dcsimg Philadelphia Cab Drivers "Strike" Over Credit Card Fees, Could Lose Licenses - indexcreditcards.com

Credit Card Calculators

How long will it take to pay off my credit card?

In the News
  • "As comprehensive a list as you'll find of all the credit card offers on the table now."

Philadelphia Cab Drivers “Strike” Over Credit Card Fees, Could Lose Licenses

by Peter Andrew
Philadelphia Cab Drivers “Strike” Over Credit Card Fees, Could Lose Licenses

Angry over a recent law that forces them to accept credit cards and pay the transaction fees related to these payments, taxi drivers in Philadelphia last week threatened to randomly “strike” by refusing to take passengers who wished to pay by credit card.� The Pennsylvania Parking Authority said that drivers who refuse credit card passengers would be cited and could eventually lose their driver’s certificates for repeat offenses.

Philadelphia equipped its roughly 1600 cabs with credit card processing equipment and mandated that drivers accept credit cards as payment beginning this past January. But the drivers say it’s unfair to ask them to take on transaction fees of up to 5% when they are already struggling.� They also say that it can take weeks to get the money from credit card payments deposited into their bank accounts, causing serious cash flow crunches.

Unfortunately for the drivers, it doesn’t appear they have much leverage in the situation. The city’s parking authority says the machines will stay and the drivers must decide if they will comply or give up their rights to taxi passengers to and from the airport.

Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.

This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.

Published  (Modified )

Share this article with: