Submitted by jimmysofat6864 t3_10oplmf in explainlikeimfive
confused-duck t1_j6h787e wrote
Reply to comment by scorch07 in ELI5: Why are contactless payment methods faster than inserting the chip? by jimmysofat6864
yeah I think about a decade ago there was like $10-$20 limit in poland per transaction and visa contacted bank during payment every 4-5 taps
not sure how mastercard worked
today I'm not certain about the limits - for sure more than $100 - but is it a hard limit or default to be changed in bank app, I have no idea
don't usually spend more in physical stores
stevehockey1 t1_j6ha4ti wrote
In Canada, it's $250. But it is usually set by banks and credit unions so it can vary from country to country. It's a hard-limit.
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