Comment Re:Good. (Score 1) 121
It should be closer to cab costs.
The reason rides are cheaper is because if you call for one, the meter technically starts the moment the driver heads your way and does not end until that driver is back at their central spot.
In the rideshare world, the ride does not start charging until the driver is withing 2 minutes of the passenger pickup point, AND/OR the driver waits for five minutes to pick up the passenger. Should the passenger cancel or not show up at this point, they are charged $5. Lyft passes this on to the driver, while Uber keeps about $2 of it. At the point the passenger is charged ONLY for distance and time needed for travel. Once the ride is over the driver has to drive to another ride, or go back to a central point on their own dime.
The result in my town is that Taxis have lowered their rates, will do late night pickups, and take credit card to compete.
In the rideshare world, the ride does not start charging until the driver is withing 2 minutes of the passenger pickup point, AND/OR the driver waits for five minutes to pick up the passenger. Should the passenger cancel or not show up at this point, they are charged $5. Lyft passes this on to the driver, while Uber keeps about $2 of it. At the point the passenger is charged ONLY for distance and time needed for travel. Once the ride is over the driver has to drive to another ride, or go back to a central point on their own dime.
The result in my town is that Taxis have lowered their rates, will do late night pickups, and take credit card to compete.