DC Cabs Go High-Tech

May 18, 2017

In D.C., the annoyances that come with stringent taxi cab meters will soon be over. The D.C. Department of For-Hire Vehicles announced today that by August all D.C. taxi cabs will have to rip out their taxi cab meters and replace them with a soon-to-be-created custom digital meter from mobile payments company Square.

The new partnership comes as the District works to blur the lines between taxi cabs and Uber and Lyft drivers. No money was exchanged between the department and Square for the partnership, as Bloomberg first reported, and Bloomberg also notes that Square will only charge a 2.65 percent transaction fee, compared to the taxi meter’s current 3.5 percent to 5 percent commission fee or Square’s standard 2.75 percent fee.

(DCInno)

Write a comment