Fare

The portion of operating costs covered by fares - the farebox recovery ratio - typically varies from 30%-60% in North America and Europe, with some rail systems in Asia over 100%.

In the case of taxis and other vehicles for hire, (where the total fare will not be known until the trip is completed) payment is normally made at the end of the ride.

In the United Kingdom, certain train operating companies, such as South Western Railway and Southern, have revenue protection inspectors who can issue penalty fares to passengers who travel without a valid ticket.

Some transportation systems charge a fare based on the distance traveled between the origin and destination stations or stops of a service.

Such a system may use an exit fare at the destination station in order to correctly charge the customer based on the distance traveled.

A farebox is a device used to collect fares and tickets on streetcars, trains and buses upon entry, replacing the need for a separate conductor.

Nearly all major metropolitan transit agencies in the United States and Canada use a farebox to collect or validate fare payment.

Later models after World War II had a counting function that would allow the fares to be added together so that a total per shift could be maintained by the transit revenue department.