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Driving for Uber vs Taxify: Which Pays Drivers & Investors More

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Uber and Taxify (now called Bolt) are the world’s largest ride-hailing companies. And if you are wondering which among these two giant pays drivers more, or which pays investors more when you have gone through this article, you will better understand which is the deal. So the game between Uber vs Taxify shall begin now.

Is it Uber Or Taxify that Pays Drivers More?

This is without doubts a big package to tear open just quickly. Nonetheless, we shall tackle it bit by bit. We will first understand how the prices of Uber and Taxify trips are determined from where we will then move to how much percentage of the trip fare is taken by drivers. Following these, we will therefore give our verdict.

So, the prices and fares of Uber and Taxify is determined by the following factors, although not limited to these:

  1. Distance
  2. Base
  3. Time
  4. Extras, which could include tolls, surge pricing and so on.

However from these factors, Uber or Taxify (Bolt) will be able to calculate how much the fare will be.

Now, how much percentage of these trip fares does the Uber or Taxify driver gets?

Actually, the amount or the earnings of the drivers taken by the companies vary, and from what we found out, Uber takes between 20% to 30% of the drivers’ earnings while Taxify (Bolt) collects between 15% to 20% of what the drivers get.

From the above you will simply know that Taxify drivers have a better chance of making more money than Uber drivers. But does it really end at that?

Uber is more popular, although more expensive than Taxify. Thus, chances are that Uber drivers will get more passengers than their Taxify counterparts. And from the price-war that has been going on between the two rivals, it seems the market is shared equally, but Taxify is still getting heavier day after day.

What Is Our Verdict Between Uber vs Taxify?

It may be obvious what we have to give as answer. But from the above we can say that Taxify drivers get more money cuts than the Uber drivers.

Uber takes more cut from their driver-partners than Taxify does. Taxify also does promotional price beat offers that actually cuts down the cost of trip fares.

Which Pays Investors More between Uber and Taxify?

On another hand, not all who drive for Uber or Taxify has their own car. Some investors invest cars (fleet owners) into the business, while the company now hands them over to worthy drivers.

But which of these ride-hailing companies pays these investors more?

The truth however remains that what you will earn as a car owner is dependent on the quality or type of car you are investing into the business. Obviously, the better the car, the higher the amount you earn per week.

The amount a fleet owner will get either on Uber or Taxify also depends on how well the driver works. We found out that fleet owners on both companies can make up to N40, 000 per week and a minimum of N30, 000 per week.

Conclusion

If you have really been with me from the beginning of this post, I just believe you have come to understand which between Uber vs Taxify, that pays drivers and investors better. Do not hesitate to throw in your questions in the comment section and we will appreciate your feedback and suggestions.

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