SINCE TFL ANNOUNCED THE CARD PAYMENT MANDATE FOR TAXIS IN FEBRUARY 2016, ALL LICENCED TAXI DRIVERS ARE REQUIRED TO OFFER PASSENGERS THE OPTIONOF PAYING THEIR FARE ELECTRONICALLY AT THE 'POINT OF SALE'
Verifone are global market leaders in ePOS, and have been working specifically with taxi fleets for over 25 years. The Verifone card payment solution is fully TfL compliant, and accepts payment from all major Chip & PIN, swipe and contactless credit and debit cards including American Express, and can accept electronic payment via ApplePay and NFC enabled android devices.
Maintenance and parts for all Verifone card payment hardware and software is provided FREE by Verifone in-house engineers and technicians under our warranty agreement.
Card takings are transferred daily Monday to Friday, although drivers can opt to be paid just three times a week if preferred. We also have a 24/7 Driver Helpdesk to troubleshoot and provide support to drivers in real time.
There are NO installation or service charges, rental fees, nominal transaction supplements, insurance or maintenance charges.
There are also no airtime data costs as the Verifone system does not require drivers to synchronise their own smartphone or use their own data allowance. A simple, single processing charge of 3.95% is applied to each transaction*.
Drivers also have the option to upgrade to a Verifone Capital Account where the processing charge is reduced to 3.25%. A one-off upgrade fee of £299 applies.