Unless you’ve been living under a rock, you’re likely to be familiar with Uber, but becoming an Uber driver can be a great side gig.
Uber has over 3 million drivers operating around the world. You need to meet the Uber requirements, but you can earn some serious cash even if you don’t want to work peak hours.
Uber takes 20 percent of the ride fares that are booked through the app, and your customers pay and tip using the app, so you don’t need to worry about carrying cash.
You do need to upload your paperwork to confirm your driving eligibility and provide vehicle details, but once everything is approved, you can manage your fares through the app and start making money.
With the popularity of Uber, it was inevitable that more apps and services would arrive and Lyft was founded in 2012.
Driving for Lyft can be a decent side gig or with some dedication, a full-time income. The fares are broken down into the basic fare, the cost per minute and cost per mile.
The app bills the passenger the basic fare to start the ride, and you need to tap the app after you arrive to start earning the cost per minute.
Your fares can also include Prime Time, which is an extra charge for the customer when it’s busy, or there are fewer drivers available. You can also earn tips from your passengers.
Lyft takes between 20 and 25 percent commission, and you can get paid in one of two ways; a weekly checking account deposit or Express Pay that loads on to your debit card.
Express Pay automatically loads your debit card when you reach $50 in earnings, but there is a small transfer fee.