Lyft Announces NEW BENEFITS For Drivers
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- เผยแพร่เมื่อ 5 ก.พ. 2024
- Lyft just announced several updates and benefits coming to drivers regarding earnings take rate, EV incentives and deactivations (mostly unjust and how to appeal them) Join RSG contributor Sergio as he goes over the new announcements and what to expect. Make sure to share your thoughts and watch Show Me The Money Club with Sergio and Chris Tuesday 6pm est/3pm pst for more breakdown and Harry's interview with Lyft's CEO, David Risher.
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About The RideShare Guy:
I'm Harry, the founder of The Rideshare Guy. I started driving for Uber and Lyft in 2015 and eventually quit my day job as an aerospace engineer to run The Rideshare Guy full time.
These days, I'm a trusted media expert on all things rideshare and have a number of contributors across the country who are all driving for Uber and Lyft and other gig companies like Instacart, Doordash, and Postmates.
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What do you think about this announcement?
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Harry do we know when this takes effect for every one???
@@created2worshypmost of ot immediately, please sign up to our newsletter
In Los Angeles market, lyft take rate est. 61% per rude
45% external Fees
30% of 55 = 16%
61% overall take
Riders 39% before expenses
That's transparency
Just be honest Lyft
Drivers make around 40% of rider Payments
I can't wait to put it to the test to see if it's true in our market.
I'd like to know more about the top-off
The passengers that make false statements against the drivers automatically need to be deactivated
100%
💯
And end a stream of revenue for the bottom line yeah right 😂
100% agree 😊😊
Hard to prove
Pass. Just go back to paying 1.35/mile .55/minute. Charge the pax more if you need to. Rideshare has become a cheap public transportation and instead of using the bus they use Uber/Lyft.
Rideshare is not cheap. It just pays cheap
@@jhonsonmojica9061 back before rideshare people car pooled, called a taxi, or called their boyfriend or friend to pick them up.
Not cheap for the passengers maybe for the drivers.
@@raptorx9592 not cheap for the driver either. 20k to 50k for the car, insurance, maintenance, gas, personal labor time. If the driver doesn't do those things he will get deactivated
WE WANT $10 minimum fare per ride!!!
No we DONT .. all that does is lower the amount of rides availoabe because everty idiot in the world thinks they can become Uber drivers then you piss and moan because you are not getting enough rides My God do you people ever actually use your brains ?
Amen
I have been driving since 2016 and with all the inflation in every thing we buy, the minimum fair with Uber has not gone up. This is ridiculous. Not sure about Lyft.
Minimum ten dollars!!!!!!!!!!!
@@TeulaT33 yes baby
According to your own statement Sergio... 0.24 out of every dollar goes to expenses for Lyft. You only have $1 dollar... so Lyfts initial take rate is 24%!!! Now, you have 0.76 cents left! So 0.532 is 70% of 0.76 cents leaving 30% @ 0.228 cents further to Lyft... Lyft gets 0.228 plus 0.24 = 0.468 to Lyft!!! (Or) almost 50/50... imagine driving for 0.52 cents per mile on Lyft! All I know is Driver Anywhere and Get Transfer take only 23.5% Lyft is just as BLOATED AS OUR GOVERNMENT IS and we just can't take their word for it out of an article... sheeesh... just another PR SCAM/LIE! However, I drive BLACK SUV and their take rate is around 23-25% I am speaking on behalf of lower tier drivers... THIS ARTICLE IS ABOUT CHANGING YOUR MINDSET... but, if you do the math... NOTHING CHANGES... sheeesh
Hello I am trying to understand
I drive a kia sorento and they denied to give me high earnings, I don't know why,
Is there a difference between black suv and the kia sorento 2018 which is also black that I drive?
It’s still 10x better than Ubers take rate of 50-75% on most rides. You fucks are gonna complain no matter what they do. Lyft is doing better be grateful
TRUTH!
70 percent of the remaining $0.76 on the dollar translates to 53% for drivers. So they will be taking 47% which is ridiculous. And now they’ve put it in writing and attempted to make it sound like a great deal when it’s not if you really look at the way they are calculating it off the remaining 76 cents. The devil is in the details ya’ll
AGREED! As soon as I look'd at the numbers I said, "hmmmm looks like they are still taking close to 50% which is just under the almost 60% they currently take!"
