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Old 09-22-2013, 02:05 AM
 
2 posts, read 1,880 times
Reputation: 27

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Quote:
Originally Posted by nikitakolata View Post
What I don't understand is why a cab driver would have to pay 5% to accept credit cards. I personally have a Square reader and the fee is 2.75%, which is considerably lower. There are no minimums or anything. So, if you are paying 5% with a $100 minimum per day, you are getting totally ripped off on your credit card processing and should probably change to another service.

I don't know if you have read my previous post but as i said before. Using Square is not allowed by the city of Chicago so the cab drivers are forced to pay their 5 percent to the companies so they can make more money and its a $800 minimum ticket for the drivers found using Square. Hope that explains why most drivers do not use it.
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