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What it is?
What it is?
Pigeons can reserve a delivery opportunity and are required to deposit 1/2 of the delivery pay value upon accepting any given delivery opportunity. It's similar to a rent deposit, but only temporarily.
Pigeons can reserve a delivery opportunity and are required to deposit 1/2 of the delivery pay value upon accepting any given delivery opportunity. It's similar to a rent deposit, but only temporarily.
What's the purpose?
What's the purpose?
The purpose of the reserve deposit is so Pigeons can freely reserve a delivery opportunity. No other Pigeons will have access to view or accept the delivery opportunity that is assigned and reserved for you. The deposit also acts as a temporary bond and an accountability measure, which prevents Pigeons from accepting deliveries and failing to pickup and successfully deliver the deliveries within the parameters. When a Pigeon does not show up to fulfill their deliveries, it jeopardizes timely deliveries and creates dissatisfied customers. These situations result in expensive resolutions such as replacing a customers order or paying another Pigeon an expedited fee to quickly make those deliveries. The reserved funds will then be forfeited and used to cover those expenses.
The purpose of the reserve deposit is so Pigeons can freely reserve a delivery opportunity. No other Pigeons will have access to view or accept the delivery opportunity that is assigned and reserved for you. The deposit also acts as a temporary bond and an accountability measure, which prevents Pigeons from accepting deliveries and failing to pickup and successfully deliver the deliveries within the parameters. When a Pigeon does not show up to fulfill their deliveries, it jeopardizes timely deliveries and creates dissatisfied customers. These situations result in expensive resolutions such as replacing a customers order or paying another Pigeon an expedited fee to quickly make those deliveries. The reserved funds will then be forfeited and used to cover those expenses.
What happens to the reserved funds?
What happens to the reserved funds?
The reserved funds are immediately refunded upon successful completion of the reserved deliveries. If the Pigeon does not properly fulfill their delivery route obligations, the funds are forfeited.
The reserved funds are immediately refunded upon successful completion of the reserved deliveries. If the Pigeon does not properly fulfill their delivery route obligations, the funds are forfeited.
How soon will I receive back my deposit?
How soon will I receive back my deposit?
Deposits are released and available the moment the deliveries are complete.
Deposits are released and available the moment the deliveries are complete.
How does it work?
How does it work?
Upon enrolling as a Pigeon Driver, you are required to purchase a Driver Kit for $14.99.
Upon enrolling as a Pigeon Driver, you are required to purchase a Driver Kit for $14.99.
$5 of the $14.99 will go directly into your Pigeon Wallet. The remaining $9.99 goes towards the kit contents. The $5 will serve as your reserve deposit for your first test delivery. Since the first test delivery pays the Pigeon $10 or less, the reserve deposit of $5 is required and will come from the $5 initially placed in your Pigeon Wallet. Keep in mind you can withdraw the $5 at anytime you choose. However, if your balance is zero you will need to add additional funds to your Pigeon Wallet if you want to reserve future deliveries.
$5 of the $14.99 will go directly into your Pigeon Wallet. The remaining $9.99 goes towards the kit contents. The $5 will serve as your reserve deposit for your first test delivery. Since the first test delivery pays the Pigeon $10 or less, the reserve deposit of $5 is required and will come from the $5 initially placed in your Pigeon Wallet. Keep in mind you can withdraw the $5 at anytime you choose. However, if your balance is zero you will need to add additional funds to your Pigeon Wallet if you want to reserve future deliveries.
Below is an example of a Pigeon Wallet. You can access the Pigeon Wallet by logging into your account and searching Wallet under Account.
Below is an example of a Pigeon Wallet. You can access the Pigeon Wallet by logging into your account and searching Wallet under Account.
Your Pigeon Kit order will automatically deposit $5
Your Pigeon Kit order will automatically deposit $5
When you order your kit, $5 is automatically applied to your Pigeon Wallet and can be used to cover 1/2 of your first test delivery deposit. Once the delivery is complete, you'll get paid the earnings on the delivery and also your $5 will be available to withdraw. For example, if your pay on your first test delivery is $7, then the required reserve amount is $3.50. Upon completion of the delivery you will find the $7 pay and the $3.50 returned and available. At any time you can withdraw the $12.
