Lyft vs Uber Driver Income, which rideshare service app pays drivers more. From independent survey at 2018, we got that Lyft driver car make amount $17.5 per hour on average, while Uber drivers below $2 compare then Lyft Drivers. But, different data from Certify says that Uber drivers can make $25.73 per hour while Lyft drivers only $19.20.
Being a Lyft or Uber driver can be a great idea if only you want to earn more income. In this case, you will be the bost for yourself where you can manage your time. All you need to do is to take rides as many as possible. You will get more income when you take more rides.
What are the differences between Lyft vs Uber driver income? Let us check how much money you will earn to become an Uber driver vs Lyft driver.
Pay and Rates
Basically, the rates of Uber and Lyft are actually different according to the location. We may take an example of rates applied in Toronto where you can also find Lyft there.
UberX is the standard class that a passenger can take and we can compare it to Lyft. Anyway, the common rate for a Lyft ride is about $2.5 for the base fare, and it costs $0.18 per minute while it costs $0.81 per km.
Riders will also be charged if they cancel the order as much as $5. Meanwhile, the minimum fare is about $3.25. It seems that if we compare it to UberX, the base fare, per minute fare, per km fare, and cancellation fee are the same, but the minimum fare is higher as much as $5.25.
Surge Vs Prime Time
Surge pricing may be charged when there are too many requests while Uber has a limited driver or when it is in high demand. Meanwhile, Lyft calls it Prime Time pricing. In this case, Surge pricing or Prime Time pricing will increase the fare.
On Uber, it uses a number like 2.0 Surge that means passengers have to pay double. Meanwhile, Lyft Prime Time uses a percentage like 200%. When the surge pricing is active, it will be a great chance for a driver to earn more fare.
Lyft vs Uber Driver Income
Somehow, you really need to understand the earning or the income you will get when being an Uber or Lyft driver. How much can you earn?
First of all, you have to know the Uber Breakdown so that you know the categories that will be charged. The first is the base fare that refers to per minute and per km fare.
Secondly, the booking fee that refers to a flat rate per ride, Uber fee that belongs to Uber as many as 25%, and HST as many as 13%. Tip may be optional if rider wants to give it to drivers.
Now, you can check the Lyft breakdown that consists of ride earnings that refer to the money you get for the trip, HST collected that refers to the charge of the entire fare including service fee and fare, HST on Lyft, and the total.
Anyway, the total passenger paid actually does not belong to your earning totally because Uber or Lyft will get the commision too. In this case, usually Uber will cut the total fare as many as 25% while Lyft takes 20%.
In this case, if the passengers pay the fare as much as $100, then you will get $75 up to $80. Meanwhile, when we talk about the daily income, it is all your decision because the income depends on your rides. The more rides you take, the more income you earn. So, it is important to take at least ten rides a day.
However, when we check the average earning of Uber or Lyft driver, most of the driver can earn up to $14 per hour. You can imagine how much earning you get if you spend ten hours to take rides.
Finally, that’s all you need to know about the Lyft vs Uber driver income. Anyway, being an Uber or Lyft driver is not a bad idea. Which one to choose? Basically, both of the Uber and Lyft are not significantly different in term of earning. But, if you want to know who is the most popular one, the Uber is the answer.