TfL have announced they are to hold a public consultation for the mandatory use of credit and debit cards for Taxi journey payments.
Londoners will be asked for their views on wether all Taxi drivers should be forced to accept card payments.
Many drivers already accept cards, but there are those who choose only to accept cash.
In July, TfL unveiled proposals to make card acceptance mandatory. This is a measure they say will benefits both passengers and drivers (in their opinion, that is).
But, under TfL’s plans, the payment surcharge currently reclaimable from the passenger, would be axed.
In TfL's magical mystery world, they insist the average cost of any card transaction would be included in the metered fare. This would see passengers paying the same amount regardless of which method of payment they choose. To achieve this the metered fare would have to rise by approximately 6%. Unfortunately, back in the real world, drivers have been told to expect a fare rise of, about 1%.
Within the next few years, Taxi drivers will be expected to invest huge sums of money in new technology to repair the damage Mayor Boris Johnson has done to the air quality in Central London. This new initiative from TfL equates to no more than a pay cut.
The board of TfL have approved a request to hold a public consultation. After an in house poll, it's been suggested that 90% of Taxi users would support the proposal.
Again Taxi drivers opinions have not been sort.
So to recap, we as individual small businesses, are not being asked, but forced to give people free credit and absorb the processing costs out of our end.
A spokesperson for TfL said the consultation would likely take place next year.
The largest representative group from the Taxi trade, the LTDA, have said in a statement on their Twitter account, they are totally opposed to drivers being forced to take card payments.
Obviously the scrappage of payment surcharges doesn't affect Private Hire, who will just whack it on the back of their fixed fares regardless of card of cash.