How Uber drivers get paid sometimes aren’t clear and easy to understand for Uber drivers. Basically, Uber drivers are paid in accordance with the applicable fare for each passenger. Uber calculate the fare of the trip based on distance and time. Then, the Uber will take a small cut for an amount of 25% of the paid fare for each trip.
If you own a car and have spare times, you might want to consider of getting additional income that can help you a little to pay some monthly expense like electric bill, phone bill or the car maintenance. One way to get the additional income by using the car is joining Uber and become their driver.
How does that sound to you? There’s pros and cons, of course, but learn first about how Uber drivers get paid might help you decide if the choice is right.
How Uber Drivers Get Paid Based On Uber Payment Systems
As the Uber state in their website that how much you can earn from driving depend on how you drive. The more the drivers drive, the more they get paid. That statement might not clear enough, but let’s continue reading this article so later you can calculate the earning better.
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When you become Uber’s driver, you’ll receive your pay weekly. The payment will be automatically sent to the bank account you have submitted when you start joining Uber.
If you want other payment option, which is quicker and more convenient, you can choose to use Uber Instant Pay. This payment option lets you send your current pay to a debit card account, anytime you want.
Here’s the detail of how uber drivers get paid:
- Weekly payment begins on Monday at 4 AM and will end on the following Monday at 3:59 AM;
- Uber will send you an email contains a link of your payment statement on Monday. You can also check your weekly payment statement in Pay Statements menu via Uber application in your Partner Dashboard section;
- Every Tuesday, your money will be send to you through direct deposit into the bank account you have entered previously. If you haven’t submitted your bank account information, you can do it at vault.uber.com.
How Much Uber Drivers Get Paid?
The amount of earning can’t be defined because it depends on yourself. But you can calculate the fare when you drive with Uber to have estimation on how much you get paid. The Uber fares are calculated based on duration and distance of a trip you can complete.
It’s important to note that the fare you see when you complete a trip is not a final pay you will get. It’s only the amount to be charged to the passenger. The amount of the fare charged to the passengers includes 3 things below:
- Trip Fare. It’s based on the trip’s time and distance. You can view the rate by selecting city;
- Booking Fee. It’s included in every trip where the amount varies from city to city. Uber collects it from the passenger on your behalf. This booking fee is used to cover the cost of insurance and safety features. It doesn’t influence the trip fare;
- The toll payment, in case you have to pay it during the trip, will be included in trip fare.
What you get from each trip is not all of those 3 above, but you will only get paid from Trip Fare and Tolls. Then, from each trip you complete, Uber will also apply Uber fee. The fee is applied to Trip Fare based on percentage. It’s never applied to Tolls.
To know how much the Uber fee rates, you can visit City Information. This fee is significant for Uber to keep their platform going on so you can continue driving using their apps.
Uber Surge Price Algorithm
The trip fare you receive might increase during high-demand times. It is when the demand for rides is raising such as late night during weekends.
The increasing fare is specifically made based on the city’s areas and when there are not enough drivers in that area that can accommodate the number of ride’s request.
The high-demand area for riding is displayed in shades of red in your Uber app. The darker the red’s shade is, the higher the demand in that area. If you can fulfill this demand, you will get the increasing fare that is called Surge.
Surge fare is higher than normal fare because it’s multiplying the trip’s total fare by surge multiplier that is currently made by Uber.
For example, the surge multiplier of 1.3x or 2.1x is applied to a surging area when a passenger accept the term. It’s applied to the trip fare’s base, time and distance.
So, now that you’ve known about how Uber drivers get paid, are you interested to join the platform? Also, aside from the Uber fee, the income is fully on your own. It just depend on your will: the more you drive, the more you will be paid.