In September 2018, Uber announced the rollout of a new payment option – Uber Cash.
Uber Cash was designed to transform the way Uber customers pay for services across the Uber ecosystem – from bike sharing to food delivery and rideshare. But what is Uber Cash and how does it work? And more importantly – should you be using it?
Below, we’ll dive into how Uber Cash works and what benefits it can provide Uber users to help you better understand whether it’s right for you.
What Is Uber Cash?
Uber Cash is a new payment option Uber rolled out earlier this year. Marketed as “the smart way to pay for Uber,” this payment option allows users to add funds to their Uber account upfront to pay for Uber rides and Uber Eats deliveries.
The purchased funds don’t expire, and Uber offers discounts based on how much money users add to their balance. (But more on that later.)
Users can add funds to their account using a variety of payment methods, including debit card, credit card, PayPal, and Venmo.
Any Uber credits that a user receives, including Uber gift cards, Visa Local Offers credits, and customer support funds will also be added to the user’s Uber Cash balance to be used on future Uber purchases.
Overall, Uber Cash gives its users a seamless way to pay for Uber services. As Uber begins to expand its services in the coming years, this payment option will offer a single payment method that’s easy for users to load and use.
How To Add Uber Cash To Your Uber Account
To load up your Uber Cash balance, follow these steps:
- Open the app menu and tap on Payment
- Tap “Add funds”
- Choose the amount you want to load
How To Use Uber Cash
To use Uber Cash when requesting a ride:
- Open the Uber app and choose a destination
- Before requesting your ride, change your payment method to Uber Cash
- Complete your ride request
Should You Use Uber Cash?
Using Uber Cash as a payment option will really depend on your own unique preferences and circumstances. To help you make a smarter decision, we’ve put together a list of questions that will help you better understand if Uber Cash is right for you:
How Often Do You Use Uber?
If you only use Uber once or twice a month, then Uber Cash may not be the best fit for you. However, for those that often use this ridesharing service or order from Uber Eats on a regular basis, Uber Cash can provide attractive benefits. Uber offers a discount based on how much you add to your balance:
- 5% discount when you add $100
- 3% discount when you add $50
- 2% discount when you add $25
If you find yourself using Uber services often, then utilizing Uber Cash payments gives you the opportunity to take advantage of some serious savings. Not to mention, you can plan ahead by allocating funds to your Uber budget, ensuring the money is there when you need it.
Do You Use Other Uber Services?
Another benefit of Uber Cash is that it allows you to pay for all of your Uber services from one convenient account.
That means that if you are using more than one Uber service, you don’t have to load multiple credit cards or deal with paying from multiple sources. This feature makes Uber Cash a great option for individuals who use more than one Uber service.
Is Convenience Important to You?
When it comes down to which payment option you should use for your Uber services, consider which is most useful for you.
Uber Cash was developed to be a convenient option for customers who often use rideshare and other Uber services. If convenience is important to you, then the ability to pre-load funds and pay for all of your Uber services, including tipping drivers, from one account may be appealing.
Uber Cash also offers the ability to auto-refill your account when the balance drops below $10 so that you never have to worry about whether or not you have the funds in your account to pay for Uber services.
Now that you know what Uber Cash is and who should use it, it’s time to make the choice for yourself. You can reap the benefits of using one convenient account to pay for all your Uber services or continue to pay for individual trips and deliveries with your credit card. The choice is yours!