A2B - A2B Australia

[Bill M]

(especially that 10% surcharge for cards crap) Its a blatant market failure.

How do you think they would pay a Uber driver? By cash of course, you can pay cash in regular taxis too and avoid the 10% surcharge in it's entirety.

Corporations like Cabcharge, they have been using it for decades. It is an easy way to get their staff and parcels around town without fiddling around looking for cash. There have been other companies around like "Taxi Credit" many years ago but they are gone now.

 

[prawn_86]

How do you think they would pay a Uber driver? By cash of course, you can pay cash in regular taxis too and avoid the 10% surcharge in it's entirety.

Uber is completely cashless. Here in the states it is better and quicker than waiting to catch a cab and one of the biggest benefits is no money is exchanged and no tipping is required.

It automatically debits the credit card on your uber account, and I believe the drivers get 80-90% of the fare

 

[Bill M]

Uber is completely cashless. Here in the states it is better and quicker than waiting to catch a cab and one of the biggest benefits is no money is exchanged and no tipping is required.

It automatically debits the credit card on your uber account, and I believe the drivers get 80-90% of the fare

Ok so it works by crdit card payment over there, here the law has not changed.

---
“The law is clear and has not changed: if a NSW driver is taking paying members of the public as passengers, the driver and the vehicle must operate in accordance with the Passenger Transport Act,” Transport for NSW said in a statement on Wednesday morning.

“Under the Act, such services must be provided in a licensed taxi or hire car, by an appropriately accredited driver, authorised by Roads and Maritime Services,” the statement said.

“A person who carries on a public passenger service in breach of the Act may face prosecution and fines of up to $110,000.

http://www.afr.com/p/technology/nsw_rules_out_uber_ride_sharing_U5UO037O0knjmozCQfAvjI
---

 

[ROE]

This is CAB best friend not competitor -
Look like they willing to break the laws, do
Stuff for free, not engage the regulators..

Sound like Uncle Sol from TLS not long ago having
A punch out with the government

When people get this defensive it usually hurts some where for the rage to come out
Could be fear could be burning cash at a fast pace could be too hard
to break the iron wall

 

[skc]

News out that he passed away this morning.

My thoughts and condolences to all of his family and friends.

Paul Ramsey of RHC died of a heart attack. A bad week for ASX company chairs.

 

[ROE]

Paul Ramsey of RHC died of a heart attack. A bad week for ASX company chairs.

yeah, that was mighty quick as well, he was admitted to hospital like a few weeks ago.
Moral of the story, quit while you young and healthy

 

[McLovin]

How do you think they would pay a Uber driver? By cash of course, you can pay cash in regular taxis too and avoid the 10% surcharge in it's entirety.

Corporations like Cabcharge, they have been using it for decades. It is an easy way to get their staff and parcels around town without fiddling around looking for cash. There have been other companies around like "Taxi Credit" many years ago but they are gone now.

You can't use the app without entering a valid credit/debit card. It is completely cashless. I don't think corporations "like" Cabcharge, it's just that there weren't any other viable alternatives. The beauty of Uber when you book a taxi through it is you get in and get out at your destination, no need to produce cash or a CC.

Anyone who thinks Cabcharge isn't a rort must have shares in Cabcharge. The cost to process a transaction is fixed, yet the fee charged varies depending on the amount of the fare. A complete rort.

Paul Ramsey of RHC died of a heart attack. A bad week for ASX company chairs.

I know a few people who were friends with him. A very good bloke by all acounts.

 

[Bill M]

Anyone who thinks Cabcharge isn't a rort must have shares in Cabcharge. The cost to process a transaction is fixed, yet the fee charged varies depending on the amount of the fare. A complete rort.

Can't people use Visa, Amex or Dinners? The last time I looked I thought these options were available.

If cabcharge is so bad then why do people/corporations use it? Taxi divers like the vouchers too, they can use it as cash to buy LPG and Taxi hire for the night, it's like cash to them.

 

[banco]

Very unlikely they will be going broke in any forseeable future, they are a highly profitable company. I do wonder whether the term 'rent seekers" is really interchangeable with "profitable company i dont like".

If you are taking the high moral ground over Cabcharge you wont have many other companies in your portfolio!

They are rent seeking scum because their whole business model is built on controlling the regulatory framework for taxis through their political donations etc.

 

[McLovin]

Can't people use Visa, Amex or Dinners? The last time I looked I thought these options were available.

You still get whacked 10% for using a Cabcharge terminal.

If cabcharge is so bad then why do people/corporations use it? Taxi divers like the vouchers too, they can use it as cash to buy LPG and Taxi hire for the night, it's like cash to them.

