Are you a Lyft or Uber driver? Whether you are new to the business or have been in the ride-sharing industry for a while, there are some answers you are always seeking. The companies regularly change their policies, but the answers provided below are the most up-to-date. What You’ll Learn Toggle 1. Can You Make Money Driving For Uber/Lyft?2. How Can an Uber Driver Cut Expenses?3. Is Uber Driving Profitable?4. How Often Does Uber Pay?5. How Much Do Uber Drivers Make A Week?6. How Much Does Uber Eats Pay?7. Is Being An Uber Driver Safe?8. Do Uber Drivers Get Paid Immediately?9. Do Uber Drivers See Tips?10. Do Uber Drivers Know Who Rated Them?11. Do UberEats Drivers Get Tips?12. Do Uber Drivers Rate Passengers?13. What Is The Average Uber Driver Rating?14. Does Uber Tell the Driver the Customer’s Destination?15. Can Uber Drivers Choose Destination?16. What Does Waybill Mean on Uber?17. Can Uber Drivers Bring a Friend?18. Can You Work In Multiple Cities With Uber?19. Can a Customer Request for a Specific Uber Driver?20. How Does Uber Make Money?21. How Do Uber Drivers Pay Taxes?22. Is Driving for Lyft Or Uber Better?23. What Percentage Does UberEats Take? 1. Can You Make Money Driving For Uber/Lyft? Expenses vary widely, but can on average subtract 20% to 30% of your gross earnings driving for Uber. Lyft drivers in a survey made $17.50 per hour before expenses and reported much higher satisfaction than Uber drivers. You can join Uber Eats and make more money. 2. How Can an Uber Driver Cut Expenses? Uber drivers’ biggest expense is with the car. Once they figure out how to use the car with minimal expense, they make more money. Smart drivers are increasingly adopting technology like GOFAR that helps them to; Track the car mileage for tax deductions Alert them when the car has a fault Explain the car faults in plain English Remind the driver of Registration and Insurance Connect them to top-rated mechanics and parts suppliers Save fuel by finding the engine’s sweet spot Such characteristics make GOFAR the perfect gift for any smart driver. Click here to learn how you can increase your gas mileage and save up to 30%* on fuel expense each year. 3. Is Uber Driving Profitable? Earnings vary for Uber drivers on a city-to-city basis. However, research shows that the average driver earns $8.80-$11 per hour of driving for Uber after accounting for driving expenses. 4. How Often Does Uber Pay? Uber’s pay period starts on Monday at 4 AM and comes to an end the following Monday at 3:59 AM. You can view your weekly earnings under Pay Statements on your dashboard. Uber also sends you an email with a link to your payment statement every Monday. 5. How Much Do Uber Drivers Make A Week? The average hourly rate is $8 after expenses. So if a driver works a 40 hour week, he will make a total of $320. 6. How Much Does Uber Eats Pay? Although the earnings can vary from day to day, drivers can make between $8 and $12 after expenses. To make more money, you should try to work during the lunch and dinner peak times. 7. Is Being An Uber Driver Safe? Yes. It’s safe for women, just as it’s safe for men if they are smart and protect themselves. Let’s face it, all of these things are true for all drivers, and everyone can benefit from having some safety tactics in place before deciding to drive with Uber or Lyft. 8. Do Uber Drivers Get Paid Immediately? Uber drivers are paid each week on Wednesday or Thursday via direct deposit (ACH). If you are eligible for Instant Pay, the system will allow you to withdraw earnings per ride or per day. 9. Do Uber Drivers See Tips? An Uber driver cannot see the tip amount until he rates the passenger. Once an Uber driver completes the ride by swiping, the next screen is the passenger rating screen. After evaluating the customer, he can see if he was tipped or not. This setting ensures a driver does not give the customer a bad rating just because he was not tipped. 10. Do Uber Drivers Know Who Rated Them? Uber provides its drivers with information as to how they have been rated, but not by whom. The information is detailed enough for the smart drivers to know who gave them the lousy rating. But to minimize those lousy ratings, you can embrace ways to improve a customer’s riding experience like having various essential tools in your car. 11. Do UberEats Drivers Get Tips? Photo courtesy of Flickr Images by Dennis Yang The UberEats app has an in-app tipping feature. In most cities, tipping the food delivery driver is as an acknowledged practice. The customer can decide whether to tip you or not once the order is complete. Drivers confess to getting either cash tip or in-app tip for almost all the deliveries they make. 12. Do Uber Drivers Rate Passengers? “After each trip, riders and drivers are given the opportunity to rate one another based on their trip experience,” says Uber on its website. 13. What Is The Average Uber Driver Rating? The average rating in major cities around the world is 4.80. A fall below 4.6 is considered low and may lead to deactivation. A majority of riders give the drivers a 5.0. Having a few essentials like an extra phone charger and wet wipes in your car is among the easiest ways to earn five stars from your customer. 14. Does Uber Tell the Driver the Customer’s Destination? No. Whether the customer is going one block away, or 90 miles away, Uber and Lyft prevent drivers from seeing the passenger destination until they confirm picking up the customers. The app knows where you’re going, and you know where you’re going. 15. Can Uber Drivers Choose Destination? Uber Drivers can now pick up riders headed in the same direction as them. This feature on the app helps the drivers to filter requests so that they only get the requests from customers traveling in the same direction. 16. What Does Waybill Mean on Uber? The Waybill is a part of the mobile application which Uber provides for its drivers. That particular section tells the driver a ton of information about his/her last trip to comply with city regulations, Uber’s insurance coverage information for the trip as well as a link to the certificate of insurance. 17. Can Uber Drivers Bring a Friend? Many Uber drivers have been deactivated for just having their spouse in the car when giving a customer a ride. Most riders will not report you for this, but if you happen to have an Uber staff as a passenger, be sure he is going to report you. 18. Can You Work In Multiple Cities With Uber? Each country has its laws and regulations relating to where a vehicle may pick or drop a passenger. Read the road rules and regulations of the country you are offering the ride-sharing services to avoid getting in trouble with the authorities and ultimately with Uber when they do their background check. 19. Can a Customer Request for a Specific Uber Driver? The Uber app cannot match you a customer with a specific driver. When a customer puts a request for a ride, the app sends the request to nearby drivers to pick the customer up at his/her pickup location. 20. How Does Uber Make Money? Uber makes its money from taking a cut of the fees paid by the riders to the drivers. The company has other secondary sources of income such as advertising on its website. All Uber’s transactions are done inside the app, unlike the traditional taxi service where customers hired the driver and the vehicle and paid reservation for the ride. 21. How Do Uber Drivers Pay Taxes? Every year, Uber will file returns with your country’s tax authority reporting how much it paid you. When the driver submits the tax returns, he has to declare similar income and then pay both income tax and self-employment tax. Of course there are many allowable deductions that will reduce the amount of tax you pay. 22. Is Driving for Lyft Or Uber Better? Photo courtesy of Flickr Images by Stock Catalog Uber provides its drivers with a big signup bonus but takes a higher cut per ride compared to Lyft. Uber is more popular around the world and therefore has more customers. Unfortunately, the competition among the drivers is also high. Drivers on Lyft make money per hour due to better tips, smaller cut and better prime time pricing. 23. What Percentage Does UberEats Take? Uber will be requesting a 30% cut of the bill on orders they deliver. This cut is higher than websites such as Seamless and GrubHub whose fees are in the range of 12% to 24 %. Uber has an advantage in that it provides the drivers whereas the other websites just handle the food order. The restaurants have to hire the drivers to deliver the food. The Uber brand is also well recognised.