RIDEGURU
I’ve had my share of 50% plus take rates since the introduction of Uber flat rate surge and Lyft PPZ. What do you think of it and do you think it’s fair?
What’s the highest percentage Uber & Lyft has taken on a ride from you? Is it on short or long rides?
Posted 4 years, 9 months ago
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Posted By
Sergio Avedian (Uberserge)
1300
Rider
Driver
Ride Apprentice from Los Angeles, CA
Blogger, Podcaster, Active Rideshare Driver/Coach
Active Uber/Lyft driver in Los Angeles, contributing writer for Rideguru and RSG (The Rideshare Guy), podcaster, rideshare driver coach, independent consultant to rideshare and tech companies.
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Comments
Ya i have had my share of upwards of 50% taken too. I tend to see it more on long rides, but maybe that is just because I am paying more attention to the take home?
What were you paying attention to before? It’s becoming a joke what Uber and Lyft are doing to their drivers.
Well naturally I pay more attention to the money I am making on the longer rides as that actually makes some impact than the $3 take home from the minuet rides.
So as long as you're making money, you don't care what percentage U/L take from what the pax paid? Do you think it's fair that it's your car, your gas, your risk but they take 50% plus?
Always been meaning to, keeping a paper log, but I have not.
I used to just assume every mile driven (while with customer) was one dollar profit. That’s been my guideline.
There are many metrics to figure out your profitability.
1. Total gross revenue divided by total app on hours
2. Total gross revenue divided by door to door hours
3. Total gross revenue divided by total miles driven for the day, week or month. Remember the government allows a 59 cent deduction for IC.
4. Total gross revenue then deduct, gas, monthly car payment, depreciation, all maintenance, insurance (personal and rideshare) other incidentals. That's what everyone should do but probably 1% get around it.
I personally use total gross revenue divided by door to door hours to figure out my hourly and #4 to figure out my net profit. Once you start using these metrics, you'll figure out your hourly is below minimum wage and you're risking your life driving and taking a 10k equipment to work every day.
Rider here. I thought Uber and Lyft took a set percentage like 25%???
Absolutely not that hasn't been the case for over a year-and-a-half now they started with 5% and they went to 20% Then 25% now due to passenger upfront pricing scheme they're up to 50-60 70% on a lot of rides what you pay and what the driver makes has nothing to do with each other on a lot of rides they will charge you surge pricing and not pass it on to the driver as well
What, that is crazy? That makes no sense. How do they get away with that? Isn't that essentially stealing?
Sorry if these questions are basic I just never heard of this before. How do you know they are taking so much from the fare?
It makes sense in Uber and Lyft land. They introduced upfront pricing for the passenger, they can charge the passenger anything they can get away with and pay the driver 60 cents a mile. It is stealing since they don’t own the car or have any car related expenses. That’s why a lot of drivers are very upset, we do all the work they keep a bigger share than ever.
There are no basic questions, most riders don’t have a clue about the evil Uber and Lyft are, so I’m glad I can inform you. I know they are taking a huge percentage of the fare because after the ride ends, I see the passengers receipt.
My worst one was Lyft charging the pax 131 dollars to the pax for a 30 miles ride after PPZ and pay me 41 with a lousy $8 bonus, it's outrageous.