With Uber, Lyft, and other ride-sharing companies on the rise, using an app to get from point A to point B has become the go-to for Millennials and people all over the world. Seeing how popular ridesharing has become and how the growth of ride companies has permeated into every corner of our economy, it is helpful to know the costs of each company. Here are a few of the top companies, and how they stack up against each other.
Based in San Francisco, CA, Uber operates in more than 300 cities globally, and is one of the best known icons in transportation technology. Uber's pricing model entails a $2.40 base fee, a $1.00 "safe ride" fee, $1.85 per mile, and $0.30 per minute added on. The minimum Uber fee for a ride is $5 (which also means that a $5 cancellation fee is applied if the ride is cancelled.) On top of this, Uber uses "surge pricing" when there is high demand for rides, thus charging riders more and incentivizing more drivers to work during this time. With the way that it is designed, Uber's surge pricing will gradually rise as the demand for rides rises, and then decrease as demand decreases. The customers are notified that this type of pricing is in effect.
Also based out of San Francisco, CA, Lyft is the second most popular transportation app in the area. It currently works out of 65 cities in the US, with plans to expand. Lyft's rates are similar to Uber's: a $2.40 base rate, $1.85 per mile, and $0.30 per minute. Lyft's "safe ride fee" is higher, at $1.55. It's cancellation fee is also $5. Lyft's Prime Time pricing entails a fee that is three times its standard fare rate, at maximum.
Based in Berlin, Germany, Blacklane currently operates in 50 countries. Blacklane's pricing model entails a set fixed rate depending on the day, time and date. Then, Blacklane makes the ride available to the driver to accept, first offering a lower rate which increases over time. The price will increase until a driver accepts the trip. Thus, the company profits based on the difference between the accepted rate and charged rate, minus any applicable taxes.
Via is headquartered in New York City. The company promotes itself as a cost effective alternative to subways and other forms of transportation. Via is known for its quick pick up times--usually 5 minutes or less. If you pay "on the spot," Via charges a flat $7. If you pay with its pre-paid debit card, the fee is only $5 per ride, in addition to tax.
Gett is an Israel-based company and operates largey in New York City. One of its main appeals is that it offers a flat rate between any two given points in the city. The rates are stated before the ride, so that the passenger knows what the cost will be. This makes them stand out from other ride-sharing companies, who prices are indicated either during or after the ride.