Cab Customers Bigger Tippers When Using Credit Cards
Filed in archive Credit on October 10, 2007
Cab drivers in New York City have been making a big stink over the fact that they've been forced to add credit card machines to their Taxis, because it forces them to pay credit card transaction fees, thus losing a small percentage of the money they pocket. They've been doing little "strikes" to show their displeasure.
But NYC's Taxi and Limousine Commissioner says that early results show the cabbies are actually making greater profits from the deal, because credit card customers give bigger tips. Where cash customers usually tip 10 to 15 percent, credit card customers are tipping an average of 22%. Take away the credit card fees and that's still over 16%, higher than cash customers.
That sounds right to me, as it does feel easier to be a generous tipper when you're using a credit card, just as it's easier to spend too much money on anything when you're using a card versus using cash.
Do you tip more when you're using a credit card?

Tags: money credit 2007 card cards credit+card credit+cards using+credit
Vote for Cab Customers Bigger Tippers When Using Credit Cards:
|
Rating: 9.00 out of 1 vote(s) cast.
|
| RSS | |
|
| |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Follow us on Twitter! |
Most Popular
About This Site
Banking
Best of
Blogging Issues
Book Reviews
Buying Stuff
Careers and Money
Charity
Credit
Did you know
Economy
Education
Finance
Financial Advisors
Funny
General
Greatest Hits
Happiness
Health
Housing
