Credit Card Payments

[Vikkiz]

So ignorance will be there stance.

This was a response from the NTA

Thank you for contacting the National Transport Authority.

From 13 January 2018, it will be illegal to charge a hirer for using a credit or debit card to pay for a journey.   Surcharges will no longer be permitted on Visa/MasterCard credit or debit transactions. (Diners Card and Amex are not affected as they are non EU but rarely used in Ireland)

 

The European Payment Services Directive (PSD2)  will make it illegal for any business to charge extra for using a debit or credit card in the EU from 13 January 2018. Currently, in Ireland, SPSV services can pass on charges that genuinely reflect their costs up to a maximum of 5% as detailed on the Maximum Fares Order. The “costs” mean the amount that the bank charges the driver to process a credit or debit card payment. This will be banned ion 13 January 2018.

 

The fare card/information stickers are currently under review and we will notify you when new ones are available.


If you have any questions, please do not hesitate to contact our support team at 0761 064000.

Kind regards,
National Transport Authority

[mercenary for hire]

Just stop accepting cards until the process becomes cheaper.I only use my Sumup when I think I might lose a good job off the rank.The more drivers there that blindly accept cards under any circumstances the more likely the customers will forget or not bother to keep cash in they're pockets.

It's starting to look like we're getting a fare increase that just barely covers the credit card charges.Only way to get yer increase is to accept cash.

[Belker]

CC jobs are at about 25% of our work with an additional 2.7% charge on payments to drivers.

The Fare increase is 3.22% on 100% of all Taxi jobs.   Work it out !

[mercenary for hire]

Yeah I did .Credit card is 25% of your work.Some other lads take cards much more.Belker day shift is all suits with business cards in Dublin.

[The Liffey Lip]

So ignorance will be there stance.

This was a response from the NTA

Thank you for contacting the National Transport Authority.

From 13 January 2018, it will be illegal to charge a hirer for using a credit or debit card to pay for a journey.   Surcharges will no longer be permitted on Visa/MasterCard credit or debit transactions. (Diners Card and Amex are not affected as they are non EU but rarely used in Ireland)

 

The European Payment Services Directive (PSD2)  will make it illegal for any business to charge extra for using a debit or credit card in the EU from 13 January 2018. Currently, in Ireland, SPSV services can pass on charges that genuinely reflect their costs up to a maximum of 5% as detailed on the Maximum Fares Order. The “costs” mean the amount that the bank charges the driver to process a credit or debit card payment. This will be banned ion 13 January 2018.

 

The fare card/information stickers are currently under review and we will notify you when new ones are available.


If you have any questions, please do not hesitate to contact our support team at 0761 064000.

Kind regards,
National Transport Authority

No ignorance there at all. The whole matter was about getting drivers familiar with the concept that a cashless society is coming.
How does the H king get his Charlie customers to stop buying Charlie???...sweeties and ice-cream as Rats use to call it.

The suits weren't paying for applied surcharges but from now on the Govt will know about every penny you earn and they'll let you think its not a matter of concern until the letter comes in the post 3, or maybe 4 yrs later. Any driver not paying an Accountant will be retrospectively audited when they deem it appropriate. You'll hear gobshites on here saying, "the cashless thing has changed nothing"...."still getting me 4  trummers  a week from MyTaxi et al"....until they have everyone roped in and hooked up...than its lights out...the survivors won't be able to contain their laughter..and they will be driving Priuses and Vitos.

[Rat Catcher]

Using an accountant doesn't decrease the likelihood of being audited. In fact, in our game it has historically increased the likelihood on the "birds of a feather" principle e.g. all the SIPTU TB members using one firm a few years back. Once Revenue uncover one who is clearly taking the piss with a "specialist" practitioner they'll look at the rest. We all know firms who produce accounts out of thin air, using those firms is probably the riskiest strategy  if you don't want to be audited. However, if you keep proper records and declare your income correctly you have nothing to worry about.

