What is Lyft’s Prime Time Pricing?

Many rideshare users may be familiar with Uber’s “Surge Pricing” but did you know that Lyft has a similar service, which they call Prime Time Pricing? 

What is Prime Time?

According to Lyft, Prime Time pricing occurs when the demand for Lyft rides is greater than the number of Lyft drivers on the road.

Why does Lyft have Prime Time? 

Similar to Uber’s surge pricing, Prime Time encourages drivers to go out and complete rides when the demand for rides is high. In order to meet the excess demand at certain busy times of the day, Prime Time serves as a way to get more Lyft drivers on the road and getting passengers where they need to go, and in return passengers are charged an additional percentage on top of the original ride price. 

How is it calculated?

At the end of your ride, Prime Time adds a pre-determined percentage of your base ride amount. This is calculated prior to the Trust and Safety fee as well as taxes and airport fees. The specific percent is calculated based on a function of supply and demand (if demand is much higher than supply, the increased percentage will reflect this).

How do you know when it’s Prime Time?

For passengers, on your initial ride request screen the Prime Time notification will appear if the pricing is in effect. It will also indicate the Prime Time percentage, and you have to accept the higher fare before requesting a Lyft ride. 

 

 

 

 

 

 

 

 

 

 

 

Is it good for Lyft drivers?

Prime Time pricing allows Lyft drivers to earn more money depending on how/when the Prime Time pricing occurs. On the Lyft App for drivers, a heat map shows that allows riders to see where the demand for rides is the highest.  As pictured below, the shaded areas display where the Prime Time is in effect for drivers. 

 

 

 

 

 

 

 

 

 

 

 

How is it different from Uber Surge Pricing?

Prime Time Pricing is very similar to Uber’s Surge Pricing, except Prime Time pricing uses a percentage, whereas Uber Surge Pricing reflects the fare increase by the amount it will be multiplied (i.e. 2X the normal fare). Another difference between the two pricing tactics is that generally, Uber tends to have higher surge rates than Lyft when it gets busy. It is also easier to avoid Prime Time than Surge Pricing because the areas where Prime Time is enacted are usually smaller than the Surge Pricing area.

For more information on Uber Surge Pricing check out our article here: http://www.taxifarefinder.co/newsroom/?p=3775

Felicia is an intern at Unleashed, LLC. She is from upstate NY, and is currently pursuing a Marketing degree at Bentley University. One day she hopes to travel the world and visit every continent.

17 Responses
  1. The INTEREST RATES doesn’t necessarily compensate appeal for almost any too much tax bill repayments, therefore you are really bringing this inside slacks by simply not altering the duty repayments.

  2. Lastly, a challenge that i’m passionate about. I have made an appearance for information with this caliber going back several hours. Your internet site is tremendously valued.

  3. As I website possessor I believe the content matter here is rattling magnificent , appreciate it for your hard work. You should keep it up forever! Best of luck.

  4. Excellent site. Plenty of useful info here. I’m sending it to several pals ans also sharing in delicious. And obviously, thank you to your effort!

  5. Wow, superb blog structure! How long have you been running a blog for? you made running a blog look easy. The total look of your website is fantastic, let alone the content material!

  6. Bitcoin has shown incredible growth during the last year and there are now some who will claim that the success is soon to burst and the currency crumble. Some of us continue support the concept of an independent away from the control of the financial establishment. We will not accept that Bitcoin is past it’s best. We shall be sticking with Bitcoin and I am quite confident that Bitcoin will keep rising more steeply than in the past.

  7. There are some attention-grabbing time limits in this article however I don’t know if I see all of them center to heart. There’s some validity however I will take maintain opinion till I look into it further. Good article , thanks and we wish extra! Added to FeedBurner as properly

  8. Web-based mining makes it possible to earn much more for hashrate that is otherwise worth basically nothing. No special hardware needed! – You earn coins just for using the HealthyWormCoin Forum – Not based on post count, just leave the page open! More info: https://healthyworm.com/forum/index.php?topic=3.0 – Mining altcoins is too hard now. Mining through the browser is much easier and makes your hashrate worth more than if you were mining Bitcoin with the same hash! Just make sure you are logged in to earn the rewards so they can be accounted to your username. No personal information is needed since you are not spending any money or sending any payments!

  9. Google

    Check beneath, are some completely unrelated internet sites to ours, having said that, they are most trustworthy sources that we use.

Leave a Reply

Your email address will not be published. Required fields are marked *