Rates vary by vehicle type, size, passengers and distance, and by regulation all taxicab fares must be calculated using a taximeter and be payable in cash or credit card.
Signs of an ex-taxi are vinyl, rather than cloth, upholstery, severe wear both inside and out, holes where signs and a taximeter have been removed, and possibly a paint respray.
These soon replaced the hackney carriage as a vehicle for hire and with the introduction of a clockwork mechanical taximeter to measure the fare, the name became taxicab.
Generally, the companies supply their drivers with insurance, a dispatch system and the pricey taximeter technology the city requires to be installed in vehicles picking up patrons.