Driver pay calculation begins when the passenger is in your car and you’ve tapped to pick up in the app. Driver pay includes time spent waiting, starting one minute after you’ve confirmed your arrival. Lyft ride fare includes:
Base Fare: The amount passengers pay to start the ride
Cost per mile: The amount you earn per mile in the city where your ride starts
Cost per minute: The amount you earn per minute in the region where your ride starts
Lyft determine all costs per mile or per minute depending on which city and region in which a ride was requested.
Before requesting a ride passengers have to enter their payment information in the app.
Lyft accepts all major credit cards (like American Express, Visa, MasterCard, and Discover), debit cards tied to checking accounts, and prepaid cards. Passengers may also use PayPal (for iOS and Android users), Apple Pay, and Android Pay.
After a ride, passengers can choose to tip the driver with cash or through the Lyft app (it's easy).
They can also add a tip later in the emailed ride receipt after payment is submitted.
100% of tips go to drivers. To date, drivers have earned over $200 million in tips.
It's the first big advice we can give you to maximize your tip earnings: communicate openly with your passenger -just like you would with a friend
You are a business, strategic rideshare driver. You need to take advantage of program Lyft has built to help you earn more.
During Qualifying hours, drive within the purple border, accept rides in this zone. You'll get paid more for every ride in your power zone.
No, Power Zones are not available in all the cities. Lyft will email you if they will launch in your city.
View the current week’s schedule with all applicable hours and zones by tapping on the ‘Earnings’ tab in the In-app Driver Console. You can also view zones and times from Driver Dashboard in the ‘Bonus Zones’ section.
Power Bonus helps drivers make more each week. Power Driver Bonus resets weekly. There are different levels of the Power Driver Bonus: Depending on how many rides you give, you can earn 10% or 20% more each week. The requirements for the Power Bonus are:
Give a certain number rides/week during peak hours.
Maintain a 90% acceptance rate
Give a certain number of rides/week total
You can usually count on high demand during:
weekday commuter hours (7-10 AM and 5-7 PM)
weekend nights (9-10PM and 11 PM- 3 AM)
Auto insurance isn’t a fixed cost; there are things you can do both today and over time that will lower your auto insurance premiums. You may need car insurance, but you do not need to pay more than you have to!
Lyft begins the weekley payment process on Tusdays but it may take a few days before you see the deposit in your account.
If you need money sooner you can use Express Pay. There are only two prerequisites:
You earned at least $5.50.
You own a valid debit card issued in the United States (Pre-paid cards are not allowed)
The coast for this service is $.50
Once you are approved as Lyft driver, you need to upload your bank information and set your tax information.
There are a lot of reasons to work for a Delivery Company. It's a good way to increase your earnings. The sign-up bonus is the first good reason!
Our Delivery team provide for you all the resources, information, tutorials and referral that you need to start your new job.
In Conclusion, working as Lyft Driver is a good making money opportunity. Earn extra income in your spare time and get paid daily. After you've signed up as a lyft driver, learn how to maximize your earnings and work as delivery driver when rideshare is slow.
Do you need more help? Whether you are a Lyft rider or driver, Lyft support is here to help. Learn more about popular topics and find resources that will help you. Contacting Lyft it's easy.
Set up your Lyft Account and start to earn money