Via is growing more everyday and we want to make sure that our Driver Partners share in that success. During times of high demand, Via Driver Partners can earn more in fares than earned by hourly rate guarantees. In these cases, Via wants to share part of these extra profits with Driver Partners by offering revenue-based payments!
If revenue earned from your fares, less Via’s Commission, is higher than your weekly guaranteed payments, then you will earn the higher amount, called Revenue-Based Payments. In this case only, the Via Commission will be 32.5% (for weekly guaranteed earnings, the Via Commission will continue to be 10%). If your take home net earnings from ride revenues are lower than the your net earnings from guaranteed hourly rates, then you will continue to earn your guaranteed hourly rates, as usual. Not to worry – guaranteed hourly earnings are here to stay, as always, with Via.
Revenue-Based Payments means more upside and earnings potential for Via driver partners: have the chance to earn even more when demand is high, but you can always count on your guaranteed hourly earnings. It’s that simple, no strings attached.
When do you earn Revenue-Based Payments?
Earn Revenue-Based Payments when your total weekly fare revenues, minus Via’s Commission, are more than what you would otherwise earn with regular guaranteed hourly rates.
Earn Guaranteed Hourly Rates when your total take-home weekly guaranteed hourly earnings, minus Via’s Commission, are higher than potential revenue-based payments.
Weekly Earnings: Earn Guaranteed Payments
Weekly Earnings: Earn Revenue-Based Payments
FAQs
How do Revenue-Based Payments help me make more money?
If, after a 32.5% commission, the revenue from your weekly rides is more than the earnings from your Guaranteed Hourly Rates, you’ll earn the higher Revenue-Based Payment. By adding Revenue-Based Payments, Via is increasing the ways in which you can earn even more with the Via System.
Is Via’s Commission on Guaranteed Hourly Rates increasing to 32.5%?
No. Via’s regular commissions of 10% still applies to normal guaranteed hourly earnings. The 32.5% commission only applies to Revenue-Based Payments.
Via Commissions are:
- Guaranteed Hourly Rates: 10%
- Revenue-Based Payments: 32.5%
(both include BCF Commission)
What is the difference between Revenue Based Payments and Weekly Guaranteed Earnings?
Your Weekly Guaranteed Earnings are what you’re used to seeing every week on your Weekly Pay Report. These earnings are based on your guaranteed hourly rates. Revenue Based Payments are based on ride revenue from all of your rides in a particular week. The actual payment will include a 32.5% Via Commission. To make sure you’re earning as much as possible, we’ll pay you whichever one is higher at the end of the week: your fare revenue (minus 32.5%) or your hourly earnings!
Here’s an example:
At the end of the pay week, John earned $200 with guaranteed hourly rates. During the week, John completed 55 rides. Since riders pay $5 per Via ride, John helped gross in $275 in ride revenue.
- John’s Guaranteed Hourly Rate Earnings: $200 – 10% = $180.00
- John’s Revenue-Based Payments: $275 – 32.5% = $185.63
Since John’s Revenue-Based Payments are higher, John will earn his Revenue-Based Payment of $185.63