See above. Even if you're not using a Cabcharge voucher/card you still get charged by them. There's no choice other than giving employees cash.

 

[galumay]

They are rent seeking scum because their whole business model is built on controlling the regulatory framework for taxis through their political donations etc.

ORLY! Find me a business that doesnt seek to control regulatory impacts that way?! Have you met Rio and BHP? WOW?...etc etc.

 

[PinguPingu]

They will be caught in no time if they take money. No shortage of people with mobile phones and cameras ready to take videos.

Oh? Uber is cashless, there is no 'visible' transaction. Quite difficult as a member of the boys in blue or some other Government worker to prove that the person who just got out of a normal car was a customer of an uber driver and not just a regular dude getting out of a mates car.


People are driving for Uber because the barrier to entry is far less than driving a 'real' taxi.

Also, from memory didn't the RBA regulate a limit on credit card surcharges? Woudn't cab charge be in breach with their ridiculous 10% blanket fee? If so, looks like they're also operating in the grey area of the law.

 

[Smurf1976]

If cabcharge is so bad then why do people/corporations use it?

If I'm running a business and have employees who need to use taxis for business travel then my options are (1) give them cash and take their word for it regarding the cost of the taxi (2) give them a company credit card (3) use Cabcharge.

Many bosses prefer a method like Cabcharge simply because it's not so open to abuse when compared to handing out credit cards or cash. It's not totally safe in that regard, but it's the most accountable option available at present. Government departments in particular really struggle with handing employees cash for expenses from an administrative perspective - it's the last resort method of payment, any other means being preferable even if it costs more.

Also there is a point that most don't question the system and the term "Cabcharge" is used as though it were something other than a privately owned company. Eg if you have internal paperwork to complete for business travel, then in many cases you'll find it referred to as "cab charge".

I suspect that if you asked 100 random people, a large proportion would have no idea that Cabcharge is an ASX listed company. I suspect that most would assume that it's either a service provided by the major banks or is just a generic term (ie "cab charge") that taxi companies use in reference to non-cash payment. I doubt that the average person realises the true nature of it.

Also, the cost of using it would be a minor expense for practically everyone (relative to the overall cost of running a business or household). Businesses worry about staff costs, getting work / sales in the first place, rent on buildings, vehicle fleet costs possibly, energy in some industries and so on. Households focus on mortgage payments, insurances, utilities, food etc. Nobody really spends enough paying the Cabcharge 10% fee to warrant seriously questioning it, it just doesn't come up as a big enough expense to worry about for anyone looking at a budget either business or personal.

 

[Bill M]

Even if you're not using a Cabcharge voucher/card you still get charged by them.

I didn't know that, now I can see why people are upset about these charges.

 

[Bill M]

People are driving for Uber because the barrier to entry is far less than driving a 'real' taxi.

I think this may end up in court in the end. The Roads and Maritime Services vs Uber, the case being whether the drivers are receiving financial reward either directly or indirecly and therefore breaking the law. Anyhow I'm interested to see where this ends up.

Smurf1976, thanks for that, I agree with your post and explanation.

 

[DJG]

I think this may end up in court in the end. The Roads and Maritime Services vs Uber, the case being whether the drivers are receiving financial reward either directly or indirecly and therefore breaking the law. Anyhow I'm interested to see where this ends up.

Suppose it makes it hard being that they don't employ a single driver. They're just a gateway between driver and passenger.
The law seems extremely grey when it comes to new issues they never thought would even exist.

 

[ROE]

Suppose it makes it hard being that they don't employ a single driver. They're just a gateway between driver and passenger.
The law seems extremely grey when it comes to new issues they never thought would even exist.

Got nothing to do with Uber, the regulator going after the drivers but I think Uber is being vague with the drivers that they may be breaking the law by picking up paying customers without proper license and all the paper work that goes with operating a hire car business.

The law is the law it maybe bad or some people may not like it but you have to obey it until such time
the law no longer exist or change...you cant have people going around breaking the laws without getting penalise, it wont be a civilise society.

 

[ROE]

http://www.theage.com.au/digital-li...s-as-media-gaffe-surfaces-20140508-zr6yp.html

 

[tinhat]

So that is what Graeme Samuel is up to these days "Taxi Services Commissioner". What a dud.

 

[ROE]

Lot of scary articles on CAB ... anyone want to sell I have some fund for a trade

http://www.afr.com/p/business/sunday/cabcharge_faces_tough_road_ahead_iI0xl1qH8PPkNT3UdTKyhO