Credit Card Payments

[john m]

€20 min seems reasonable but I wouldn't be offering cash back under any circumstances. 99.273% of chargeback claims are resolved in favour of the client, the theory being that the merchant can pursue the debt independently of the card issuer. The problem with advertising a minimum amount is that you are advertising the fact that you accept cards hence encouraging those who would otherwise hand over used notes to reach for the plastic. Best to decide on a case by case basis, IMO.

If the taxithingey make CC facilities mandatory as suggested in the review then you cannot advertise a minimum transaction if it is more than the metered fare .better to let sleeping dogs lie and absorb the charge we will probably save the difference in charges we wont have to pay especially when you pay your income tax by credit card .

[Rat Catcher]

Probably a business opportunity there. I'd say banks would love to farm out chargeback requests and put decisions down to "impartial" assessment. If retailers saw even a small % of decisions go their way they wouldn't object too strongly to the the necessary fee increases.

[Rat Catcher]

If the taxithingey make CC facilities mandatory as suggested in the review then you cannot advertise a minimum transaction if it is more than the metered fare .better to let sleeping dogs lie and absorb the charge we will probably save the difference in charges we wont have to pay especially when you pay your income tax by credit card .

No doubt drivers' representatives would take them to court. I'm entitled to legal tender.

[Vikkiz]

We are similar to shops (merchants) so will have to absorb the costs like Ryanair, Ticketmaster will have to do.
Or we.could just rename the charge go something else, or just take cash

[Belker]

As a former bookie I had a dispute over a bet with a bookie customer years back, I can't remember what it was all about, but I do know that I was well within my rights to refuse payment on his bet. The client completely refused to accept our ruling and as the bet was placed by credit card, he contacted the bank and requested a Charge-back, the bank granted his request and when he found out how easy it was to get a Charge-back, he then Charged-back every bet he had ever placed by CC, thankfully the bank had a Three month limit on Charge-backs but it still amounted to Thousands of Punts at the time.
I pursued it with the banks, credit card companies, the Garda fraud squad and just about any other interested party that I could think of, all to No avail, he got paid back Three months worth of losing bets while keeping his winning bets.

That to me is "The One that got Away" !

[Belker]

Sum up is probably still the best value, and a much better device than cab app

How can Sum-up be better than CabApp ?

Sum-up charges the driver, CabApp dosen't.
The CabApp device (while it does look primative) can process a
CC payment with 'Contactless' in less than 20 seconds.

The sum up device is far superior to cab app. Until now cab app calculated and added the extra charge for you, the driver had to do it himself on sum up
From the 13th neither will, cab app will charge you 3.9%, sum up 2.7%

If it does come in and that to me is still a big IF then I would agree,
Sum-up would be the better deal.

[Belker]

Maybe CabApp will have to re-think their percentages if they wish to keep taxi drivers 'On-board',
IF all this actually does go ahead on the 13th Jan, then the Taxi drivers will be deserting CabApp
and their 3.9% like 'Rats leaving the Sinking ship' !

CabApp have had it good fer the last few years, to throw a few estimates at it;
There is about 20,000 Taxies in Eire.
About 25% of them run CabApp, probably more.
The Low average of customer fees and bank transaction fees per Taxi per week
would be about 3Euro.

That's a minimum 15K per week fer doing very little, the App is set-up, all they have to do
is answer a few Taxi queries, process a few Charge-backs and open a few new accounts,
probably enough work to keep One man busy and there raking in 15 Grand+ a week fer it !

[john m]

Maybe CabApp will have to re-think their percentages if they wish to keep taxi drivers 'On-board',
IF all this actually does go ahead on the 13th Jan, then the Taxi drivers will be deserting CabApp
and their 3.9% like 'Rats leaving the Sinking ship' !

CabApp have had it good fer the last few years, to throw a few estimates at it;
There is about 20,000 Taxies in Eire.
About 25% of them run CabApp, probably more.
The Low average of customer fees and bank transaction fees per Taxi per week
would be about 3Euro.

That's a minimum 15K per week fer doing very little, the App is set-up, all they have to do
is answer a few Taxi queries, process a few Charge-backs and open a few new accounts,
probably enough work to keep One man busy and there raking in 15 Grand+ a week fer it !

Ken I doubt there were 100 drivers using Cab app .

[Belker]

I would totally disagree with that John M, that App took off in Cork a few years back after
I contacted many Taxi mates and posted about it on Roy's Rolls.

I easily see at least One in Four using it, sure it's the only One charging the driver nothing !

[Belker]

CabApp email;

Important changes to EU/UK law on card fees
Effective 13th January 2018.

You may have read in the press that from 13th January 2018, under EU/UK law, it will be illegal for any business to charge credit or debit card fees to consumers.

Unfortunately, this new law affects taxi drivers using cab:app for card payments across the UK/Ireland including in-app, contactless and chip & pin transactions.

From midnight on 12th January, cab:app will be updated so card fees are deducted from the total meter fare with the net amount being paid to drivers.

To help minimise the impact for drivers, from 13th January cab:app will reduce all card fees to 2.7%. We will also reduce the cost of the contactless chip & pin reader to £59 / €69 (+vat/p&p).

As an example, a card transaction for a metered fare of £20 will cost 2.7% or £0.54 to process and the net amount of £19.46 is payable to drivers.

To effect this change and ensure you comply with the new law, drivers will be required to logout and login to the app from 13th January. Please note, this change does not affect London drivers, as under TfL regulations drivers already bear the cost of card processing.

[Belker]

As in, it's comes in to force in Eight days time on 13th Jan ?

I can't see it happening somehow !

 

[Belker]

The sum up device is far superior to cab app. Until now cab app calculated and added the extra charge for you, the driver had to do it himself on sum up
From the 13th neither will, cab app will charge you 3.9%, sum up 2.7%

CabApp had a re-think and dropped it's percentage to 2.7% to match Sum-up.
I'll be sticking with CabApp, but all miz CC signage will be coming Off me Joe this week !

From this weekend on, unless it's a total emergency, like dropping some farmer in the
middle of nowhere late at night and he has no cash, it will be ATM only !

[Korky]

Its 27 cent in a tenner fare, not a lot really, just stop rounding down fares and you’ll actually be up money.

[Jack Meoff]

Its 27 cent in a tenner fare, not a lot really, just stop rounding down fares and you’ll actually be up money.

Korky a lot of drivers would moan about 5 cent.

[Tony]

Its 27 cent in a tenner fare, not a lot really, just stop rounding down fares and you’ll actually be up money.

I'd have to agree with you 101%