Correct but still better than oooober
I did they math, They are gonna take about 50 percent every single ride! I don’t know how this is a good deal…
It's not. It's verbal diarrhea intended to confuse & misdirect drivers who can't do math. Which is probably most of them.
It’s not they blowing smoke up yo a$$
It isn’t. That’s I why I stopped driving
Yep that's what Lyft did to me.
23 cents is still like 25 percent of the fair. Giving us 70 percent of what remains is still a rip off. We should be getting 70 percent of total fare because we have expenses as well.
The agreement when I signed up over 7 years ago was they take 25% plus a small booking fee. Now I'm supposed to be excited about getting 53%? Paying drivers anything less than 2X the IRS standard mileage deduction rate is criminal. For 2024 it is $.067/mile so minimum should be $1.34/mile.
start your own company make your own rates.
@johncarcamo6772 this is a stupid take. They have critical mass (Uber and Lyft) . They can't use that to run rampant. The fact that no federal govt entity has gotten involved when they do go after banks, for example, on onerous service/ATM charges, is unbelievable. Friends in high places like Kamala, Chief legal officer Tony West of Uber's sister-in-law helps that. These companies need to be reined in and fast.
They are a gig, nobody is forcing you to drive for pennies
yep
They have been deceitful, same as the current administration. Go figure.
Transparency - show me the Lyft insurance contract - is it per mile or fixed amount per month , show me the credit card processing fees per ride - don't combine then in one statement DON'T TALK ABOUT TRANSPARENCY
AMEN
$75 insurance lol for 7-8 rides total online 5 hours . Seriously
Here is what's ridiculous. How is insurance 25% of every ride, when Lyft charges a $2500 deductible? Aside from 25% being outrageous, is Lyft also pocketing the $2500? I bet it is. Just like it pockets cancelation fees, where the only person inconvenienced is the driver, and hands only $2 of it to the driver.
To Uber and Lyft. Why not have US pay for our own rideshare insurance so we can get much more of the pay. I think they’re overstating how much insurance is costing after every ride.
Completely agree
I'ma be honest with you brother. I started my own shuttle business. Commercial insurance is not cheap at all. Regardless of if they're inflating numbers, I believe they're paying a good amount of money for these rides to be insured. I got quoted 40k/yr from Berkshire Hathaway for a commercial policy. I'm not just talking out of my ass
@@BossTheoryy For how many cars and how many miles?
@@christheprophet6583 two vehicles. I didn't even get that far into the quote I ended the conversation after he said 40,000 lol
Absolutelly NOT , are you out of your mind ? Commercial Insurance locally here in Minnesota $700-$1000 a month for running a TNC type service . The way it is now I pay $25 for a uber/lyft rider on my insurance .. thats pretty close to what all drivers currently pay . Please actually price commericla insurance before making such nonsense. I dont mean to be mean but it pisses me off how peopel just pop off on topics they have NO actual knowledge of. Have never educated themselves on. GO PRICE COMMERCIAL TNC INSURANCE and repost. Tell your insurance comapny you need TNC insurance as your OWN business for just you as driver .
So they are going to take %30 of the %75 after they've taken %25 off the top. That's like %46 overall. They should just let us set our own prices and get our own insurance. Basically more lip service.
Funny, you said what I just wrote! You sir are a fellow mathematician just like me!
I wrote the same thing. They’re screwing us on the Insurace part. I’ll get my own rideshare insurance!!!
@@badass1g Although you have proper insurance; if you get in an at fault accident with a transit bus while driver for Uber, the insurance claim can easily top $500,000. The lawyers will come after you and Uber. Multiply that by all the at fault accidents involving Uber drivers. The insurance companies are shelling out a lot of money on Uber's behalf.
So are we getting a copy of the credit card statements cuz that's the only way I'll ever believe.
Isn't it interesting how these apps start caring about an "unjust deactivation" the same moment they're purging drivers at a record pace due to low wages? So they're going to allow desperate drivers back online who have been deactivated because they can't find anyone else who will. Got it
They are making soo much money on the commercial insurance wtf 25%? I got quotes for 500 at month for cm insurance …. YOU SHOULD PAID YOUR OWN COMMERCIAL INSURANCE PERIOD.!!!
Starting this week? Just took an airport ride yesterday that didn't show where the Px was going, only a $20.11 payout. When I accepted, I see it's a 22 mile / 45 minute trip to a far-off barrier island on the Atlantic. The Px paid $45 & I received $20.11. 🤔😱😭🤷🏻♀️
How come you took it for the $20? Did they tell you how much you was going to get paid before you took it?
