Contactless payments to increase to £100 from 15/10

cheesefest

cheesefest

cheesefest

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It’s currently £45. I find this so wrong to increase this to £100. Some people on a tight budget may get themselves into trouble as they forget how much they are spending.

Also in shops, some people don’t understand when their payments have declined- a double beep, instead of a single long beep. Some tap card on machine, leave immediately before the payment has declined.

Sometimes customers are required to pay by chip n pin every now and then. It’s the bank, NOT the shop that decides this. Some customers get het up when they have to enter their PIN. How many seconds extra does it take to enter a PIN? Two! Then get those who don’t know their PIN. How do they cope if they spend above the contactless limit?

What do you think about the increase of the contactless limit? What other implications other than the ones mentioned above do you think will occur?
 
Personally I always wait until cashier or whatever has confirmed payment has gone through, assuming not self-service, etc. though it isn't clear when contactless has been declined sometimes.

Don't really see a problem with raising the limit though - in fact personally in favour of that - makes it very useful when filling up with fuel to minimise potential possibilities of picking up or spreading COVID (or any other common cold, etc.). If people need that limit to help them manage their finances they have much bigger issues and are going to end up in a bad place one way or another.
 
£100 seems high to me. Going to be a right headache if you lose your card or phone and someone has been going round spending £100 everywhere until you realise.
 
No issues at all other than scammers will now actively target it more as more money to be made.

If you cannot figure out how much you are spending that's a you problem not a bank problem.

I have several apps on my phone that tells me from 6 different banks and I can see my balance instantly and all I need is my thumb to login.

I had one card be declined because it expires in 2 months and the card is in a horrible state where the card has actually cracked beside the chip. The woman at the till felt like she had to state it 3 times when I can see it was being declined as soon as I put the card in. I even tried the whole polish the card and wipe it but then just picked another from my wallet and used that.

Some folk who work in shops get eager over the smallest of things. I literally just ordered a new card yesterday because it's not going to last the next 2 months as the crack has gotten worse.

I'm all for touch and go. It's a much better system.
 
Only issue I'd see is a lost/stolen card could now cost you £100 from a single tap.

If my limit increases to £100 I will likely drop it to £50 on my account, it's fairly rare I spend more than that in one transaction when out and about (most bigger purchases are done online including the weekly shop)
 
Yet there doesn’t seem to be any limit on Apple Pay but people are getting wound up about an increase to £100 on contactless
 
Only issue i have is if the touch is declined or fails for some reason then you pay with chip and pin. At my bank it quite often reserves the failed touch anyway for a few days as a pending transaction and takes the real one too, so I'm out of pocket while it sorts its self out...

Might be a Mastercard thing or the particular supermarket where it frequently happens...


Will lead to more fraud but its so bloody convenient....
 
Makes no difference to me as I do not carry my wallet with me.

Use Google pay for all my payments (watch/phone)
 
233 said:
Yet there doesn’t seem to be any limit on Apple Pay but people are getting wound up about an increase to £100 on contactless
Click to expand...

Don't you need to authorise payments by unlocking device or using thumbprint?

I use Google Pay and it asks me to do this most of the time. Not sure how Apple Pay works.
 
Richie said:
Don't you need to authorise payments by unlocking device or using thumbprint?

I use Google Pay and it asks me to do this most of the time. Not sure how Apple Pay works.
Click to expand...

I'm normally very much in with latest tech but the whole phone NFC payment is one I've never used. For some reason I just don't trust it. Plus I usually have my wallet with me anyway as most petrol stations require chip and pin.
 
233 said:
Yet there doesn’t seem to be any limit on Apple Pay but people are getting wound up about an increase to £100 on contactless
Click to expand...

The limit for Apple Pay is set by the seller or the EPOS system operator. Somebody in the USA purchased an $800,000 sports car using Apple Pay shortly after it was launched.

Good luck intercepting or altering a transaction using one-time secure tokens over an NFC connection lasting a fraction of a second.
 
I've not carried a wallet with me since well before covid.

iPhone takes care of everything. No limit on contactless, much more places take contactless now due to covid. Easy :)
 
cheesefest said:
It’s currently £45. I find this so wrong to increase this to £100. Some people on a tight budget may get themselves into trouble as they forget how much they are spending.
Click to expand...
If that is enough to get them in trouble then they need more assistance than a lower contactless limit can provide.

Also in shops, some people don’t understand when their payments have declined- a double beep, instead of a single long beep. Some tap card on machine, leave immediately before the payment has declined.

Sometimes customers are required to pay by chip n pin every now and then. It’s the bank, NOT the shop that decides this. Some customers get het up when they have to enter their PIN. How many seconds extra does it take to enter a PIN? Two! Then get those who don’t know their PIN. How do they cope if they spend above the contactless limit?
Click to expand...
How is a higher limit going to make this worse?

What do you think about the increase of the contactless limit? What other implications other than the ones mentioned above do you think will occur?
Click to expand...

I don't think your points are implications at all.
 
The amount and ease of fraud with a stolen card is a slight worry, but software is fairly good at spotting anomalous spending patterns and the speed banks refund fraudulent transactions nowadays usually means it's more of an inconvenience than a major issue IME.
 
I can see this is where its going, the only fears are physical theft of card related really. Not sure how well it would go if you didn't realise it was gone till the next day and they had been tapping your card all over the place...

I've been 90% apple pay since lockdown and rarely go out with my card nowl. Its rare that its a problem and I get hit with the current £45 limit imposed by the vendor, I think the last time was in a garden centre and we split the purchase into two separate transactions. Feels secure, as soon as my watch is off my wrist it won't work, it only triggers when I have enabled it.
 
cheesefest said:
Sometimes customers are required to pay by chip n pin every now and then. It’s the bank, NOT the shop that decides this.
Click to expand...

This causes an issue on public transport that accepts contactless payment. Most operators use POS terminals that don't have a PIN pad.

On ours the system simply declines the card however our system doesn't give a reason when a card declines so we don't know if it's insufficient funds or pin reqd
 
The only place I've been to that imposes the contactless limit on Apple Pay is Tesco. Everywhere else, there's no limit. That's fine by me, Apple Pay is far more secure than a contactless card anyway.
 
Great news, they announced in back in March and i'm constantly asking shop people when it's meant to be increasing!
 
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