Compared to SumUp’s single rate of 1.69%, CabCard is marginally pricier for lower-cost journeys because of its fixed 5p added to transactions whereas longer journeys have a lower cost due to CabCard’s lower 1.5% rate for most cards.
For example, a £15 journey can cost 27.5p through CabCard or 25.4p through SumUp, compared to 80p (CabCard) versus 84.5p (SumUp) for a £50 trip. But CabCard’s 2.5% rate for international or premium cards can push fees higher (42.5p for a £15 journey, £1.30 for a £50 journey), making SumUp the smarter choice for airport journeys and tourist hotspots.
Taxi fleet owners can get special card rates (1% or less), the option to spread the cost of hardware over a contract term, and no setup or upfront charges. This includes software allowing you to monitor your fleet’s sales and driver performance in real time from the backend account. Fleets can get their contract tailored in different ways, e.g. by deciding how drivers get paid through the CabCard system.
Self-employed taxi drivers also have access to view transactions and payout times in a CabCard dashboard on a tablet or smartphone.
CabCard is seeking approval from Transport for London to get their Pocket 3G Terminal accepted in London’s licensed taxis. As of yet, this approval has not been obtained, but if it does, it will be able to connect to a receipt printer (currently, it cannot).