Bolt only charges 15% commission on all completed trips, excluding booking fees and tolls.
Currently, all deductions are shown in the driver app as Commissions. Hence, it may appear that we are taking more than 15% commission.
The Commission breakdown is explained below:
Flat Fee Deductions
- Passenger Service Levy Fee: All riders are charged $1.10 per trip specifically for the Passenger Service Levy. This fee is $1 + 10% GST. This amount is directly collected and passed on to the NSW government and is collected on all passenger fare trips taken in NSW, including taxi, hire car and rideshare. Bolt deducts $1 per trip from the driver as the driver is responsible for remitting the GST component.
- Booking Fee: All riders are charged with a flat booking fee of $0.55. This is $0.50 + 10% GST. This fee covers Bolt's operational and compliance costs. Bolt deducts $0.50 per trip from the driver as the driver is responsible for remitting GST component.
Hence, total flat fee deducted from the gross earnings of a driver is $1.50 per ride. This, however, is bundled under Commission.
Pro Rata Deductions
- From the 1st April 2018, the NSW government implemented the new Compulsory Third Party insurance scheme to collect an additional $0.10 per kilometre charge on ridesharing trips. This is $0.10 including 10% GST. This fee is directly forwarded to relevant parties. Riders are charged this excess fee and it is not calculated as excess income.
All fares already include the Passenger Service Levy Fee, Booking Fee and CTP Fee. These will be shown as a separate deduction and are not associated with your earnings. These fees are charged in addition to Bolt fare prices. The Passenger Service Levy Fee and CTP fee are directly forwarded to the NSW Government.
A breakdown is shown as part of the deduction summary in your monthly invoices:
App orders refer to Bolt Commission whereas Booking fee is the sum of Passenger Service Levy Fee, Booking Fee and CTP Fee for all trips within the time frame stated in the invoice.