[The Liffey Lip]

Fellow in Tallaght who does handy-man work can't find a job worth stopping scratching for.....reason being every fucking job has now to be ratified by some Govt agency. Try getting your Aga rewired, Mr Catcher, by a fellow who knows what it is to do so....insurance claim paid out for false declaration is covered but insurance company reserves right to pursue you for false claim....Accountant is covered for said offences....gobshite making a nifty per skull is not...

 ardent enthusiast who cannot resist an opportunity to indulge an enthusiasm.....a fool as described by a former taxi man. Ushering in the new yr...

[watty]

Do the abolition of CC charges make that big a difference?  Assuming it's 2.75% like sumup...

On a fiver fare (€5.00 x 0.0275%), that's 14 cents.  On a tenner, that's 28 cents  etc.  On €20, 56cents.

If a regular cash job was €10.50 or €20.50, I'd round it down to €10 or €20 to keep things simple and get the fecker out of the taxi quick.

[Shallowhal]

On a few fares over a period of time it's probably not an awful lot but if we do go completely cashless...it could be quite substantial!!

[Belker]

Do the abolition of CC charges make that big a difference?  Assuming it's 2.75% like sumup...

On a fiver fare (€5.00 x 0.0275%), that's 14 cents.  On a tenner, that's 28 cents  etc.  On €20, 56cents.

If a regular cash job was €10.50 or €20.50, I'd round it down to €10 or €20 to keep things simple and get the fecker out of the taxi quick.

That about sums it up well Watty !

How are you getting on with the IT revolution ?

[Rat Catcher]

"Accountant is covered for said offences" - not sure what you mean by that. If you think your accountant has some sort of insurance against his clients telling him lies you're mistaken. If you read the qualifications to your accounts you will note that he expressly states that the same are drawn up in accordance with information provided by you. If/when you're audited his interest won't extend far beyond the €500+/hour he'll charge for meeting the auditor with you. Any resultant penalties will be your problem, make no mistake about that.

[The Liffey Lip]

Just using the vernacular and it wasn't personal...I know you're good at the aul sums. As you're well aware, most small fry don't come on to the revenue radar unless they can't resist hanging themselves by cutting corners. I'm not aware of any Accountant getting a monkey an hour. Even Ossie Kilkenny wouldn't have commanded those sums. Offences was the wrong term. Thank fuck I'm indemnified!

[Belker]

Wow ! 
Having to Back-track Twice on the One day to the "Hoi-polloi" !

[The Liffey Lip]

No back-tracking there Belker. If I remember correctly that's your bailiwick. Didn't you have to grovel to both Roy and Spookie not so long ago after throwing one of your temper tantrums? I don't need affirmation from others Belker...you do...that's very obvious. And yes, the "hoi-polloi" reference was used within the bookmaking fraternity by several owners when they spoke of the saddos betting their wages on some cert set by corrupt bookmakers, and was thus used deliberately to see if you would bite.

[Rat Catcher]

I'm not taking anything personally, LL. Just pointing out that using an accountant doesn't decrease the likelihood of being selected for audit. I know blokes (including myself) who have done their own returns for over 20 years (not bothering to pay for several years in my own case - resulting in the 4 figure sum I had to hand over for my first TC2 when that was introduced in 2004) and have never been selected for audit. However, our culture is changing quite rapidly and our earnings are becoming easier to ascertain. While we are small fry, we are getting easier to audit with the balance tipping from investigating lifestyle to investigating documented income. Hence, regardless of who submits your return, it's more important than ever to maintain proper verifiable records in accordance with the law. The days of the 100 buck accountant asking you nothing more than how much tax you want to pay are coming to an end and that end is likely to be a bitter one for some.

I believe the big 4 charge out their straight from school juniors at c.€220/hour. You'd need to remortgage your gaff to have a coffee with a partner or senior associate in one of those firms. Even in small firms partners/associates don't come cheap. Maybe you get what you pay for?