Lyft Extends 70% Pay Standard to Drivers Nationwide
Lyft(LYFT) PYMNTS·2024-05-14 22:51
Ride-hailing platform Lyft said it wants to lift its driver’s earnings.Earlier this year, the company introduced a new standard for drivers, ensuring they will always earn 70% or more on fares per week, after external fees. If drivers are ever under 70% at the end of the week, Lyft pays them the difference.After launching this standard in 20 of Lyft’s top markets in February, the company is now offering the program to drivers across the country, according to a Tuesday (May 14) press release.“Lyft is the fir ...