Uber Introduces Flat Rate Fares: A New Way to Ride

While the coronavirus pandemic has cut into many of our rideshare habits, drivers are still out there, and their companies are still trying to make money. Normally, their business model relies on volume: Increase the number of rides and you increase profit margins. When ridership declines as precipitously as it has this spring, Uber is going for a new tactic.
The Verge reports that Silicon Valley's onetime favorite unicorn will now offer the option for riders to block out times with multiple stops using a single driver. Rather than bouncing from car to car, extending your wait time and expanding your risk of COVID-19 exposure, you can choose an "Hourly" option when you request a driver and essentially lock in a flat rate. This is available internationally, but it's coming to 12 U.S. cities: Atlanta; Chicago; Washington, D.C.; Dallas; Houston; Miami; Orlando; Tampa Bay; Philadelphia; Phoenix; Tacoma; and Seattle.
The pandemic has proven that ridesharing is one luxury we're generally happy to skip, but it's not the first time the concept has come under fire. Even as we got horrific reports about Uber's company culture and rider safety breaches, we also learned that ridesharing is way less efficient than a lot of transportation alternatives, including biking and public transit. And while the app can guarantee a driver that will pick up your pet, it can't protect passengers from bias incidents. The sector is feeling the pinch in a big way; hopefully it will see fit to improve in more ways than passenger options alone.
budgeting
- Unemployment Benefits and Cash Jobs: Eligibility Explained
- Bad Check Laws: Understanding Criminal & Civil Penalties
- Effective Debt Reduction Strategies: 10 Steps to Financial Freedom
- IRA Education Savings: Tax-Advantaged Ways to Fund Your Future
- Preparing for a Recession: Essential Financial Strategies for Stability
- Tax Payment Options: What to Do If You Can't Pay
- Returning to the US with an Expired Passport: A Guide for American Expats
- Childcare Costs vs. Income: Is Working Financially Viable?
- Understanding Credit Card Grace Periods: A Consumer Debt Guide
-
Payday Loan Debt Collection: Can They Sue You?Whether signed in a storefront or over the Internet, a loan contract must conform to state law. The payday lending business extends short-term loans to borrowers struggling with debts and a p...
-
Order Takeout Directly with Google: A New ConvenienceThe board game Monopoly (you know, the one you can never really win) has a surprising origin story. Rather than teaching kids about getting rich through property speculation, it's actually a fable...
