Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> Contactless already has transaction limits so clearly payment method-specific transaction limits do not create "unacceptable missed profit".

This isn't true with US payment cards, in my experience. I've charged over $1000 on a credit card multiple times while using contactless methods (both RFID and Apple Pay, specifically). I was also able to do the same with my (American) cards while in Europe.



Apple/Android pay is generally unlimited here in the UK, but using contactless cards is limited to £40, blanket.

This is because contactless card payments have no cardholder verification.

I am quite surprised if you can do that with your cards in Europe as the limit is usually enforced on/by the merchant, not the card.


Can tap-to-pay with no verification up to 500NOK (approximately $55), over that amount I have to type my pin. No limit with pin as far as I can tell.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: