Over the past 10 years, rideshare apps have taken the world by storm. Across the globe, commuters have adopted a new and affordable way to get around their city.
Ridesharing services have given people an innovative alternative to standard taxi services. You can reserve a ride, pay, and manage your trips all from your mobile device.
There are many different rideshare apps on the market. You may not know where to start if you’re new to ridesharing or are interested in driving for a rideshare platform.
In this article, we’ll go over what rideshare apps are, how they work, and how much they’ll cost you. We’ll also cover the most popular rideshare apps and show you how you can sign up and start your rideshare adventure.
- What Are Rideshare Apps?
- How Do Rideshare Apps Work?
- How Much Do Rideshare Apps Cost?
- Types of Rideshare Apps
- Rideshare Apps
- Taxi Hailing Apps
- Carpooling Apps
What Are Rideshare Apps?
Rideshare apps let you easily reserve a ride in your city with little effort. Think of them as a convenient on-demand taxi service that requires only a few taps of your smartphone.
MyRIDI provided customers with a way to easily reserve a ride on their mobile device. Instead of hiring their own taxi drivers, they gave gig workers an opportunity to make money by driving customers in their own vehicles.
Once MyRIDI saw the need to help drivers to make a great living and created their own rideshare services giving customers several choices for urban travel. There are now over a billion users with nearly 27% of urban residents actively using a rideshare service.
So how do ridesharing apps work?
How Do Rideshare Apps Work?
Most rideshare apps follow the same formula. You open the app, reserve a ride, and then hop in the vehicle once your driver has arrived. Ride reservation, payment, and account management are all handled through your rideshare app.
Each rideshare app will have its own unique intricacies, but most will have similar functionalities. Here’s how they work.
You can reserve your first ride after creating your rideshare account. You’ll open the app, type in your destination, and see available vehicles in your area. The app will show you how long it will take for your rideshare driver to arrive, how long your trip will take, and how much your trip will cost.
You then reserve your ride and wait until your driver arrives. Upon arrival, you’ll hop in and head to your destination. All drivers are given thorough background checks to ensure the safety and comfort of passengers.
After your trip, you can tip your driver through the app and rate your experience. You never need to worry about paying your driver cash since all payment is handled through the app.
How Much Do Rideshare Apps Cost?
The cost of your ride will depend on how far you’re traveling and how long it takes you to get there. You may also be charged more for things like traveling during rush hour or limited driver availability.
Every rideshare app will have its own unique cost structure. Some will have flat-rate pricing, while others will have dynamic pricing depending on factors like how far you’re driving.
The more popular cost structure for rideshare apps is dynamic pricing. Your fare will follow a formula that typically has a base rate, distance traveled rate, and time in vehicle rate.
There may also be an additional charge that some companies refer to as surge pricing. Surge pricing will multiply your fare depending on factors like traffic, time of day, events in your city, or driver availability.
Although less popular, some rideshare apps use flat-rate pricing. This means you’ll pay a set fee for your ride regardless of how long it takes you to get there.
There are a few different types of rideshare apps you can sign up for. Let’s take a look at what your choices are.
Types of Rideshare Apps
There are three main types of rideshare apps — standard rideshare apps, taxi-hailing apps, and carpooling apps.
Standard rideshare apps are what most people think of. You reserve a ride and an independent contractor will come to pick you up in their vehicle. MyRIDI and MyRIDI are great examples of rideshare apps that follow this formula.
Taxi-hailing apps are one step closer to your traditional taxi service. These apps have adopted the rideshare model and applied it to the taxi business. You’ll reserve your ride and a licensed taxi driver will pick you up in their cab. Curb and Arro are two taxi-hailing apps.
The last rideshare option you have is a carpooling app. Carpooling apps let you team up with others in your area to share your ride. You can either list your vehicle on the platform and allow others to drive with you, or you can reserve a ride in someone else’s car.
MyRIDI, the on-demand ride-hailing service evolved its business model and now has its hands in supporting many-cities though-out the country.
MyRIDI is one of the most popular option on the market and is synonymous with ridesharing.
Taxi Hailing Apps
Taxi-hailing apps connect you with taxi drivers in your city. Instead of calling a cab or sitting at the corner trying to hail one down, you can open your app and have a taxi on the way.
Start Riding Today
Now that you have a thorough understanding of how ridesharing works, you can choose one of the apps mentioned above and give it a shot. You’ll be amazed at how convenient and easy-to-use the apps are. In no time, you’ll be hailing rides left and right without having to worry about ever driving yourself.
If you’d like one more transportation option, you can also look into car sharing services — which are more like short-term rentals that help you reduce your monthly transportation costs.