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Hey drivers, use this to discover how much Uber and Lyft take from you

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Uber and Lyft keep changing how their drivers get paid. Along with all the confusion, some drivers are feeling short-changed. Now a new online tool is available that collects driver receipts and crunches the numbers to find out how much the ride-hailing apps are taking from drivers.

Transportation media outlet Jalopnik is investigating what it believes are unfair pricing structures, with Uber and Lyft taking as much as half of fares in some situations. Starting this week, the site is trying to collect as much driver trip payment data as possible. 

Uber’s average earnings — the amount it takes after driver earnings are deducted from what a rider pays — is 22 percent of a ride, globally. Lyft calls this a “platform fee.” On its website it describes it as “the difference between what the passenger paid and your driver earnings, tips, tolls, and other charges (like airport fees and taxes).” In Lyft’s IPO filing, Lyft revenue from all bookings (including e-scooters and bike rentals) was 26.8 percent. Read more…

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