Introduction
As a taxi driver, providing passengers with convenient and secure payment options is essential. With the increasing reliance on cashless transactions, having a reliable EFTPOS (Electronic Funds Transfer at Point of Sale) machine is crucial for maximizing earnings and customer satisfaction.
This guide explores the best EFTPOS machines for taxi drivers, covering their features, benefits, pricing, and how to choose the right one for your business.
Why Do Taxi Drivers Need a Reliable EFTPOS Machine?
1. Increasing Demand for Cashless Payments
Passengers today prefer card payments and mobile wallets over cash. A taxi equipped with an EFTPOS machine ensures that no ride is lost due to a lack of payment options.
2. Faster Transactions
EFTPOS machines process payments within seconds, reducing wait times and allowing for quicker turnaround between rides.
3. Better Security
Handling cash increases the risk of theft or loss. Digital payments through secure EFTPOS terminals minimize these risks, ensuring safer transactions.
4. Higher Customer Satisfaction
Offering multiple payment options improves customer experience, leading to positive reviews and repeat business.
5. Compliance with Regulations
Many cities and transport authorities require taxis to offer electronic payment options, making an EFTPOS machine a necessity.
Top EFTPOS Machines for Taxi Drivers in 2025
1. LiveTap for Taxi
Features:
- Turns your Android smartphone into an EFTPOS terminal (no extra hardware required).
- Accepts Visa, Mastercard, American Express, Apple Pay, and Google Pay.
- Digital receipts via SMS or email.
- No upfront costs or lock-in contracts.
- Earn Qantas Points on transactions.
Why Choose LiveTap for Taxi?
Low-cost solution for drivers who don’t want additional hardware.
Seamless integration with mobile phones.
Great for independent taxi drivers who prefer a hassle-free system.
Potential Drawbacks:
Requires an Android smartphone (not available on iPhone).
No printed receipts (only digital).
2. Ingenico DX8000 (by Live Payments)
Features:
- Portable EFTPOS terminal with a compact design.
- Supports 4G and Wi-Fi connectivity for reliability.
- Accepts all major credit/debit cards and mobile wallets.
- Prints receipts instantly.
- Offers features like dynamic surcharging and tipping options.
Why Choose Ingenico DX8000?
Trusted brand with excellent performance.
Great for taxi fleets due to its durability.
Multiple connectivity options (4G & Wi-Fi) ensure stable transactions.
Potential Drawbacks:
Requires hardware investment (higher upfront cost).
Slightly bulkier compared to mobile-based solutions.
3. MyCabDriver with Square Reader
Features:
- Uses the Square contactless card reader for easy payments.
- Compact design makes it easy to install inside a taxi.
- Accepts Visa, Mastercard, and mobile payments.
- Low transaction fees with transparent pricing.
- Works via Bluetooth with a smartphone or tablet.
Why Choose MyCabDriver with Square Reader?
Cost-effective for taxi drivers.
User-friendly interface with easy setup.
Perfect for independent drivers who want simple payment processing.
Potential Drawbacks:
Requires smartphone connectivity (Bluetooth dependent).
No built-in receipt printer (digital receipts only).
4. Tyro EFTPOS for Taxis
Features:
- Seamlessly integrates with taxi dispatch systems.
- Accepts tap-and-go, chip, and PIN payments.
- Superfast processing speeds (ideal for high-volume taxi services).
- Offers contactless payments for hygienic transactions.
- Available with portable options for easy use inside vehicles.
Why Choose Tyro EFTPOS?
Reliable for fleet operators and taxi services.
Fast transaction speeds minimize delays.
Works with existing taxi dispatch systems.
Potential Drawbacks:
Higher transaction fees than some other options.
May require contract-based agreements.
How to Choose the Best EFTPOS Machine for Your Taxi
1. Consider Cost and Fees
- Look for transparent pricing with no hidden charges.
- Compare transaction fees (flat rate vs. percentage-based fees).
2. Check Compatibility
- If you use a dispatch system, ensure the EFTPOS machine integrates smoothly.
- Choose a machine that supports your preferred payment methods.
3. Portability and Installation
- Ensure the machine fits comfortably in your taxi.
- A wireless option (4G/Wi-Fi) is preferable for seamless transactions.
4. Security and Compliance
- The EFTPOS system should meet PCI DSS compliance for secure transactions.
- Look for machines with fraud prevention features.
5. Ease of Use
- The device should have a simple interface for both the driver and passengers.
- Fast processing speed is key to keeping transactions smooth.
Conclusion: The Best EFTPOS Machine for You
Choosing the best EFTPOS machine depends on your budget, transaction volume, and specific needs as a taxi driver. Here’s a quick recap:
- Best for Independent Drivers: LiveTap for Taxi (low-cost, mobile-based solution).
- Best for Fleets: Ingenico DX8000 (rugged, reliable, and fast).
- Best Budget Option: Square Reader with MyCabDriver (low transaction fees, easy setup).
- Best for Advanced Features: Tyro EFTPOS (seamless taxi dispatch integration, high-speed transactions).
Investing in the right EFTPOS machine can enhance your taxi business, offering faster, safer, and more convenient payment processing for passengers.