Lyft’s announcement on Monday that they would be bringing back commissions was big news in the rideshare world. Obviously there are a lot of upset Lyft drivers out there but that’s why it’s more important than ever to drive for multiple platforms. I’m not happy with the commission increase but we knew it had to come back at some point. Businesses can’t just lose money forever.
Since I drive for both Uber and Lyft, I’m always concerned with how much each platform is paying. In the past, it’s actually been pretty tough to keep up with the ongoing price-war between Lyft and Uber. There have been times where I honestly didn’t know how much I was getting paid. Some fare reductions would be covered by Lyft and Uber and others were covered by me!
The one thing that remained constant though was Lyft’s 0% commission. For many months, Lyft has been the cheaper option for passengers and the higher grossing option for drivers. Obviously things swing drastically towards Uber during surge/PT but during regular hours Lyft always had the upper hand.
UZURV: Created by drivers, for drivers.Easily accept reservation requests, create an individual profile and market your independent contractor business to existing and potential riders. Sign up today!
Related Article: Guess How Much I Made Over The July 4 Weekend (Podcast) [Read more…]