When businesses invest in Uber-like app development, they check upon the ways by which the app can help monetize. Following are the ways by which an on-demand taxi app solution can generate revenue:

1. Advertisements
In-app advertising is one of the key ways by which apps can earn revenue. Several other businesses make use of app platforms for the marketing of their products and services. Thus, apps can charge a fee for the advertising of these products and earn money.

2. Waiting or Cancellation Charges
There are times when the riders cancel their rides and for the same, a particular cancellation fee is charged. Also, if the drivers wait at the location of the drivers, then a waiting fee is levied and added to their total fare.

3. Commission
This one is the most significant revenue-generating source businesses rely on when they think to create a taxi app like Uber. There is a fixed percentage of commission that the Uber-like taxi app charges from the drivers. Thus, approximately 20%-30% of the fare is charged as a commission by Uber.

4. Price Surge
Whenever the demand for taxi booking is increased, businesses charge a higher fare from the riders to make it a source of earning revenue.

5. Premium Subscription Fee
Other than the various revenue-generating ways discussed above, there is a premium subscription fee that is charged to the users who opt for a premium model. These riders get certain perks and benefits whenever they book a ride for being a member of the premium membership.

https://semidotinfotech.com/blog/how-to-make-a-taxi-app-like...



What is monetization feature?
Image result for "monetization feature"
Monetization is the process of deriving revenue from the value you offer to your users. Your product – if it's a product worth using – is delivering meaningful value to its users in some way. It's only natural therefore that you can expect to receive something in return – including revenue.

https://www.departmentofproduct.com/blog/product-monetizatio...