Comments on: NYC cabbies crave credit cards http://secondavenuesagas.com/2009/11/10/nyc-cabbies-crave-credit-cards/ A New York City Subway Blog Sat, 20 Mar 2010 23:32:17 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Boris http://secondavenuesagas.com/2009/11/10/nyc-cabbies-crave-credit-cards/#comment-66608 Boris Wed, 11 Nov 2009 16:16:50 +0000 http://secondavenuesagas.com/?p=4231#comment-66608 This works with any type of spending, which is why credit cards are as popular as they are. In my cafeteria at work they converted to high-speed credit card readers last year. And signatures are no longer required for purchases under $25. As one cashier explained it to me, they did this because they were told "studies show" people start spending more money when they can pay with a card. This works with any type of spending, which is why credit cards are as popular as they are. In my cafeteria at work they converted to high-speed credit card readers last year. And signatures are no longer required for purchases under $25. As one cashier explained it to me, they did this because they were told “studies show” people start spending more money when they can pay with a card.

]]> By: E. Aron http://secondavenuesagas.com/2009/11/10/nyc-cabbies-crave-credit-cards/#comment-66583 E. Aron Tue, 10 Nov 2009 23:31:11 +0000 http://secondavenuesagas.com/?p=4231#comment-66583 Funny how some of them still complain about how they lose out on 5% of the fare or some nonsense that I don't ever pay attention to. Funny how some of them still complain about how they lose out on 5% of the fare or some nonsense that I don’t ever pay attention to.

]]> By: John http://secondavenuesagas.com/2009/11/10/nyc-cabbies-crave-credit-cards/#comment-66580 John Tue, 10 Nov 2009 23:02:00 +0000 http://secondavenuesagas.com/?p=4231#comment-66580 Funny how instead of the sky falling, it's actually rising (or whatever the inverse of that ridiculous saying would be). Personally I'm not surprised by this. I think the same holds true in a restaurant. With a credit card, you're more likely to give the "right" tip, but with cash you might just go to the nearest big dollar amount. For example, if your cab fare was like $19, with cash you might just give them a $20 (I'm not encouraging this, but it happens). With a card, you'd be more likely to punch in $22 or $23 or something a little more appropriate, instead of maybe giving them $30 and asking for some change, etc. Plus the suggested default tips play a role too, as the article says. Funny how instead of the sky falling, it’s actually rising (or whatever the inverse of that ridiculous saying would be).

Personally I’m not surprised by this. I think the same holds true in a restaurant. With a credit card, you’re more likely to give the “right” tip, but with cash you might just go to the nearest big dollar amount. For example, if your cab fare was like $19, with cash you might just give them a $20 (I’m not encouraging this, but it happens). With a card, you’d be more likely to punch in $22 or $23 or something a little more appropriate, instead of maybe giving them $30 and asking for some change, etc. Plus the suggested default tips play a role too, as the article says.

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