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Anonymous
Anonymous asked in Business & FinanceCredit · 3 months ago

Why do taxi drivers hate card payments ?

So I get into a cab and it says I can pay with a variety of payment options but when I present my contactless card to the driver they always have a grudge at me for not having cash. 

8 Answers

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  • 3 months ago
    Favorite Answer

    The fact that they have to pay a % to the bank as a service fee does not help their overall financial situation as most cabbies in the U.S. are currently underpaid after deducting their expenses.

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    • Cap3 months agoReport

      Now I know beer baron that I should just withdraw cash before I hop in a taxi :D

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  • 3 months ago

    They don't get to keep as much of the money. There are fees to the bank, and the amount of the charge is recorded so they can't lie about it on their taxes. With cash, they don't pay any bank fee, and they can lie about it to cheat on their taxes.

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  • 3 months ago

    Too many cards are stolen. Cash is always better.

    • Cap3 months agoReport

      I agree but when the meter has gone over a certain amount that you realise you haven’t got enough cash, you instead use your card.  

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  • bobby
    Lv 6
    3 months ago

    Because he has to pay a fee for each card used.  

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    • bobby
      Lv 6
      2 months agoReport

      Thomas,  Yes he provided the service,  but when he is paid with a credit card,  the card company charges him a fee.  Yes, it's stupid,  I agree,  it's nothing but a rip off and should be made illegal.  

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  • John
    Lv 6
    3 months ago

    Because the card processing company keeps 2 to 3 percent of the monies earned by the driver as a processing fee.  For small businessmen, who are usually operating on an already slim profit margin, that is a good sized amount.

    • Cap3 months agoReport

      Card processing scumbags. 

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  • Tavy
    Lv 7
    3 months ago

    Cards charge fees, that is why. He has to pay for each card used.

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  • 3 months ago

    Credit cards charge 2+ percent fees..

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  • Goerge
    Lv 7
    3 months ago

    UMmmmm maybe you can be nice next time and present him with cash.

    • Cap3 months agoReport

      Uh yeah except when the meter says $32 and I only have $30 cash. It’s not like you know how much the fare will be. 

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