That's 55% they took from u. That's f'd up
They didn't charge enough
He had no up front fare@@damienwade7848
I think Sergio mentioned that the "settle-up" gets paid at the end of the week (Sunday night), so check early next Monday morning.
Thanks 👍 for the heads up!! Excellent summary.
Will they apologize for being a thief in the past years?
I looked at my last week statement and it started then. They said I took home 79%. I’m at 105% so far this week so let’s see what happens. Of course I super cherry-pick and only take rides that’s a certain dollar amount and it has to make sense with the miles lol
80% after the fare and expenses??? You got sold again SERGIO just like those who take the $3 rides without doing the math!!! Jesus!!! Quit peddling Lyfts bullshit without first verifying the math. Driver maximum is 53.2% IF YOU ARE LUCKY!!! NOT 80-82% based on prior postings...
Great comment!
This is substantially more transparent than Uber. One thing has just been revealed which helps drivers greatly. Uber has been representing they are taking only a small percentage, much less than 30%. Hopefully this will force them to reveal their fixed cost are. Today, they are saying 15%. If so, then Lyft has fixed expenses greatly more than Uber. I’m guessing Uber is lying and their fixed costs are >25% too.
This is one step in the right direction!
Makes more sense if drivers get their own commercial insurance and the percentage comes from the actual fair not what's left over after they force the drive to pay commercial insurance on lyft behalf
I understand your point but in the other hand lawyers still go for the ride share company.
@oscarlopes376 that's true but explain uber black.or any owner operator truck driver
Thanks for the update Sergio
If you do a short ride in L.A., 15-20 min total time, on average $3.
Los Angeles market needs $6 minimum per ride
Why drive that for $3? You lose $5 in gas for that trip.
You actually take those? That’s insane
I dont take them, but they exist often and its contradiction to their guaranteed earnings @Everybodyisgross
@@Jimboit2I don't take them, I have an EV. I just don't drive during peak traffic times
@@OkcdriverI don't, unless I'm finishing up a ride challenge. I choose my times and rides carefully
These rideshare companies contract with the riders and pay us as subcontractors. They are responsible for the commercial insurance not us They need to pay the insurance out of their take instead of saying it’s a fixed cost that they’re paying for us. It’s definitely not true. We provide the car we provide the time we provide the maintenance we provide the fuel. They need to charge enough to pay THEIR fixed expenses rather than sloughing it off on the drivers. According to AAA, the national highway administration in the US treasury, the cost of ownership and operation of a vehicle in the United States is $.72 a mile. When they pay us $.52 a mile, it doesn’t even cover our expense let alone our time. Until they start paying fairly, there’s really nothing to discuss. I don’t give a shit about a button I can press to immediately appeal some bullshit from one of the passengers. Lyft likes to think of us as a cheap public transportation, alternative and cheap medical transportation. Obviously the only way to get their attention is to shut them down. It’s the only thing they understand.
The wild card in their new formula remains the “after expenses” fee. They can make that whaztever they want. There is no clear definition of what that fee includes. They can include whatever they want because they can add whatever they want to the fee. How about class action lawsuits payout or attorney fees paid out. They fee will constantly adjust to make sure they never payout on this promise.
Lyft math. Still at below 50% take rate. 70% of nothing is still nothing.
Lyft fares are still less than Uber fares in my state. I work full time and took only one Lyft ride yesterday.
I've been driving for Lyft for over a year. They only pay 32% to 45% of what the passenger pays here in Memphis. 45% on 'surge' times. We are supposed to get 53¢ a mile. But it never pays that. I'm an 'elite' driver so to say the least I'm always working.
53 cent per mile your working for free 😂
If they are taking expenses out for them before calculating the take rate then our expenses should also be taken out before calculating take rate. The take rate is how much each entity takes from what the passenger was charged not including tips or donations.
Oh, No! You are wrong this time. Drivers take 70% after expense means we only get 50% of rider's fare. I say this is not enough for us. please don't emphasize 70:30or 75:25.
This right here all day
Harry is a Mold for Uber and Lyft!
I've been 7 years as Uber and 6 years as lift top rated driver On both apps.
