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Lyft Direct Powered By Payfare vs Solo: Your Gig Business App Usage & Stats
Grow the money you earn on Lyft with cashback and other perks
Designed exclusively for drivers on the Lyft platform, the Lyft Direct app gives you access to financial tools that help you manage your money.
• Instant Payouts: Get your earnings immediately after each ride directly into a secure bank account.
• Earn Cashback: Receive 1-10% cashback on gas when you pay at the pump, 1-12% on EV charging and additional rewards on groceries, dining, and more.
• Wellness Perks by Avibra: Active drivers unlock free life and accident insurance, support for your well-being, and more.
• Grow Your Savings: Set up automatic savings with a high-yield savings account that earns you interest.
• Balance Protection: Access $50-$200 to cover unexpected expenses when you need it most.
• Spend Insights: Monitor your average daily or monthly spending and allows you to create custom budgets.
The Lyft Direct Mastercard® debit card is issued by Stride Bank, N.A., member FDIC, pursuant to a license by Mastercard International.
Ride fare earnings will be sent after each ride. There may be instances where funding is delayed. Tips will be sent based on the Rider’s selection, which may take place up to 24 hours after the ride is completed.
Rewards categories and amounts subject to change without notice and vary based on Lyft Reward Tier. Cashback rewards are earned for select purchases using your debit card and become available for redemption as those purchases settle. For cashback on gas, only payments made at the pump are eligible.
Payment for gas made inside the gas station is not generally eligible for cashback. Gas merchant classification is subject to Mastercard rules.
Wellness Perks is powered by Avibra and subject to eligibility for active Lyft Direct users. To be considered active, you must have received a payout to your Lyft Direct card within the last 60 days. Wellness Perks are subject to change without notice; select services are limited by state residency.
Interest is offered only on funds in a Lyft Direct Savings Account. The annual percentage yield (APY) may change at any time without notice.
Balance Protection is only available to Lyft Direct debit card users with enabled instant payouts to the card after every trip. Eligible amount is dependent on the driver's Lyft Rewards tier. Eligibility requirements for Balance Protection subject to change without notice. Terms and conditions apply. Lyft Direct Cardholder Agreement and Payfare Program Terms can be found in the Lyft Direct app.
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Work with Uber, Doordash, Instacart, Amazon Flex or other gig jobs? Take the uncertainty out of your app based gig work with insights, tools and guaranteed daily pay from Solo.
Solo seamlessly connects your work accounts to a single app so that you can manage your income, track your expenses, project your taxes and guarantee your daily pay. If you optimize your schedule using Solo’s pay predictions and earn less, we’ll pay you the difference.
How does it work?
Download the app and link your gig work accounts
Start tracking your income, expenses, estimated taxes and access personalized pay predictions
Save thousands on taxes and earn up to 20% more per week
FEATURES
PAY PREDICTIONS & DAILY GUARANTEES
We crunch the numbers using real earnings data from the Solo community in your city. This allows Solo to produce pay predictions by hour and by job that you can use to optimize your schedule. When you schedule your work using these predictions, we guarantee your daily pay. If you make less than what we predicted, we’ll pay you the difference.
INCOME INSIGHTS
Manage your income from all of your gig jobs in one place to understand where you’re earning the most and how you compare to others in your city.
MILEAGE TRACKING
Automatically track your driving miles so that you can maximize your deductions and save thousands of dollars come tax season
TAX PROJECTIONS
Don’t be surprised come tax time - know what your estimated tax amount may be so that you can prepare ahead of time. *Solo only provides a projection for the income & expenses you track through the Solo app. Your actual tax liability may be different and you should consult a qualified tax professional.
LEADERBOARD
Curious how you stack up? Check out the earnings leaderboard to see how you stack up relative to other Solopreneurs
MARKETPLACE
Know you’re making the most with your time by seeing the hourly rates and weekly trends for gig jobs in your city
IMPORTANT LEGAL STUFF
Terms of Service: https://www.worksolo.com/terms-of-use
Privacy Policy: https://www.worksolo.com/privacy-policy
Pay Guarantee Terms and Conditions: https://www.worksolo.com/pay-guarantee
Solo is not a financial advisor. All information provided by Solo’s application is for informational purposes only. For tax advice and preparation, please seek advice from qualified/certified professionals.
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Lyft Direct Powered By Payfare VS.
Solo: Your Gig Business App
January 6, 2025