How Can Mobile Payments Help and Enhance Transportation Service Providers
Recently I have visited New York City, the greatest of all, the one city where you really do not want to get your car into. Like everyone else I had to use public transportation, including the Subway and local taxi and car service providers. Most of the drivers do not accept any form of payment except cash, which could lead to a few disadvantages, for example, lack of change, time used to handle the ‘checkout’ process which could be used to find more customers and making more money, or in another words, lack of effectiveness, and other security breaches that are caused by cash, to the driver and to the main taxi station, if there is one. In this article I will discuss the advantages of accepting credit cards on iPhone or Android and using mobile payments technology if you are a taxi driver or any other private transportation provider. I will try to touch some main points to show the effect of this technology in this industry.
One thing that takes a little bit of time, that builds up, is the payment procedure when you are about to accept the money owed to you for the ride. Most customers do not carry exact amounts on them which leads to more time spent on you arranging change for them. By using mobile payments the entire checkout time won’t take more than 20-30 seconds. just punch in the amount owed, swipe customer’s credit card and get their signature, done!
This time saving procedure would lead to effectiveness. By saving this time you now will be able to use it for finding new customers, getting quicker to your next location and eventually making more money.
If you are running a taxi station or a car service company that has multiple drivers you’ll have more control and organized way of watching your money. You’ll be able to see what each client paid, what each driver made, when and where, all from our online merchant portal. Also, by using credit card processing you’ll ensure that drivers are not stealing and using your vehicles to get clients without you knowing.
Cash is king? not anymore. With today’s technological era more and more consumers are using credit cards for their everyday expenses. Public transportation is this kind of expense as well due to its nature to be used everyday by many people.
There are plenty of more advantages of using mobile payments in the transportation industry which we won’t get into in this article but some of the main points are described in this article, such as convenience, control and effectiveness. All these points will enhance your business, make it more efficient, profitable and secure.