12.4 Surge Pricing Feature – User Manual Guide
Module: Surge Pricing
Platform: Admin Panel
Powered by: Yelowsoft
Overview
Surge Pricing is a powerful feature within Yelowsoft’s pricing system, designed to dynamically increase fare rates during high-demand periods. This helps ensure better driver availability, maximizes revenue, and improves customer service during peak times.
Accessing Surge Pricing
To manage Surge Pricing:
- Log in to the Admin Panel.
- From the left-hand menu, navigate to Pricing.
- Click on Surge Pricing.
Here, you can view all existing Surge Pricing rules, including:
- Surge Name
- Applicable Dates & Days
- Vehicle Type
- Surge Duration (Start/End Time)
- Surge Value (Flat or Multiplier)
- Status and available actions (Edit/Delete)
How to Create Surge Pricing
Click on Create Surge and follow the steps below:
1. Select Timing
- Define Start Time and End Time (e.g., 9:00 AM – 11:30 AM).
- Choose Days (e.g., Monday to Friday) or select a specific Date Range (ideal for holidays or events).
2. Define Surge Type
- Apply by Location (e.g., Airports, Business Hubs, Railway Stations).
- Set Surge Type:
- Flat Increase (e.g., additional $5 on base fare)
- Multiplier (e.g., 1.5× on trip fare)
3. Select Vehicle Type
- Assign Surge to one or multiple vehicle types (e.g., Sedan, SUV).
How It Works in Real Time
- When a user makes a trip request within the defined zone, time, and vehicle type, the surge price is automatically calculated and applied.
- Surge Pricing will override the base fare and reflect the increased fare directly on the user's app before booking.
- If multiplier-based:
Fare = Base Fare × Surge Multiplier (e.g., $100 × 1.5 = $150).
Business Impact & Benefits
- 💰 Higher Driver Earnings: Motivates more drivers to stay online during busy hours.
- 🚗 Better Availability: Increases vehicle presence in high-demand areas.
- 📈 Boosted Company Revenue: Surge fares lead to higher commissions.
- 🤝 Fairness & Transparency: Customers see surge fares upfront.
Conclusion
Surge Pricing empowers taxi and dispatch companies to handle peak hours effectively. With strategic zone and time-based pricing, Yelowsoft ensures a balanced ecosystem benefiting customers, drivers, and the company.