Uber only accepts payment via credit card, debit card, Paypal and Venmo in most cities. Uber recently piloted a cash option in select cities. To find out if the pilot is available in your city, open the Uber app and select the ‘payment’ option from the main menu.
Lyft is completely cashless. Accepted payment methods include: American Express, Visa, MasterCard, Discover, debit cards tied to checking accounts, and prepaid cards. Passengers may also use PayPal (for iOS and Android users), Apple Pay, and Android Pay.
The Uber and Lyft apps allow riders to show drivers their appreciation with tips following completed rides. Both apps provide receipts of ride fares that allow riders to rate their drivers and include tips. Lyft riders can add tips to their receipts up to three days after completion, while Uber allows tips up to 30 days after ride completion.
Uber Uber driver-partners keep 75% of every fare with the company taking 25% to maintain the app and administrative costs. Driver-partners also keep 100% of any tips given by riders. Lyft A Lyft driver can expect to keep 75% to 80% of each fare along with 100% of tips. This variation in payments depends on regional fares […]
Uber and Lyft do not charge service fees on tips provided by riders through the app. The service fee applied to each ride takes money out of the standard fare instead of the tip.
There are no rules or restrictions on cash tips to Uber and Lyft drivers. Both apps also offer tipping for each ride following completion.
The Internal Revenue Service (IRS) and state revenue agencies typically treat tips as taxable income. Uber and Lyft drivers are responsible for tracking tips to provide accurate accounting of their incomes.