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[Finance] Contact less spend to rise to £100.



Leekbrookgull

Leekbrookgull

Well-known member
Jul 14, 2005
16,252
Leek
Just how true some of the reasons given for this seem questionable as in speed of transaction along with no Covid contact with pin numbers ? It seems now out of the EU banks are able to up the limit on contact less payments. Maybe i am wrong (no doubt) but the timing of this allows individuals/families to spend their supposed Covid savings due to not spending but they were probably using those savings to pay off outstanding debts already. For me or us contact less is a very easy way to spend to much. :dunce:
 




Harry Wilson's tackle

Harry Wilson's tackle

Harry Wilson's Tackle
NSC Patron
Oct 8, 2003
50,122
Faversham
Fine by me. :shrug:
 


bluenitsuj

bluenitsuj

Listen to me!!!
Feb 26, 2011
4,358
Willingdon
It is far too high. You lose your card and now £100 can be spent with no pin needed. As long as the banks 100% cover any losses
 




Paulie Gualtieri

Paulie Gualtieri

Bada Bing
NSC Patron
May 8, 2018
9,237
Strong Customer Authentication will still apply there will still be a limit before a pin is required
 




beorhthelm

beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
35,310
Leekbrookgull said:
Just how true some of the reasons given for this seem questionable as in speed of transaction along with no Covid contact with pin numbers ? It seems now out of the EU banks are able to up the limit on contact less payments. Maybe i am wrong (no doubt) but the timing of this allows individuals/families to spend their supposed Covid savings due to not spending but they were probably using those savings to pay off outstanding debts already. For me or us contact less is a very easy way to spend to much. :dunce:
Click to expand...

peculiar view. why does tapping rather than a PIN make it any easier to spend? did anyone ever browse around a shop, pick something get to the till and think "oh no i've got to put in my PIN. best put this back."?
 


nicko31

nicko31

Well-known member
Jan 7, 2010
17,604
Gods country fortnightly
Can you destroy the chip on your card and it still work with a pin number?
 
















ChickenBaltiPie

ChickenBaltiPie

Well-known member
Jan 3, 2014
807
Nothing to worry about. You’re not liable. It’s a great thing, and nothing to do with the EU. The markets set their own limits and they’re all different and change constantly.
 


Beach Hut

Beach Hut

Brighton Bhuna Boy
Jul 5, 2003
71,970
Living In a Box
So it is 17:15 on a weekday on BBC1 - Pointless
 








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