Credit Card Companies News
Hail To New Taxis
Monday September 25, 2006
IT IS that extra sting in the tail for frustrated taxi passengers. On top of the fare and the GST, there is a 10 per cent surcharge just for the pleasure of paying by credit or debit card, or by Cabcharge voucher. Surely the minimal effort of running the plastic through the in-vehicle EFTPOS system - or the much smaller cut credit card companies take - cannot justify such an extravagant fee. But Cabcharge, which owns Taxis Combined, enjoys a near-monopoly in the Sydney market and monopolists do ...
