ACS: Contactless Payment Limit Rises to £100 from Today

From today (15th October) the contactless payment limit in shops is increasing from £45 to £100 with the aim to make in store purchases more convenient.

Contactless payments allow shoppers to pay for goods or services by tapping their debit or credit card onto a card terminal without having to input their PIN.

The contactless limit increased from £30 to £45 in April last year as part of measures to prevent the spread of Covid-19.

Shoppers will start to see the increased contactless limit of £100 in stores starting today, however the software on card payment machines will be updated to accept the new limit gradually, so will not necessarily be available in every store immediately.

Findings from ACS’ 2021 Local Shop Report show that 85% of convenience stores offer contactless card and mobile payments. 

Guidance for retailers is available here: https://www.ukfinance.org.uk/system/files/Guide-for-retailers-8-October-2021.pdf

More information is available here: https://www.acs.org.uk/advice/contactless-payments

This entry was posted by Chloe on Fri, 15/10/2021 - 12:31
Category