[ioki]

dear ff ppl,

i just happened to noticed something odd with cab fares on the credit card statement.

isn't "10%" on top of the fare is what we pay for the privilage of using one's credit card when going by cab? the nominal percentage amount is also shown on their website.

anyhow, i've worked out a deal with a silver service guy and he charges me $75/trip to and from the airport.

thus, i've been expensing $75 X 1.1 = $82.5 back to my company.

now, the credit card statement line shows $83.25 which is $75 X 1.11 or 11%

so should i be raising this nominal difference in the eventual amount with the cab company, cab charge or my bank? or have i calculated wrong somehow?

[Sequel]

You get charged an extra 10% service fee for the "privilege" of using your card, and then of course Johny wants his 10% on top of that. Therefore it is actually 11% more expensive to use your card. And the service fee is bassed on the fare including GST, so both Johny and the cab company are double dipping.

[oz_mark]

Originally Posted by Sequel

You get charged an extra 10% service fee for the "privilege" of using your card, and then of course Johny wants his 10% on top of that. Therefore it is actually 11% more expensive to use your card. And the service fee is bassed on the fare including GST, so both Johny and the cab company are double dipping.

...and unless the credit card company has an extraodinarily bad deal with the CC company, they aren't paying the CC company 10% for using the card. They must be making a tidy profit on this little scam.

[ioki]

do agree the cabcharge ppl do a pretty tidy sum on the whole deal.

but, if i signed my docket with the wording of 10% charged and in good faith that i had thought is all i will pay extra for, and eventually i am charged 11%.. should that not be wrong? or even fraud?

[odoherty]

I've struck the same thing. If you inspect your tax invoice carefully you will see that the 10% cabcarge fee is subject to 10% on top.

So, 10% plus 10% is 11%
ie. 10% x 1.1 = 11%

[ioki]

Originally Posted by odoherty

I've struck the same thing. If you inspect your tax invoice carefully you will see that the 10% cabcarge fee is subject to 10% on top.

So, 10% plus 10% is 11%
ie. 10% x 1.1 = 11%

DOH!! so i've actually lost 75c X 10 odd trips taken in the few month in expenses not claimed..

thus mystery solved. =p

[NM]

I use a Limo driver for my home-airport trips. He charges me a flat $40 fee and bills directly to Diners Club or Amex, so CabCharge don't get their 10% fee (plus GST), and it includes the taxi pickup fee charged by the airport.

So his $40 fee ends up costing the same as a $35 cab ride. And on the occasions when I have not pre-planned and booked him, the meter on the cab has run between $34 and $37 depending on which way they go and the amount of traffic.

[danielh]

Always 1.11 times your Taxi Fare if you used a credit card.

Regards
Daniel

[JohnK]

I have a manual cabcharge receipt in front me.

On one side is printed "10% SERVICE FEE APPLICABLE ON STATEMENT". This is the side you see the most as it has all the relevant trip details. Clever marketing at play

On the other side is printed "10% SERVICE FEE APPLICABLE ON STATEMENT ATTRACTS GST ON ALL CARD TYPES EXCEPT CABCHARGE CHARGE CARDS".

I cannot see any full stops so not sure how to interpret above statement :? The power of words

I also have a cabcharge tax invoice paid by credit card in front of me which has the total fare + service fee + GST on service fee. Interesting to find out how much GST they are reporting to Little Johnny Arthur. Tax on a tax , no way , honest Little Johnny Arthur promised this would never happen. :roll:

Originally Posted by danielh

Always 1.11 times your Taxi Fare if you used a credit card.

Not just credit cards. "ALL CARD TYPES EXCEPT CABCHARGE CHARGE CARDS". Would take that to mean savings accounts as well as credit cards. :?

[Dave Noble]

Originally Posted by JohnK

Not just credit cards. :shock: "ALL CARD TYPES EXCEPT CABCHARGE CHARGE CARDS". Would take that to mean savings accounts as well as credit cards. :?

Yes. It is a nice little money making scam

Dave