LYFT INC on your bank statement is a transaction descriptor for Lyft, a travel company. Lyft is a ride-sharing service in the US and Canada. A charge is usually a ride plus any tip, so amounts vary, and a recurring amount may be a Lyft Pink membership.
LYFT INC is a transaction descriptor for Lyft, a travel company.
Lyft is a ride-sharing service in the US and Canada. A charge is usually a ride plus any tip, so amounts vary, and a recurring amount may be a Lyft Pink membership. For UK cardholders a Lyft charge usually relates to travel in North America, and entries read LYFT.
This code appears on your bank statement because banks display a short payment reference — set by the merchant's payment processor — rather than the company's full trading name. The code LYFT INC is the official identifier that Lyft registered with Visa or Mastercard.
Lyft is a well-known, legitimate company. Most charges from this merchant are authorised and relate to purchases or subscriptions you signed up for. If you don't recognise the charge, check your email for a receipt or log into your Lyft account to review recent activity.
Lyft may also appear on your statement as:
LYFT INC is a bank statement transaction code for Lyft, a travel company. Lyft is a ride-sharing service in the US and Canada. A charge is usually a ride plus any tip, so amounts vary, and a recurring amount may be a Lyft Pink membership. For UK cardholders a Lyft charge usually relates to travel in North America, and entries read LYFT. This descriptor appears because banks display a shortened payment code instead of the full company name.
Lyft is a well-known, legitimate company. Most charges from this merchant are authorised and relate to purchases or subscriptions you signed up for. If you don't recognise the charge, check your email for a receipt or log into your Lyft account to review recent activity.
LYFT INC appears on your statement because Lyft processed a payment through their card payment provider. The code is set by their payment processor and is the official descriptor registered with Visa or Mastercard. Common reasons include a subscription renewal, a one-off purchase, or a trial period that has converted to a paid plan.
To stop LYFT INC charges from appearing on your statement, you need to cancel your Lyft subscription or account. Log in to the Lyft website, go to your account settings, and cancel your subscription. If you cannot find the cancellation option or do not recognise the charge, contact your bank to dispute it and block future payments.
If you believe you have been charged incorrectly by Lyft, first contact their customer support to request a refund. If they are unresponsive or unhelpful, contact your bank and ask to raise a chargeback. You typically have up to 120 days from the transaction date to raise a chargeback claim. For credit card purchases over £100, you may also be protected under Section 75 of the Consumer Credit Act.
For more information about Lyft and all its known transaction codes, visit the Lyft merchant page.