Thanks for the info Sergio
I hope so because yesterday I ask the rider how much pay for a ride? And say 45 dollar I got pay just 9
Cash app or PayPal
Yes I have been asking too it's all over the place . One rider paid 100.00 and I got 12.00 with 5.00 surge . Another one I was in a 9.00 surge got 17.00 the rider paid 12.00 so they rob one rider and save another rider and I get only bare minimum . None of it adds up . I work 6 to 10 gigs is the only way I make it . It's almost like driving during the lockdown your gamabling on which to take if you get anything .
@roxiebenesch348 I started with people needing to get to work. They will appreciate not waiting for the ride. I started at 5 am and had 5 regulars. Then with elderly people with rides to the doctor or whatever. I told them to give me a days notice on those. Older people are good at informing you. It's going to take a few months to get your days filled up. Most people would prefer they know their driver.
I went to Ridesharing full time from part time when my son had an accident and needed my care. It is degrading and dehumanizing to drive for 8 hours with Lyft and Uber to bring home $100 for the day!
Sergio: "Lyft is going to take 30%, and 70% is going to go to the driver." Take some math lessons. If Lyft takes 30% and takes another 25% for other expenses, the driver takes 45% not 70%. SMH
He did push him for the first time ! Great job Harry! Sergio lined you up with great information.
😂😂
@Sergio, thank you!
We, the driver's need more money. We are the one that's out here driving our cars.
Exactly! These rates would be perfectly fine if we were driving lyft's own vehicles, but they're not they're our cars... Be on the lookout for this other company called Empower. They've been out in Washington, DC for a couple years now and they got a way better business model hoping they expand!!
@@TRUTHChurchLiveEmpower is trash
Is Lyft still offering challenges? I have not seen a challenge with Lyft for months. Anyone out there any different?
I was at gold/platinum about every month doing uber deliveries. They put me down to Blue status for Uber-rides. If i reach gold or platinum for Uber-rides will i get better ride offers than being in Blue?
The long trip should have a automatic tip for driver specially when its traffic sometimes we took some long trip like airport or city they dont give tip for driver for long drive specially in the traffic
At Lyft company they are not doing good enough for drivers the pay$$$ per ride we drivers get is a joke now a days. Both Uber/ Lyft need to go back to paying drivers the rate card model, its still a big joke the dimes and pennies we drivers get. If billion dollar tech corporations such as Uber/ Lyft need money to pay the expenses then they should make it a membership platform drivers pay monthly, they charge the riders and we the drivers should receive a proper percentage payout of the ride this shit is not complicated.
That is exactly the business model that "Empower" Driver is using over in Washington, DC. Unfortunately I don't live there. I have already signed up with them waiting for them to expand!! Once we get another disruptor in the marketplace, Uber and Lyft will have to change. But by then most of us will choose the new platform and be early adopters of it!! Or heck, we'll start promoting our own business and do it ourselves!!
Sergio - The best way to do this is just test it out so I will get back to you and compare it from the past and the next few weeks - Cheers
I LOVE THIS TAKE RATE ISSUE!
Granted, expenses for a multi million dollar company shouldn't be taken from us. That should be charged to the rider and not considered when calculating our take.
Bullshit bullshit and more bullshit 🤦🏿♂️🤷🏿♂️😂
Lyft saying 50% split and you're gonna like it! It's like the mafia offering a deal we can't refuse.
Elite tier drivers deserves elite pay grade by default.
The attitude of “this the least we can do” mantra with top veteran drivers doesn’t cut it. That’s mediocre at best.
That is another suggestion I sent to Lyft. I believe focusing on the tier groups is a good thing, but you should make it match the pay scale. So for example if you are elite as I am then then we would get 85% pay, platinum drivers, 75% pay and so forth from there. There's so many different ways and at the end of the day math is math. They're just taking more of the money undercutting the driver and taking advantage of the riders who have to pay out.
What is an elite tier driver?
@@raptorx9592 It’s a new name from Platinum plus.
@@raptorx9592 That's the new tier. It used to be called Platinum plus.
THANK YOU! YES I AM BOTH UBER AND LYFT DRIVER. I am definitely noticing a higher net pay past 2 weeks from LYFT. I love how they are turning their company for the better with their new CEO.
Thanks
The co-op is coming, thyft doesn't have to worry about anything anymore
I'm just asking this question how much is lift stock
The better transparency is vital within any business and especially for every single one of these app gigs.
