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Cab drivers actually get higher tips with credit card transactions:

Cabbies are getting bigger tips thanks to their new credit-card machines, according to statistics obtained by The Post.

Both the Taxi and Limousine Commission and a drivers union said cash transactions on average result in a 10 to 15 percent tip for drivers.

But credit-card customers are bigger spenders. They gave an average 16 percent tip during three weeks in December.

Still, some drivers complain that their tips are getting wiped out because they are charged up to 5 percent for credit transactions.

“A beggar has no choice,” said cabby Gabriele Edet, 72, when asked what he thought about the credit-card fee.

OK, so what actually is the credit card transaction fee? They always say five percent, but apparently that’s the high end of the spectrum.

Posted: January 12th, 2009 | Filed under: Consumer Issues, Well, What Did You Expect?
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