Verifone taxi

Following the recent TfL ruling regarding card payments in taxis, Verifone have now announced the driver packages that come into effect from 2 April.

VERIFONE CAPITAL PACKAGE

A new ‘Capital Package’ fee of 3.95% applies to all transactions. The Capital package features zero upfront costs, zero monthly rental charges and zero data costs. Drivers do not need to use their own mobile phones as a SIM card is included in the Verifone equipment at no additional cost to the driver.

Card fares normally take 48 hours to process and Verifone pay drivers every day during the week, with the option to schedule just three payments per week if preferred. Jon Wheeler and his team at Verifone are confident that the Capital Package provides drivers with a competitive and accountable solution. “We looked at numerous financial models before agreeing this package. Drivers don’t want complicated tariffs with upfront costs, monthly rentals or unpredictable extras. Ours is simple, transparent and hard to beat. When you consider the driver support and technical facilities we have too, we really believe that our service is second to none.”

VERIFONE ICON PACKAGE

The Verifone transaction rate is reduced to 3.25% for drivers who upgrade to the ‘London Icon Package’ with a one-off fee of £299. All Verifone Capital and London Icon drivers will also qualify for free upgrades to ensure TfL compliance as the rules relating to the provision of printed receipts and meter integration are confirmed. Verifone fixed systems have included both receipt printer and meter integration since they launched in London in 2010.