Ride Sharing is Changing with the Economy

Bird is the next mobile application taking society by storm, offering affordable scooter sharing in large cities and college towns across the country. The idea is that as areas become more congested and vehicles grow to be nearly unattainable by lower economic classes, ride sharing services will continue to flourish. We have already seen this happen with Uber and Lyft, as well as with JUMP Bikes, a bike ride sharing service, and now we have the new kid on the block: Bird. 

Cost Comparisons

  1. Bird: $1.00 to unlock and $0.15 per minute. 
  2. JUMP Bikes: $2.00 for the first 30 minutes and then $0.07 per additional minute.
  3. Uber: Surcharges can occur in times of supply and demand, but most cost $1.00-2.00 per mile. Depending on geographical location, some Ubers will switch to a per-minute model instead of per mile (such as in NYC). Selecting an Uber XL or Uber Black will also cause rates to fluctuate upward.
  4. Lyft: Lyft is a similar cost to Uber, with breakdowns factoring in base charges, cost per minute and/or mile, service fees, additional fees such as an airport or toll, as well as tips, if you so choose to provide the driver with one.
  5. Traditional Taxi Services (NYC): Initial charge of $2.50 and then $0.40 per 1/5 mile. The JFK flat fare is $45.00 and the Newark surcharge is $15.00. There is a miscellaneous surchange of $1.00 to all rides.

What’s the Purpose of Ride Sharing?

Mobile applications like Bird offer more affordable transportation solutions than most taxis, buses, subways, carpools, and trains. It is of course cheaper than car ownership because it doesn’t require maintenance, loans or leases, tires, windshield fluid, wear and tear, or fuel charges.

As the economy continues to change, how do you envision yourself getting to work? For all we know, jet packs are on the horizon!


Want weekly blog and social media updates from FortisPay? Opt-in to our newsletter: learnmore.fortispayments.com/subscribe/

Follow us on Facebook, Instagram, LinkedIn and Twitter @FortisPay