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saywherefore t1_j6hdf3r wrote on January 30, 2023 at 9:38 AM

Reply to comment by r2k-in-the-vortex in ELI5: Why are contactless payment methods faster than inserting the chip? by jimmysofat6864

The payment can be cleared in real time, but doesn’t have to be. And if the payment is cleared in real time then a contactless payment will take just as long as a chip and pin transaction (minus the human faff).