Jump to content

📣 News | Contactless Purchase Limit Increases Tomorrow from £45 to £100 💳

Hereford Voice

Recommended Posts

Contactless Limit Increases to £100


The maximum amount was increased from £30 to its current level at the start of the pandemic, and plans to raise it further were announced in the Budget.

The pandemic accelerated a move away from cash, with shoppers often being encouraged to use contactless in many stores to reduce close contact between staff and customers. Nearly two-thirds of all debit card transactions are made via the tap-and-go technology.

The decision to raise the upper limit from £45 to £100, breaking away from EU-wide limitations, was made by the Treasury and the Financial Conduct Authority in the wake of a public consultation and discussions with banks and the retail sector.

UK Finance, the body representing banks, said the rollout would begin on 15 October, with some retailers accepting the higher payments straight away.

It said terminals would need to be updated, and that it would take “some time” for the £100 limit to be available at all checkouts.

If you are worried about misuse, check with your bank / banking app as some will allow you to set a cap or limit, or to deactivate the contactless option completely.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...