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Yip Hon
Guest
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Cabbies Worried About Cash-Flow
Letter from Danny G Tan
04:47 AM Jun 29, 2011I
READ with interest that a local taxi company is making it easier for passengers to pay with credit cards (June 28).
The problem is that many cabbies I have encountered do not like passengers to pay with anything but cash.
When queried, one driver told me that while he had to pay for fuel and other charges on a daily basis, the fares collected through Network For Electronic Transfers (NETS) and credit cards are only given to him periodically, leading to a daily cash shortfall if he accepted too many non-cash fares.
Cabbies Worried About Cash-Flow
Letter from Danny G Tan
04:47 AM Jun 29, 2011I
READ with interest that a local taxi company is making it easier for passengers to pay with credit cards (June 28).
The problem is that many cabbies I have encountered do not like passengers to pay with anything but cash.
When queried, one driver told me that while he had to pay for fuel and other charges on a daily basis, the fares collected through Network For Electronic Transfers (NETS) and credit cards are only given to him periodically, leading to a daily cash shortfall if he accepted too many non-cash fares.