NYC Taxi Cab Touch Screen Payment: Tips Went Up By $144,146,165May 13, 2012 4:56 pm
Once in a while we spot some amazing stat that makes you think for a couple of minutes about how effective something – some process, system, scheme – has been. We spotted this today:
“In 2007, NYC forced cab drivers to begin taking credit cards, which involved installing a touch screen system for payment.
During payment, the user is presented with three default buttons for tipping: 20%, 25%, and 30%. When cabs were cash only, the average tip was roughly 10%. After the introduction of this system, the tip percentage jumped to 22%.
Those three buttons resulted in $144,146,165 of additional tips. Per year. Those are some very valuable buttons.”
Statistics Source: Unwieldy