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How do on-demand services (Uber, GrabCar and the likes) handle cash payments from clients to their contractors? How do they get their cut from the revenue?
I was wondering, how do on-demand services like Uber and GrabCar handle cash payments from clients to their contractors? And how do they take their cut from the revenue?
When it comes to cash payments, typically the client pays the driver directly. The driver then has to give a percentage of that payment to the company as their service fee. This can either be done through a cash drop off at a specific location, or through a digital system.