1. Connecting Your Stripe Account
Before you can set up Fleet Payments, ensure your fleet’s Stripe account is connected. If not:
Follow the instructions to connect your Stripe account. Once connected, you’ll see the status: Fleet Stripe account connected.
2. Configuring Payments
On the Fleet Payments page, you’ll find the following options:
Payments Toggle
Enable Fleet Wide Payments: When this toggle is enabled, all trip payments conducted by drivers in your fleet will be automatically paid out to the fleet owner’s connected Stripe account. This simplifies payroll and ensures faster fund distribution.
Driver Payouts Toggle
Enable Driver Payouts: When this option is enabled, trip payments are automatically split between the fleet’s connected Stripe account and the driver’s Stripe account.
Example: A driver receives their share directly without additional payroll tasks.
If disabled, all payments will go to the fleet’s Stripe account, requiring manual payroll processing by the fleet owner.
Driver Payout Percentage
Use the slider to set the percentage of each fare that drivers will receive as their payout. The remaining percentage will go to the fleet’s Stripe account.
For example, if set to 90%, on a $100 fare, the driver receives $90, and the fleet account gets $10.
After configuring the percentage, click Submit to save your settings.
3. Payout Distribution
The Payout Distribution section provides a visual breakdown of the fare distribution for trips, including:
Driver Share: The percentage and amount paid to drivers (e.g., $85.05).
Fleet Share: The percentage and amount retained by the fleet (e.g., $9.45).
Platform Fee (5.5%): MeterApp charges a 5.5% platform fee on all fares processed through the platform. This fee covers payment processing, customer support, and ongoing development of new features.
4. Drivers Stripe Status
At the bottom of the Fleet Payments page, you’ll see the Drivers Stripe Status section:
This table lists all drivers associated with your fleet, their email addresses, and their Stripe connection status.
A green Connected indicator means the driver’s Stripe account is successfully linked. If not, prompt drivers to connect their Stripe account to receive payouts automatically.
5. Additional Notes
Read More: Click the Read More link in the Payments section for detailed explanations about payment processes and payout management.
Ensure all drivers in your fleet have their Stripe accounts connected to enable automatic payouts.