Working for Uber is really enjoyable because you only drive your car and go somewhere with your passengers. It is not only about being a taxi driver, but you can also earn a lot of money when you can make tons of rides every day. Somehow, you may wonder the Uber driver pay structure and how you get paid.
Anyway, Uber offers some commission that will be transferred to your account. Moreover, you will also get money from the fare. How does Uber driver pay structure work? Let us check this following explanation about the earning you will get when working for Uber.
How and When Payment Happens on Uber
When you start to become an Uber driver, you need to know that your daily payment will start every Monday. It begins in the morning or at 4 am and it will end one week before or the next Monday at 3.59 am.
Then, it will repeat again and it will in the next Monday at the same time. In this case, you will get an email on Monday and the email contains a link about your payment. You will also get Partner Dashboard in which you can check your weekly payment on it.
Meanwhile, your earned income will be transferred automatically into your bank account every Thursday. So, it is important to include your bank account so that you can get your commision.
Uber Driver Pay Structure
How is your income calculated? Basically, when you drive your car to take your passengers to their destination, the fare they pay is not the final payment that you will get. But, there are several charges that your passengers must pay including ride fare, booking fee, and tolls.
Photo Credit: Pixabay
What is ride fare or trip fare? This is the cost that your passengers must pay according to the distance of the ride and the duration. You can also check the general fare to refer to.
What is a booking fee? A booking fee will always be included on every trip you take and this also will be charged to your passenger. But, this booking fee does not belong to your earning and it will go to Uber.
This booking fee will cover the safety and insurance of the passengers. This booking fee is also taken from the fare that the passengers have to pay.
What is a toll? Somehow, you need to pay a toll during the travel and the passengers will also pay this toll but it is included in the fare.
Uber Driver Salaries
So, how much will the Uber driver earn? Well, the total fare that the passengers will pay is not the total payment that the driver will earn.
Let us take an example. If you take a ride and your passenger pays the total fare about $100, then it will be reduced with the booking fee. Basically, the booking fee of Uber is about $1 up to $3. So, the remaining fare will be $97.
This is also not the total fare you will get because Uber will get 25% of each ride you take. In this case, Uber may get approximately $23 while the remaining fare is yours.
In conclusion, how is the Uber driver pay structure? Anyway, the Uber driver pay structure is actually very simple, but the total fare that your passenger pays is not the exact payment the driver will get.
In this case, the total fare will be reduced by the booking fee and 25% of the fare belongs to Uber. So, you actually own 75% of the fare on each ride. If you can make ten rides with $100 per trip, then you can make $750 every day.