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Contactless payments now more popular than chip and PIN - MSE News

Former_MSE_Callum
Former_MSE_Callum Posts: 696 Forumite
Third Anniversary 10 Posts I've been Money Tipped! Newshound!
in Credit cards
Contactless payments are now more popular than chip and PIN card payments in UK stores, according to payment processing company Worldpay....
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'Contactless payments now more popular than chip and PIN'
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Comments

  • James
    James Posts: 2,059 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Especially for the bad guys who pinch your cards
  • Chino
    Chino Posts: 2,031 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    An odd use of the adjective "popular".
    Whilst one payment method might be described as being more commonly used than another, or preferred by people to another, it could hardly be described as "popular".
  • agrinnall
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    Chino wrote: »
    An odd use of the adjective "popular".
    Whilst one payment method might be described as being more commonly used than another, or preferred by people to another, it could hardly be described as "popular".


    I don't see why not:


    "Liked or admired by many people or by a particular person or group"


    https://en.oxforddictionaries.com/definition/popular



    Seems like an appropriate definition to me. Contactless has certainly become more popular with me over the last year or so.
  • Nasqueron
    Nasqueron Posts: 10,844 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    James wrote: »
    Especially for the bad guys who pinch your cards

    £30 limit for a few little while before the card is reported stolen and you get your money back. Last of the big spenders...

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • aj23_2
    aj23_2 Posts: 1,155 Forumite
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    So more people are using cards for purchases under £30 than above £30? I don't buy that.
  • Fortyfoot
    Fortyfoot Posts: 1,961 Forumite
    Part of the Furniture 1,000 Posts
    I used mine in the Amber shop in Peuerto de la Cruz Tenerife in February this year to buy fags and booze and they made two additional charges to my account for the original purchase, about £140 in total. So no £30 limit in Tenerife.

    I did not ask for one of these cards they sent it to me when the old one expired. So not popular, just forced onto customers. I am asking for the old chip and pin back, it's too risky.

    Morrisons charged me for my meal and the drinks of the chap behind me!

    Halifax Clarity got my money back for me.

    Fortyfoot
  • obay
    obay Posts: 570 Forumite
    When I was in italy, the limit was €5,000

    They ask you to flash your card, and then the pin number goes in for any amount. Which to me, is a fantastic way of doing it. We are so far behind with technology advances.
    [STRIKE]1/12/16 - £152,599.00 [/STRIKE]
    [STRIKE]11/11/17 - £145,990.00 [/STRIKE] <> Overpaid £3916.
    11/11/18 - £142,074.00
    Barclays Car (5.99%)£0/£8,832.37
  • PaulSh
    PaulSh Posts: 21 Forumite
    Fortyfoot wrote: »
    Morrisons charged me for my meal and the drinks of the chap behind me!
    Which is why contactless cards should always be kept in a "Faraday cage" wallet or slipcase that is designed to prevent this from happening.
  • PaulSh
    PaulSh Posts: 21 Forumite
    Nasqueron wrote: »
    £30 limit for a few little while before the card is reported stolen and you get your money back. Last of the big spenders...
    The problem is that the card can still be used for low-value payments (ones that don't exceed a merchant's "floor limit") after it is reported stolen, so you have to keep an eye on your account for a while and report fraudulent payments. The banks are still supposed to working out how to stop this from happening.
  • aj23_2
    aj23_2 Posts: 1,155 Forumite
    1,000 Posts Third Anniversary Name Dropper Combo Breaker
    I stayed in Australia with a friend and their limit is about £70 for contactless. Even for Chip and Pin, you don't get asked to enter your PIN for under $10 or so.
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