Bolt charges a 15% to 20% commission from the final price per order depending on the city. Commission fee applies to both cash and card rides and cancellation fees. Commission doesn't apply to tips, bonuses, additional airport or toll fees.
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Bolt charges a 15% to 20% commission from the final price per order depending on the city. Commission fee applies to both cash and card rides and cancellation fees. Commission doesn't apply to tips, bonuses, additional airport or toll fees. Commission is calculated automatically and deducted from the weekly earnings.
As a ride-sharing app, Bolt charges drivers a commission for each trip. Compared to other platforms that provide the same service, this is still 10% less. Because of this price decrease, Bolt customers will pay less, and drivers will make more money.
The payment cycle runs from Monday 00:00 to the following Sunday at 23:59. If your balance is above the payout threshold, Bolt will send you/your fleet owner a payout during the first half of the new week. The amount paid out can take 1 - 2 business days to reflect in your account balance.
Bolt trip prices are set using the following parameters: Base fare — this is the fare without any other variables included; Distance rate — this takes the trip distance into account and is calculated per kilometre; Time rate — this includes the time taken and is recorded per minute.
Bolt's main advantage is the lower fees and commissions. The company charges 15 per cent commissions to its drivers – almost half compared to Uber – which means riders can also benefit from cheaper fares. However, don't be too quick to jump in a Bolt car.
Bolt DriversFollowing a successful trip, Bolt gets 25% to 20% of the entire amount paid per trip. It reveals that bolt drivers receive a larger share of the total payment (80 percent to 85 percent).