Contactless cards have been around now for 10 years, and it seems difficult to imagine a time where you couldn’t just quickly beep your card for small transactions.
However, some people are still wary of using contactless cards and consider them unsafe.
If this sounds like you, fear not, as we’re going to bust some of the top myths about contactless cards so you feel more confident using them.
If someone finds or steals your cards, they can use up all the money in your bank
It is right to be cautious about bank fraud and theft, but contactless cards are generally safe and it is impossible for thieves to steal large amounts of money.
There is an upper transaction limit of £30 on contactless cards, so nothing over this amount can be used at once.
Also, after making a certain number of card transactions (contact your card provider to find out exactly how many), the card terminal will ask you to re-enter your pin to make sure it is you that’s using it.
If you lose your card or someone steals it, make sure you cancel it straight away through your provider.
If a thief does try to use it, banks and card providers’ fraud departments will investigate as soon as possible.
You will be refunded once it has been proven the contactless payments have not been by you and legal documents have been signed and delivered to your bank’s fraud investigation team.
People can steal your money and information with contactless readers
It is a common myth that a thief can steal money from your contactless card using a small card reader hidden on their person if they are near you.
This is nonsense, as contactless cards are only designed to be used with official retail chip and pin machines if you tap the card on the screen, so don’t worry about short range or long range theft.
Money will come out your account automatically if you are near a contactless point of sale
Money will not be debited from your card if you simply walk past a chip and pin machine.
You must tap the card on the machine, and only after the machine operator has keyed in the amount and lets you check it, or if you have keyed in the option yourself while using a self-service machine. You would have to physically approach the chip and pin terminal to pay.
February 28, 2018