Irish Taxi Forum
Public Area => Taxi Talk => Topic started by: watty on December 03, 2021, 05:24:05 pm
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Sumup sent me an email saying they're dropping their transaction fee to 1.69% from Jan 2021. I presume they mean 2022.
Starting from January 2021, the discounted fee of 1.69% per transaction will be our default price. And when we say per transaction, we mean all transactions, not just ones made with a card reader. Payment links, QR codes, Invoices, or Online Store transactions – you can accept payment everywhere and you’ll only pay 1.69% as a transaction fee.
Sumup seem to be making great progress. You can get a printer for their 'white box' now if that's your thing. And they're trialing payments via your phone so you won't need their 'white box' in future.
I know FN "put us in touch with customers" but there's a big gap between 1.69% and 15%! And I'd bet the 15% will go up after Xmas ::fds
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Don't understand why you are comparing Sumup, and FN for card payments. Sum up don't supply taxi clients. You pay FN 15% when they supply the client, If you pick up a street fare, and they decide to pay by FN there is no commission charged, or am I mistaken?
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It used to be free if you got the passenger yourself. Now they charge 15% of a fare you found yourself if the passenger asks to pay through the app. In these scenarios I tell the passenger I don't use them anymore because they're too expensive and I take payment through cc or cash.
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It used to be free if you got the passenger yourself. Now they charge 15% of a fare you found yourself if the passenger asks to pay through the app. In these scenarios I tell the passenger I don't use them anymore because they're too expensive and I take payment through cc or cash.
Wow, I did not know that. With any FN supplied client, I will only take cash or Revolut if they don't have a card registered.
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Don't understand why you are comparing Sumup, and FN for card payments. Sum up don't supply taxi clients. You pay FN 15% when they supply the client, If you pick up a street fare, and they decide to pay by FN there is no commission charged, or am I mistaken?
FN supply the client as you put it and they do the money processing as well. If Sumup can do the money processing for less than 2%, is FN worth paying 13% for supplying the client? Bolt can supply the client and the money processing for 10%, I believe...
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Just got verified by Bolt at 16.00 this evening, and it offered me a local job straight away which I rejected as too early for me will give it a go tonight.
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"If Sumup can do the money processing for less than 2%, is FN worth paying 13% for supplying the client?". At the moment if one needs reasonable money from the biz, one has no choice.
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Just got verified by Bolt at 16.00 this evening, and it offered me a local job straight away which I rejected as too early for me will give it a go tonight.
Fuk ye Bob....who's the pox who supplied their referral code?
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Be careful about Bolt. I looked at them before and I think they knock you off the app if you refuse too many jobs? Can't remember exactly.
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Bolt is busy today, I rejected a few.Apparently they're giving 70 or 80% off fares at the moment to encourage new users.
I posted already Uber are giving generous freebies to passengers when they first sign up.Last month I had 5 €11 fares free.Only used one though.
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Just got verified by Bolt at 16.00 this evening, and it offered me a local job straight away which I rejected as too early for me will give it a go tonight.
Fuk ye Bob....who's the pox who supplied their referral code?
Apologies Biggus Dickus, I forgot completely about the referral €50. If it's any consolation, had I remembered, you would have been the chosen one.
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Be careful about Bolt. I looked at them before and I think they knock you off the app if you refuse too many jobs? Can't remember exactly.
I know they put you offline if you refuse or decline an offer....put yourself back online if you want....maybe if you're a persistent offender they take a dim view of that.
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Just got verified by Bolt at 16.00 this evening, and it offered me a local job straight away which I rejected as too early for me will give it a go tonight.
Fuk ye Bob....who's the pox who supplied their referral code?
Apologies Biggus Dickus, I forgot completely about the referral €50. If it's any consolation, had I remembered, you would have been the chosen one.
A likely story alright....i expected better from a bleedin pensioner!!
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Be careful about Bolt. I looked at them before and I think they knock you off the app if you refuse too many jobs? Can't remember exactly.
If you don't work enough for the ex-commies they Estonia to death! 8)
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Are they an Irish company Irish or where the fcuk are they from?
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Are they an Irish company Irish or where the fcuk are they from?
<snip>
If you don't work enough for the ex-commies they Estonia to death! 8)
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Right so. So it's either Berlin or Tallinn eh.
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Right so. So it's either Berlin or Tallinn eh.
How a college dropout became Europe’s youngest founder of a billion-dollar company
Published Mon, Oct 21 20193:36 AM EDTUpdated Thu, Oct 24 201910:58 AM EDT
Vicky McKeever
@VMCKEEVERCNBC
Markus Villig knew he wanted to start a tech company when he was as young as 12.
At age 19, Villig dropped out of college after just one semester studying computer science at the University of Tartu, in Estonia, as his ride-hailing app, Taxify (now known as Bolt), began to take off.
Fast forward six years and the 25-year-old is the youngest founder of a billion-dollar company in Europe, according to research by Estonian start-up network Lift99.
The European Uber-rival app is available in 100 cities across 30 countries, with 25 million customers using it and 500,000 drivers.
Villig started the business with a 5,000 euro ($5,565) loan from his family to build a prototype of the app, the summer after graduating from high school.
He was inspired by Skype, which was founded in his home country of Estonia in 2004, showing a technology business “could be launched from anywhere.”
“I realized that tech is one of those industries where you can have huge leverage in the fact that you can accomplish big things with a very small team,” he told CNBC.
And even as interest in the app started to pick up, Villig said he remained disciplined with business costs by avoiding “hiring loads of people or doing expensive marketing campaigns.”
In fact, Villig took to the streets himself in Estonia’s capital Tallinn to recruit taxi drivers in the early days of the business.
“Ultimately it comes down to being extremely customer focused and frugal,” he said.
“This is an industry where customers really care if they get good value for their money,” he adds. “So if you can offer customers 20% better pricing or you can make sure the drivers take 20% more on every ride then that really pays.”
Bolt drivers can earn over 10% more on average compared to other ride-hailing platforms, as it takes 15% commission from them per ride, compared to the 25% Uber charges it “partners” on each fare.
“As an entrepreneur you sometimes get thousands of ideas that seem great and you want to do them all, but ultimately you can only do a few things really well,” he says, explaining that this was why Bolt solely focused on ride-hailing for its first five years in operation.
Part of this focus meant understanding transport needs on a local level, something Villig believes has differentiated Bolt from its competitors.
Bolt has since expanded into electric scooters and food delivery with further launches planned, though Villig says the ride-hailing business is still only just “scratching the surface” and will continue to grow.
The expansion into other modes of transport was the reason behind the company’s rebranding earlier this year from Taxify to Bolt, to reflect its branching out into other areas of mobility.
“My advice to young entrepreneurs would be to choose a name that reflects the vision you have for your business and not to be afraid to change that name if your vision gets bigger,” says Villig.
London launch
Bolt launched its ride-hailing service in London in June after taking more than a year to receive its license in the U.K.’s capital city.
The company had originally started to offer rides in the city in 2017 but regulator Transport for London (TfL) shut it down, saying it had failed to obtain an operating license.
Villig says he wanted to ensure Bolt took a thorough approach to the licensing process, working closely with TfL to ensure it got everything right not only from a business standpoint but also from a “safety and quality perspective too.”
This comes as Uber had its London license revoked in 2017 over public safety. It was then granted a 15-month extension, with another two months recently added onto its operating period.