Based on a recent survey by GlobalWebIndex, 55% of the 1,050 Malaysians polled, said they spend more time in traffic congestions compared to last year.
This makes any convenient, safe and affordable public transportation a boon for Malaysians, because no one wants to be behind the wheel, bumper-to-bumper, every single day. So, what better way to earn some cash offering a service that most Malaysians need?
With Uber and Grab launched in Malaysia in recent years, Malaysians can now make use of these platforms to earn some extra cash.
You need not quit your job to work as Uber or GrabCar drivers, however, with limited time on your hand, you will need to figure out which company pays you more for your time.
GrabCar Economy also has additional terms such as driver cancellation rate not more than 12%. However, bookings cancelled by passengers will not affect weekly driver cancellation rate. The trips calculated for incentive is only based on the weekly unique passenger count.
Yes, there seems to be quite a lot of terms and conditions to contend to for both Uber and GrabCar. The clear difference we can see is UberX incentivise by the hour, while GrabCar Economy goes by the trip/job.
The significant difference between GrabCar and Uber is, Uber incentivise its drivers based on hours, while GrabCar incentivise based on unique trips, which makes the incentive more attractive. To make the most out of the incentive structure, GrabCar drivers can pick up more short trips to make more incentive.
The other factors
iMoney has always advocated value. The same goes to your side-income gig.
Passenger rating
Sometimes we meet bad drivers, while other times we meet terrible passengers. This goes both ways, and Uber recognises this. To protect its drivers, the app allows both passengers and drivers to rate each other.
Grab, on the other hand, only allows passengers to rate the drivers. Uber drivers can view the rating of a passenger before deciding to accept the job.
Destinations
One downside to Uber is, its drivers are unable to view the destination before accepting a job. This makes it hard for drivers to plan their trips and earnings when they are online.
Unlike Uber, Grab gives you the destination of your passenger, so you will be able to gauge the estimated fares, and also avoid destinations that you are uncomfortable going to. This can give you a clearer idea on the driving strategy.
With today’s high cost of living, every Ringgit counts. To keep up with a comfortable lifestyle, you may need a source of extra income, and driving for Uber and Grab may be your answer to that.
Other than analysing the earnings schedule and rates, it also pays to balance whether the earnings will cover all your petrol and car maintenance cost at the end of the day.
Fares and incentives for both platforms change periodically, and you may need to reconsider which platform to drive for in order to make the most of your time.
