What is surge pricing? How have we implemented it? We’ve taken the factors that make the most sense to us from the way that Uber works and in our own fashion shown it in our Uber Clone Script. Take a look at how it works!
Uber Payments and Pricing
In most cities, Uber (Uber Clone Script Also) offers “upfront pricing”; the rider is quoted the fare that he or she will pay before requesting the ride. In some cities, Uber or the Uber Clone Script does not offer upfront pricing and instead calculates the price of a ride similar to a taximeter; the rider is charged based on the time and distance of the ride. Uber Clone Script also offers promotional rates on rides to/from certain areas at certain times. At the end of the ride, payment is made based on the rider’s pre-selected preferences, which could be a credit card on file, cash, or, in certain cities, other methods such as via Google Wallet or Airtel mobile wallet.
What is Surge pricing?
During times of high demand for rides, fares may increase to make sure those who need a ride can get one. For Uber Script Clone riders, surge helps ensure that pickup is available quickly and reliably. For driver-partners, surge means higher fares and a steady stream of ride requests. When you’re online, your app displays areas with high demand for rides in shades of red. The deeper the shade of red, the greater that area’s demand.
Factors that affect it :
DEMAND FOR RIDES INCREASES
PRICES GO UP
RIDERS WAIT OR PAY MORE
The surge pricing can be changed whenever by the administrator from the admin panel of the Uber Script Clone. For example, the price of the rides need to be hiked due to a certain demand in the city the admin can increase the price of rides from the admin panel with ease.
Uber Script Clone works ; Surge Pricing for a trip is based on the rider’s pickup location While you may receive a ride request while your vehicle is in a surging area, your rider’s pickup location may not be surging. When you receive a pickup request from a surging area, the trip request screen displays the surge multiplier. This surge multiplier applies to the base, time, and distance of the trip fare. Cancellation fees, tolls, and per-trip surcharges are not subject to surge pricing.
Here’s an example of what you would earn for a $10 trip fare with a surge rate of 1.5x: (Uber Clone Script surge pricing)
Surge multiplier of 1.5x = $5
Gross fare: $16 ($10 + $5 + $1 toll)
Your net payout for this trip would be $15 – the Uber service fee + $1.00 toll.
How we have implemented Surge Pricing?
We have built our apps with surge pricing that works very similar to Uber’s pricing(Uber Clone Script sure pricing). Amongst the many other features SURGE pricing is a vital one. Appoets – (Uber Clone Script )Depending on how far your driver is from your location, 3 or more drivers need to be in the location at the time of your request for the price to remain constant. If the customers pick-up location does not have more than 3 drivers in it, it will go into surge pricing automatically.
The factors that affect surge pricing are : The demand in a particular area goes up, when the demand increases the price of the ride increases accordingly. In these cases of very high demand, we chose one to start raising prices little by little to encourage more partners to get on the road so there are enough drivers available to respond to the requests. This system is called surge pricing. Whenever we raise rates due to surge pricing, we let riders know in the app. Some riders will choose to wait a few minutes to see if the rates go back down to normal. As more riders start waiting to request, the number of available drivers on the road increases until it once again closely matches the number of trip requests. At that point, we’re able to lower rates back to normal.
Timing is one of the main reasons, for example if your ride to a certain place costs $20 lets say at about 3 or 4pm. The same ride will cost about $40 from 12am to 4am. So, Depending on the time of your ride the cost of the ride can vary, usually the costs are low during the afternoon and they shoot up once the rush hour kicks in from 5 to 8 when there are most amount of people wanting to travel.
When prices are surging, you’ll see a multiplier to the standard rates. For example, you might see surge at 1.8x or 2.5x. This is how much your base fare will be multiplied by, so a fare that is usually $10 would be $18 when it’s at 1.8x Surge.
As you can see, the way our surge price works is similar to Uber’s. But, we do have a couple of differences. We’ve implemented what makes sense to us, increase in demand ; increase in price is a concept accepted all over the world. We took the facts that made the most sense and implemented it in our fashion. Once the customer logs into the application they are required to choose a pickup location and enter the destination. Using the source loacation the driver will be appointed, if there are less than 3 drivers available in your location it will step into surge pricing. Then, the calculation kick in the price is multiplied and on the customers screen there is an estimated price for the ride. That’s how it works.