Talking about who pays more Uber or Lyft, you may not get a clear answer because there are several factors that influence your income. Now, let us check all about the payment that you may get when you become Uber or Lyft.
Uber and Lyft are two big companies that give a chance to citizens who want to become an online taxi driver. Somehow, it is not easy to decide whether you have to work for Uber or Lyft because both of these companies actually have some similarities.
Who Pays more Uber or Lyft?
Somehow, you really wonder how much money you will earn when you work for Uber or Lyft. Who pays more Uber or Lyft?
If you want the basic answer to this question or you just want to know which company offers more commision, then we would like to answer that Lyft has a higher payment than Lyft. Why can it happen?
The reason is that Uber will take the commission’s driver as much as 25% of the fare. Meanwhile, when you choose Lyft, the company will only get 20% of the fare.
So, if you earn $100 in a day, then Uber will take $25 of the fare, so you will only get $75. Meanwhile, if you drive with Uber, you will get $80 while $20 belongs to Lyft.
Uber and Lyft Booking Fee
Both Uber and Lyft have the same system in term of the booking fee. Simply, where there is a passenger who wants to get a ride, the driver and the passenger will not notice that they actually pay the booking fee along with the travel fare.
Somehow, this booking fee will go to Uber or Lyft which is used to cover a few things such as regulatory expenses, safety, and much more. Meanwhile, the driver cannot look at this fee anyway.
How much does the booking fee cost? In fact, when we talk about the booking fee, it may be different from one city to other cities. But, it is not more than $3. Basically, the booking fee only ranges between $1 and $2.
The fee may rise up each year in which passengers have to pay more for their ride. Still, the driver will never be able to see this money. The booking fee is the common term used by Uber while Lyft uses a different term.
In Lyft, it is called as Pickup Fee and it is also different from one city to other cities. The amount of fee is not too different from the Uber but it may be cheaper.
The driver also cannot see the amount of fee that the company takes. Perhaps, you may feel confused about how this fee will be calculated. So let us take an example.
If you get a new passenger who wants to get a ride, at the final destination, he will pay $20 for the fare. In this case, Uber will take the booking fee as much as $2.5 and it will directly go to the company. So, the remaining payments will be $17.5.
But, Uber will also get another commission in which the remaining money will be reduced as much as 25%. So, the total pay for the trip you get is only $13. In this case, from the total $20, the company will get $7 while you only get $13.
Uber and Lyft Average Earn
Who pays more Uber or Lyft and How much payment do Uber drivers commonly make?
Talking about the earning, each driver may get different pay each day depending on how long he takes the ride in a day. But, according to a survey, there are only 25% of drivers who can get $20 an hour.
Most of the drivers only made $10 up to $14 an hour. If we compare to Lyft, then it is likely no difference, but Lyft drivers may get higher pay than Uber. In some cases, Uber drivers get more income than Lyft because Uber is more popular than Lyft.