Good job Sergio, I still think you need your own channel!! 5 ⭐️⭐️⭐️⭐️⭐️ for you & 1/8 star to harry 🤣!!
Sergio please touch that topic : I have my own Comercial insurance, TCp and airport permit, will Lyft reimburse me for that fees ?
Uber is reimbursing the airport fee if I pick up non black rides
It will be great if I get back some of the added expenses Lyft is charging since I already pay for everything
I'm driving with the lift I didn't get my money I have almost 2 months I don't know what happened I update my tax information but they said my social security number does not match so what I have to do could you tell me please
Only reason why I don’t drive for lyft is because they don’t acknowledge my commercial insurance and keep giving me two to three dollars trips. I can’t sustain what I do driving an SUV and commercial insurance. There is also no way of reaching them speaking to them directly. And they toss all trips in the pool together. With Uber I can separate the option of what I except. I guess I have more than one reason.
If I can afford to have medical insurance again, I will be so grateful to Lyft!!! I lost it and my medical stipend from prop 22 18 months ago due to my car engine failure and needed to buy a new car. Having that forced me to work more hours to make sure I reached my full time online hours, but also…once they took LUX away, I was doomed twice. I hope this change brings more income to enable me to work more hours if it means I can get my medical insurance again!!! PS: I’m in the elite category because I still accept all rides unless it’s a safety concern or no car seat. PSS: If Lyft can do a hiring freeze, this will be the cherry on top!!! Too many drivers will not push the needle. Happy drivers will be loyal!!!
Believe it when I see it
How are we supposed to prove our expenses to Lyft to prove the "floor"? Will we have to use their debit card to pay for gas, etc?
Uber sent me a survey last night asking how much I think they take from the rate. It was a pretty good survey. Hope they start to make some changes.
I think you just answered my question with the top off is why I just got money in my account from Lyft
Full transparency is showing calculations after each trip not weekly.
Hey man, ride from downtown to the airport is usually somewhere between 10 $14 today it was eight dollars! What are they saying take it or leave it😡 it’s not the first time I see them shaving
Did I understand you correctly... 24% of each dollar is going to lyft expenses then another 30% is going to be taken after that and we get 70% of the remaining 76% of each dollar charged to the passenger? Doesn't that mean that Lyft is taking 54% of the total fare?
No, your math is correct, however that's the floor
@@sergioSMTMC1... ok, thanks for answering. That is wild! Look forward to the show tonight!
Yes
In Europe they cut %20 and %80 goes to driver out of Total passenger money, but here almost they get %50 how it can be fair?
1 lay off some drivers or make newbies the ones that have to drive somewhere else or drive late night hours. Veteran drivers shouldn't have to do this.. 2, stop the challenges , bonus hours, just pay us a fair share of each fare.
I drove Lyft yesterday and the results will shock you. Lyft charged $48.38 to passengers and I made only $28.31 (for 1 hour 18 minutes of time booked). That is 59% paid to me. I drove only 2 rides because it was terrible. I first had a normal ride - then a ride to central Phoenix stuck in traffic behind a wrecked high-centered SUV on IS-60 for miles and miles of stop and go. A 28 minute ride took an hour. Why would I spend that much time in those conditions with a frustrated passenger who is stuck in a big traffic jam to be paid 59% of the charged fee? No mystery here why drivers are concerned.
now my car insurance is asking if i use my car for rideshare....their reason? risk will go up so they increase my premium...
These proposed changes are extremely positive. My favorite is that Lyft will not rape the the drivers any more by not taking more than 30% of the fare that the passenger paid. This will definitely entice more drivers to drive Lyft. This is about fairness, the driver who bears the largest cost of providing the service including paying for the vehicle should receive the bulk of the fare. TAKE RATE GURANTEE is long overdue
🤔🤔🤔
The 70% is after they deduct 24% for insurance. We are getting 50% or less. I confirmed this on 2 rides to the logan.
No sir. . . they taking 30% more of the remaining 76 % after they take an initial 24%. . . this whole video stink of lyft and uber tactics
Sergio, do you think it’s fair that Lyft adds Bonuses(like EV Bonus) to the 70% cut? Without including the EV Bonus, I was at 68%. But after earning the EV Bonus of $150, it pushed me to 85%. Bonuses aren’t part of Passenger Payments.
