OpenRuby.com

23 Oct '12, 7am

Bitcoin: Low-risk international payments for your Limo and Taxi business #bitcoin #payments

Bitcoin: Low-risk international payments for your Limo and Taxi business #bitcoin #payments

Limo and Taxi drivers have unique challenges to collect electronic payments. Drivers don't always collect identification or a contact number from their passengers. So if a credit card sale is initially approved, but comes back later with a problem, the driver has no ability to contact the customer to collect another form of payment. That fare becomes a total loss. A Class Limousine website A Class Limousine in New York City has been struggling with payments for years. The average fare is low enough that the fees to process credit cards typically run around 4%, in addition to the up-front costs of hardware. In a city with major international travelers, accepting a credit card from a foreign country carries even higher fees, but also much higher risk of fraud. When travelers arrive in a large city like New York, usually the first thing they need to spend money on is a ride t...

Full article: http://www.howtoacceptbitcoin.com/2012/10/low-risk-intern...

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