Price calculation

The prices per trip are calculated as follows:

1. Estimated price

When the passenger fills in the necessary information about the pickup and destination addresses, we use this information to calculate the route and give an estimation of what the final fare might be. We use several factors while calculating the estimated fare, such as:

• Base fare – A flat fee charged at the beginning of the ride.
• Cost per minute 
• Cost per km 
• Dynamic pricing -  A multiplier, which can be added to the fare

2. Final price

Normally, the final price is equal to the calculated price. In exceptional situations, when the effective price differs from the calculated price by more than 80%, the effective fare is calculated (e.g. in case of major bypasses, traffic jams or a new destination that has not been stored in the system).

3. Dynamic Pricing

The idea behind dynamic pricing is to adjust the prices of rides to match driver supply to passenger demand at any given time. During periods of excessive demand when there are many more passengers than there are drivers, or when there aren’t enough drivers on the road and passenger wait times are longer, Vertt will increase its normal fares.

Example: On a Friday night, the fare may be higher than the normal fare. When surge pricing is in effect, the passengers are informed that their fares will be higher, and they have to confirm and agree to pay the amount in order to request the ride. Only then will a driver be matched to pick them up. The dynamic price can be up to 50% higher than the normal price at most.

Do you still have questions about our prices? We will be happy to answer your questions.

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