Surge pricing definition
Surge pricing means charging a transportation network
Surge pricing. An additional $2 will be added for each boarding option. Surge Pricing will be effective on all weekends, holidays, and Spring Break. Daycare: Daycare is $27/day (+$22/additional dog).
Surge pricing means the output of an algorithm of an Aggregator, which automatically raises the price of a trip when demand outstrips supply within a fixed geographic area ; and
Examples of Surge pricing in a sentence
Surge pricing describes times of the day where Uber is busy and rates increase for drivers.
More Definitions of Surge pricing
Surge pricing means any pricing of a Vehicle For Hire transportation service that is based in whole or in part on the level of consumer demand for the transportation service at or about the time at which the transportation service is offered or provided;
Surge pricing means the output of an algorithm of an Aggregatoror upto 50% of the base fare, but shall not exceed the rate prescribed by State Government under Section 67 of Motor Vehicles Act, 1988 from time to time, whichever is less, which
Surge pricing means the practice of a company that uses a digital platform applying a multiplier to customer fares during a surge pricing event.
Surge pricing means charging a transportation network company rider a higher fare rate than the usual fare rate charged for the prearranged ride during times of high demand for prearranged rides, including, but not limited to, by using a rate multiplier.