Different options in the marketplace
Several companies are working with Transport of London to develop solutions that would meet the requirements.
Global payment company Verifone has a dedicated taxi solution centre in Kennington, which provides taxi payment solutions, taximeters and digital tops mounted on the roof of taxis with digital ads. Verifone offers a package for £299 which includes a terminal with a SIM card and built-in printer. There is no monthly fee, but a transaction rate of 3.25%.
Please note: Verifone may change their offers from time to time – check their website for up-to-date info.
TaxiPay by Adelante is another provider that is adjusting its offerings to meet the TfL requirements. TaxiPay’s app for payments, which required the driver to enter the card details manually, will no longer be a valid payment option. With a fee of 6.5%, it was also not a cost-effective solution for drivers or – in the case where the cost was passed on – the passenger.
Swedish iZettle offers a cab bundle with a contactless card terminal, mobile receipt printer and terminal mount. Their transaction rate is a fixed 1.75% for all card payments. If you just want the card reader, it’s normally £59 but can be purchased for a discount – see our review for more information.