Agree, that's one we're working on
I think this will make stand out from Uber. Will be analyzed after the first week for a few weeks though
Most of the changes are appreciated. As far as the earnings guarantee, it continues to be a shell game. To me as you know I do not give a shit what Lyft's take rate is and has no bearing on whether a trip is profitable for me. For your followers who do, be warned that "external fees" will grow to be larger and larger. Good luck trying to track or enforce a 70% guarantee. You are in LA, ask any actor if they take back end money as a percentage of the gross or the net....
Please make sure all of the CPU has apps off on 2/14. I need some surge and will be driving 18 hours that day..........
😂😂
So you will get 53.2% of the of what the customer pays... 6:29
The wait fee is like literally .05/min. It's ridiculous and my biggest pain point
When do these changes take effect
Already has
That is great news it's at least a change no we just have to see it onvce it takes effect.
Question: Re; $6.00 per hour operating cost in L.A. can you please brake it down? Thanks
I hope you can show us a breakdown of how this 70% take looks like.
My problem with Lyft and Uber is they sell the rides too cheap or way too high based on all the information.
They know how the rider rides and how they tip and used it to work their magic . I still wish they did something for the veteran full time drivers with nice cars ! How is it fair that someone needs to run out and bang out an extra 100.00 in their piece of crap car . I have always gone above and beyond keeping my car clean without duct tape and bungie cords . Why can't they feed those drivers with the low rating and multi stop riders . I feel from talking to my riders and myself as a rider that the rides are becoming more like riding in a nasty taxi cab . How about rides that make no sense get taken care of this morning I picked a single mother in an outer city limit to drop her kid off at school and her to work on the way other side of town to work . Nobody but me or Sunshine Man would even do this 😂 . The girl was not getting picked on top of her fare was so high and there was a huge accident that caused her to be late . Not that I was going to get a tip . Sure wish riders and drivers could get a break .
There are a few more than just us Roxie, but thanks for the publicity. I'll stick on your side every time. All the best to you. Do what is right for you, that's what I do.
Nasty taxi cab? Slow your roll uber man.
Preach it.
That so-called "transparency" is bullcrap. So lyft gets to deduct THEIR expenses off the top, THEN split the leftovers with the driver? How about we flip that around? Deduct DRIVER'S expenses off the top from the passenger paid amount, then give lyft 30% of the leftovers. Do the math Sergio. In reality, it's still a 40%-60% take. It's verbal legerdemain meant to confuse and misdirect drivers who aren't good at math or have poor verbal skills. Is it working? If you're buying into it, it's working on you.
That's NOT a "clean cut" Sergio. That's not a "Floor" Sergio. Not as long as lyft has free reign to play games with what they include in "expenses" they get to deduct off the top. Bonafide Legitimate third party expenses (airport fees, tolls, city/county taxes, etc), OK. Any internal operational expenses, HELL NO.
Drivers have internal operational expenses. WAAAAAY more operational expenses than lyft.
As for "wait time" I don't know why uber/lyft have such a problem with it. The solution is super super simple and 100% effective. Charge riders a punitive rate for wait time. Give them a 1 minute "grace period" then start charging the rider 80¢ to $1 per minute and pay 100% of it to the driver (pure pass through, uber/lyft don't need a cut on wait time). It would be a zero cost to uber/lyft. At that rate, drivers won't mind waiting. Sure, riders will grumble and complain, but it's an optional fee. Any rider who doesn't want to pay it can avoid it by simply being ready on time.
Same applies to wait time at stops. A 1 minute "grace period" then start charging the rider 80¢ to $1 per minute. EZPZ. Rider wants to run into walgreens "real quick"? Fine, take your sweet time. Rider wants to get into a round the building fast food drive thru line? Fine, no problem.
I feel the same way to solve “wait time” problem. Currently, both companies are very generous to tolerate the multiple stops and late riders at the driver’s expense.
So the ones paying steep gas prices don’t get bonused but Ev drivers who have less costs get paid more this seems discriminatory my gasoline bill alone is one thousand dollars a month
hi sergio I Watch your this vedio on google news now giving my opinion۔ one dollar lyft is taking 24% as external expenses then remaining they used simple math 70/30 ratio۔ driver 70% lyft 30%۔ in simple lyft first taking 24% plus 30% become 54% straight that means more fare decrease۔
On other way if they charge like amount plus tax then then 24% will be like tax then I can say excellent as lyft care for drivers۔ so let be clarify it amount plus tax then good۔ But if amount include tax then fare have gone down۔ this very simple so confirm it۔ regarding deactivation I like it and highly appreciate because all drivers are not bad n all the riders are not good۔ finally I will check any new features will impact drivers earnings wether its making more or worse then current fare۔
All good, that's the floor, doesn't mean that is the average
basically if a passenger pays $10 you only get $5.32...because from the fare they take out expenses which is $2.40 so you're left with $7.60 less 30% for lyft...that 30% is still too high...10-20% is the acceptable range...