When you order your kit, $5 is automatically applied to your Pigeon Wallet and can be used to cover 1/2 of your first test delivery deposit. Once the delivery is complete, you'll get paid the earnings on the delivery and also your $5 will be available to withdraw. For example, if your pay on your first test delivery is $7, then the required reserve amount is $3.50. Upon completion of the delivery you will find the $7 pay and the $3.50 returned and available. At any time you can withdraw the $12.
EXAMPLE AND TIMELINE
EXAMPLE AND TIMELINE
Jon enrolls as a Pigeon Driver and purchases the Pigeon Kit and $5 reserve deposit for $14.99.
Jon enrolls as a Pigeon Driver and purchases the Pigeon Kit and $5 reserve deposit for $14.99.
Jon receives his Pigeon Kit and $5 is placed in his Pigeon Wallet as seen below.
Jon receives his Pigeon Kit and $5 is placed in his Pigeon Wallet as seen below.
Jon accepts and is assigned his first test delivery. The delivery will pay Jon $7 total upon completion. Jon's required reserve amount is $3.50
Jon accepts and is assigned his first test delivery. The delivery will pay Jon $7 total upon completion. Jon's required reserve amount is $3.50
Once Jon successfully completes his first delivery, he receives his $7 pay in his Pigeon Wallet, followed by his reserve refund of $3.50. Jon now has $12 total his can withdraw at anytime.
Once Jon successfully completes his first delivery, he receives his $7 pay in his Pigeon Wallet, followed by his reserve refund of $3.50. Jon now has $12 total his can withdraw at anytime.
Jon decides to build up his reserve so he can accept higher pay deliveries. Jon accepts a $25 delivery opportunity, which requires a reserve of $12.50.
Jon decides to build up his reserve so he can accept higher pay deliveries. Jon accepts a $25 delivery opportunity, which requires a reserve of $12.50.
Jon successfully completes the $25 delivery opportunity and is immediately paid the $25 delivery pay followed by the reserve refund of $12.50. Jon can now withdraw up to $37.
Jon successfully completes the $25 delivery opportunity and is immediately paid the $25 delivery pay followed by the reserve refund of $12.50. Jon can now withdraw up to $37.
Once John has successfully completed at least two delivery opportunities, his reserve obligation is cut in half. He will only be required to make a reserve deposit of only 25% of the delivery pay versus the previous 50%. Therefore, Jon can now reserve a $25 delivery opportunity for $6.25.
Once John has successfully completed at least two delivery opportunities, his reserve obligation is cut in half. He will only be required to make a reserve deposit of only 25% of the delivery pay versus the previous 50%. Therefore, Jon can now reserve a $25 delivery opportunity for $6.25.
Don't worry, you don't have to keep track or do the math. It will all be done electronically. Also, most delivery opportunities do not exceed $75, so an ongoing balance of $10 - $17 will typically cover required reserves.
Don't worry, you don't have to keep track or do the math. It will all be done electronically. Also, most delivery opportunities do not exceed $75, so an ongoing balance of $10 - $17 will typically cover required reserves.
If you plan to stop making deliveries for a while you can always withdraw all your funds. If you decide to start delivering again, simply email support@pigeonship.com and indicate you'd like to add reserve funds to your Pigeon Wallet and start making deliveries again. At that time you will be provided instructions how to add reserve funds again.
If you plan to stop making deliveries for a while you can always withdraw all your funds. If you decide to start delivering again, simply email support@pigeonship.com and indicate you'd like to add reserve funds to your Pigeon Wallet and start making deliveries again. At that time you will be provided instructions how to add reserve funds again.
As a reminder, you will receive a $5 credit to your Pigeon Wallet for your initial reserve.
As a reminder, you will receive a $5 credit to your Pigeon Wallet for your initial reserve.
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