System and method for setting a rideshare transaction fee
View Patent ↗A system and method for setting a rideshare transaction fee is provided. Data is maintained for rideshare transactions, each associated with a route. At least one rideshare transaction that travels along a particular route is identified. A number of drivers offering transportation on that particular route and a number of passengers seeking transportation on the particular route are determined. A transaction fee for the rideshare transaction along the particular route is set. The transaction fee is increased when there are more passengers seeking transportation than drivers offering transportation. The transaction fee is decreased when there are more drivers offering transportation than passengers seeking transportation.
1. A system for setting a rideshare transaction fee, comprising:
a database to maintain data for rideshare transactions, each associated with a route;
a rideshare identification module to identify at least one rideshare transaction that travels along a particular route;
a participant determination module to determine a number of drivers offering transportation on that particular route and a number of passengers seeking transportation on the particular route; and
a fee module to set a transaction fee for the at least one rideshare transaction along the particular route by automatically increasing the transaction fee when there are more passengers seeking transportation than drivers offering transportation and automatically decreasing the transaction fee when there are more drivers offering transportation than passengers seeking transportation.
2. A system according to claim 1 , further comprising:
an insurance module to offer insurance policies for the rideshare transactions based on at least one of a monthly unlimited basis and a per rideshare transaction basis.
3. A system according to claim 2 , further comprising at least one of:
a policy module to provide the insurance policies; and
a revenue module to share in revenue generated from the insurance policies, which are provided by a third party.
4. A system according to claim 1 , further comprising:
a participant selection module to select at least one of the passengers seeking transportation for inclusion in the at least one rideshare transaction along the particular route.
5. A system according to claim 4 , further comprising:
a participant matching module to identify the selected passenger by determining a participant rating for each of the passengers seeking transportation and matching the selected participant to the rideshare transaction based at least in part on the assigned participant rating.
6. A system according to claim 5 , wherein the participant rating is based upon at least one of a metric associated with those rideshare transactions that the selected passenger participated in as a driver, a metric associated with those rideshare transactions that the selected passenger participated in as a passenger, a metric associated with a feedback rating from one or more other participants regarding a prior rideshare transaction with the selected passenger, a rating of common interests shared by the selected passenger and other participants assigned to the at least one rideshare transaction along the particular route, and a relationship based on a social network system.
7. A system according to claim 1 , wherein the transaction fee comprises at least one of a recurring monthly fee and a per rideshare transaction fee.
8. A system according to claim 1 , further comprising:
a compensation module to receive compensation in exchange for at least one of providing sponsorships and providing advertising space to third parties.
9. A system according to claim 1 , further comprising:
a membership module to offer memberships to potential participants who purchase particular third party products.
10. A system according to claim 1 , further comprising:
a rideshare incentive module to provide incentives to potential participants comprising at least one of third party products, insurance, wireless communication plans, vehicle cleaning services, cash payments, recognition, carbon credits, and graduated fee credits.
11. A method for setting a rideshare transaction fee, comprising the steps of:
maintaining a database of rideshare transactions, each associated with a route;
identifying at least one rideshare transaction that travels along a particular route;
determining a number of drivers offering transportation on that particular route and a number of passengers seeking transportation on the particular route;
setting a transaction fee for the rideshare transaction along the particular route, comprising at least one of:
automatically increasing the transaction fee when there are more passengers seeking transportation than drivers offering transportation; and
automatically decreasing the transaction fee when there are more drivers offering transportation than passengers seeking transportation wherein the steps are performed by a suitably-programmed computer.
12. A method according to claim 11 , further comprising:
offering insurance policies for the rideshare transactions based on at least one of a monthly unlimited basis and a per rideshare transaction basis.
13. A method according to claim 12 , further comprising at least one of:
providing the insurance policies; and
sharing in revenue generated from the insurance policies, which are provided by a third party.
14. A method according to claim 11 , further comprising:
selecting at least one of the passengers seeking transportation for inclusion in the rideshare transaction along the particular route.
15. A method according to claim 14 , further comprising:
identifying the selected passenger, comprising:
determining a participant rating for each of the passengers seeking transportation; and
matching the selected participant to the rideshare transaction based at least in part on the assigned participant rating.
16. A method according to claim 15 , wherein the participant rating is based upon at least one of a metric associated with those rideshare transactions that the selected passenger participated in as a driver, a metric associated with those rideshare transactions that the selected passenger participated in as a passenger, a metric associated with a feedback rating from one or more other participants regarding a prior rideshare transaction with the selected passenger, a rating of common interests shared by the selected passenger and other participants assigned to the at least one rideshare transaction along the particular route, and a relationship based on a social network system.
17. A method according to claim 11 , wherein the transaction fee comprises at least one of a recurring monthly fee and a per rideshare transaction fee.
18. A method according to claim 11 , further comprising:
receiving compensation in exchange for at least one of providing sponsorships and providing advertising space to third parties.
19. A method according to claim 11 , further comprising:
offering memberships to potential participants who purchase particular third party products.
20. A method according to claim 11 , further comprising:
providing incentives to potential participants comprising at least one of third party products, insurance, wireless communication plans, vehicle cleaning services, cash payments, recognition, carbon credits, and graduated fee credits.