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It was supposed to be the next big thing. In November of 2007, New York City cab drivers were called for to start accepting credit cards as a design of payment. Most have already complied. But now it’s six months later, and the majority of passengers still use cash to pay their fares. Some cabbies are mad, while others are more philosophical. Why aren’t passengers swiping their credit cards to pay for cab rides?

Like any big change, getting folks to use a new payment method will take some date. It is estimated that 87% of cab fares are still paid in cash. That means that 13% of cab passengers are taking advantage of the new system that has only been in place for six months.

The change is slow, but it’s happening. Chances are, passengers are simply accustomed to having cash on hand for their cab fare. plus, there are still a significant number of cabs which do not take credit cards. These will be equipped with card readers by fall of 2008.

Meanwhile, some cab drivers complain about the amount of date it takes to receive credit card payments. Some transactions take weeks to process, leaving cabbies unpaid and unhappy. How lengthy will it take before New Yorkers start handing by the plastic rather than the paper? whether train stations, ballparks, and other places that recently began accepting credit cards are any indication, it will soon be smooth sailing for cabbies who take cards.

Orginal post by janna