How do Lyft drivers get paid and how much do Lyft drivers get paid are the most common questions to appear when someone considers to drive with Lyft, a ride-share app similar to Uber. As the big company of ride-hailing app, Lyft does have certain payment system for their drivers. Below we’re going to depict how Lyft send the payment to the drivers.
Lyft drivers get a paid from their earning that accumulated from the fee they get from riding. The also can receive tips from their passengers. This earning from tips are 100% sent to the drivers’ account. Although the passengers can tip with cash, there is a tipping option for the Lyft app to ease them in tipping the drivers.
How Do Lyft Drivers Get Paid
Lyft drivers get their payment weekly. The amount to be paid to the drivers are the accumulation of the drivers’ ride earning from the week beforehand.
The payment is directly sent into their bank account through an ACH transfer. So, the drivers must own an account that compatible with ACH transfer.
The payment week of Lyft driver
The work week of Lyft starts from Monday morning and ends on Sunday night. The whole driver’s earning and rating are calculated and elaborated in.
A Weekly Summary that depict the driver’s trips, ratings and how much the driver earn for the previous week. The summary is sent every Tuesday morning around 8 a.m.
What’s considered as payment in Lyft
Any money that driver makes via Lyft app is counted as payment and will be presented in the weekly summary.
It consists of ride earnings (whether it is regular Lyft, Lyft Line, and Prime Time), weekly guarantees, tips and referrals.
All of these things will be calculated in the weekly summary and will be sent to the driver on Tuesday morning.
How Much Do Lyft Drivers Get Paid
Just like other ride-hailing app, the amount you can make from driving with Lyft will certainly depend on how many trips you can complete, tip and referral you may get. Of course the net amount is received after deducted by your vehicle expense.
For detail, you also can see how much do Lyft drivers make a month to see how much do Lyft drivers get paid monthly.
Earning From Fee Calculation
Riders pay their ride fee via the Lyft app, although they might also tip the drivers with cash. The calculation of the ride fee starts when the riders is in the car and the driver has tapped to pick up inside the app. The pay for the drivers include waiting time they spent since one minute after they confirm their arrival.
The ride fare of Lyft includes the following things:
- Base fare. The number that riders pay to start the ride;
- Cost per mile. The number that the driver earns per mile in the area where the ride starts;
- Cost per minute. The number that the driver ears per minute in the area where the ride starts.
Please to note that Lyft determines local rate card depend on the area where the ride is requested. So, the trip fare from one city to other cities may differ.
For more detailed information about the local pricing, please to check the Lyft official site on the menu Rate Card.
For each of the ride, riders can see a confirmed upfront price. When the riders get the upfront price, the driver will be paid for time and distance based on the approved Rate Card in the region.
The upfront price will be voided and replaced to new price if the riders change destination or add a new stop.
More Earning From Additional Fee
Apart from the Lyft ride far, the passengers may also pay additional fee as below:
- Service fee
- Airport fee
- Venue fee
- Toll fee
- Cancellation fee
- Taxes or other fees
From the above fees, the service fee, airport fee, and other fees or taxes are not presented in ‘driving history’ tab in the driver dashboard.
As for the cancellation fee, the driver may receive it when the passenger cancel the ride under certain circumstance. The cancellation fee will be 100% for driver as the Lyft’s fee will not be applied to it.
Additional Earning From Passengers Tips
As mentioned before, Lyft drivers can receive tips from their passengers. And, the tips are 100% sent to the drivers’ account. Although the passengers can tip with cash, there is a tipping option the Lyft app to ease them in tipping the drivers.
Alright guys, that’s about how do Lyft drivers get paid. We hope the information can be a help for you who wonder about the drivers’ payment in Lyft. Thank you for reading.