💯💯
The .24 cents is what they need to cover all the new drivers that start and realize it's not worth it and they keep getting more and more drivers. I'm sure the new drivers our have more accidents cause insurance rates to go though the roof . While I have invested in doing rideshare and I'm not leaving any time soon since I'm 61 and not going to start over plus I love the job just not the 50 cent a mile trips . I fancy myself as driver with high ratings but my A/R is so low I can't get filters on Uber though I get more rides and make more on Uber . Lyft I love and keep crisp and clean and only use when I have a promo and to get out of a spot fast .
It actually left me with more questions and answers. Most importantly, how do I know this is not another bait and switch by Lyft? Second of all, during the appeals process will the driver be suspended meaning the driver, cannot access the platform, take/recieve trips, and essentially guilty until proven innocent? Also I understand Sergio is just the messenger and he has proven himself despite the nay sayers calling him a fence sitter and a shill. I am reasonable and have decency to see when people do their best. It is the companies actions and intentions I question. We have been let down so many times and have had the rug pulled from under us that now when they show me who they are, I believe them.
So we are looking at around 4% more cut from the passenger pay after the change.... at the lowest
No mentioned of increased driver pay? Hmmm it must be unofficially then. My last 100+ rides have increased in pay to driver. SF market.
I'd be happy if they had responsive support for the drivers when you had an issue of somebody would listen rather than be an IA bot and feed you canned information
Charge more so we can get paid more. $50 trip should guarantee us for example $40. 5 dollar out of each trip one person alone is a lot of money for them mind you there's 50k drivers plus
They need more competition. Support “ Fare Coop “ and “ Teleport “. These are new start up ride share. Teleport is on X
Of course they need to do it in March we are going to get correctly classified supposedly...
UK drivers get paid hourly and benefits and paid time off only Uber in the UK I don't think Lyft is over there yet.
Thus is why Uber switched to BOOKED TIME instead of ONLINE TIME... so Uber can get away with paying you less... more shenanigans.
They should be required to pay this benefit retroactively.
When is this supposed to start ?
My unjust deactivation for self defense from 6 years ago I want to appeal!!!!
You should have moved on after 6 years.
I want it in writing and signed by Mr Rischer.
Dfw market sucks, I'm hella broke and desperate at this point so I'm stuck doing this just to stay afloat. Used to make great money and now all this crap isn't justified. Looking for a job asap like if find something today I'm done
Thanks Sergio for the good work. Well transparency is good but at the same time we need to look at the actual numbers. This is another bingo game Lyft is playing and to me it’s not making so much of a difference when it comes to driver pay. With these numbers the driver is left with 53.2% of what the passenger paid. I agree with you that 24% is very high to begin with.
Here’s the math.
Say passenger paid $100.
Lyft expenses=$24.
driver pay= 70% of $76= $53.20.
Every $100 driver gets $53.20 and this right here is concerning to me.
This also gets me curious to know what was the take before the changes!
💯💯💯you got the math right, one difference, that's the floor, doesn't mean you'll only get 53 cents of each pax dollar
Yesterday the Uber drivers at DFW went on strike.. it was crazy in the queue ..but a good kind of crazy
What happened? I drive overnights so didn’t experience any of that at DFW or Love. What did the apps do and did you see most drivers participating or were there too many scabs?
@@TheFriscoBassAce Hey Frisco Bass.. AKA fellow DFW driver.. yes I pulled into the queue yesterday about 1:00 and it was intense... the drivers are passing out flyers and then as it got later like around 6:00 or 7:00 police were surrounding the place to control traffic in and around the queue... very few drivers drove last night and they're having the event again on the 18th of this month..
I'm so glad things are getting stirred up not only at DFW but Across the Nation about how Uber and Lyft are ripping their drivers and passengers off ..enough is enough!!! Stay safe.. try to make lots of money!!! Stay in touch
@@sheag6200 thanks!