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Because of Brexit

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By *ust some cock sucker OP   Man
over a year ago

Preston

So because we are now out of the EU...


" Chancellor Rishi Sunak will announce the contactless limit for credit and debit cards will be increased from £45 in the Budget to £100, to allow retailers to cash in on the increase in contactless payments since the start of the pandemic.

And the value of transactions which can be made in a row without a Pin will be increased to £300, up from £130 currently, £100 more than what had been proposed by regulators.

It suggests the Chancellor is aiming for a consumer spending-led recovery from the coronavirus pandemic, but has raised concerns about fraud.

"

This topic sits firmly within the bracket of "because of Brexit" that Rishi Sunak has decided to more than double the limit for contactless transactions.

I'm not really sure if I can see a tangible benefit to this if you are comparing \ offsetting against the negative of losing your card and someone being able to spend more of your money and quicker too.

So is it a Brexit bonus for you? or is it just a case of "coz we can" now?

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By *wisted999Man
over a year ago

North Bucks

It’s a lot of money that could disappear very quickly. I am going to invest in a wallet shield.

I think the current amount was fine.

My PIN has never put me off spending before. So this gimmick is not going to be the thing I’m going to factor in when I want to spend.

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By *oo hotCouple
over a year ago

North West


"So because we are now out of the EU...

Chancellor Rishi Sunak will announce the contactless limit for credit and debit cards will be increased from £45 in the Budget to £100, to allow retailers to cash in on the increase in contactless payments since the start of the pandemic.

And the value of transactions which can be made in a row without a Pin will be increased to £300, up from £130 currently, £100 more than what had been proposed by regulators.

It suggests the Chancellor is aiming for a consumer spending-led recovery from the coronavirus pandemic, but has raised concerns about fraud.

This topic sits firmly within the bracket of "because of Brexit" that Rishi Sunak has decided to more than double the limit for contactless transactions.

I'm not really sure if I can see a tangible benefit to this if you are comparing \ offsetting against the negative of losing your card and someone being able to spend more of your money and quicker too.

So is it a Brexit bonus for you? or is it just a case of "coz we can" now?"

America had a huge problem with electronic theft and some years ago stopped contactless altogether before reinstating it, but reducing the limit to (as I recall) $25.

As long as the technology is secure - this is good and convenient news. Unfortunately, I don’t trust this Government to have done their risk analysis before pulling the trigger.

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By (user no longer on site)
over a year ago


"So because we are now out of the EU...

Chancellor Rishi Sunak will announce the contactless limit for credit and debit cards will be increased from £45 in the Budget to £100, to allow retailers to cash in on the increase in contactless payments since the start of the pandemic.

And the value of transactions which can be made in a row without a Pin will be increased to £300, up from £130 currently, £100 more than what had been proposed by regulators.

It suggests the Chancellor is aiming for a consumer spending-led recovery from the coronavirus pandemic, but has raised concerns about fraud.

This topic sits firmly within the bracket of "because of Brexit" that Rishi Sunak has decided to more than double the limit for contactless transactions.

I'm not really sure if I can see a tangible benefit to this if you are comparing \ offsetting against the negative of losing your card and someone being able to spend more of your money and quicker too.

So is it a Brexit bonus for you? or is it just a case of "coz we can" now?"

Holland have a 100 euro limit, we could have done this when we were in the EU

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By *ust some cock sucker OP   Man
over a year ago

Preston


"So because we are now out of the EU...

Chancellor Rishi Sunak will announce the contactless limit for credit and debit cards will be increased from £45 in the Budget to £100, to allow retailers to cash in on the increase in contactless payments since the start of the pandemic.

And the value of transactions which can be made in a row without a Pin will be increased to £300, up from £130 currently, £100 more than what had been proposed by regulators.

It suggests the Chancellor is aiming for a consumer spending-led recovery from the coronavirus pandemic, but has raised concerns about fraud.

This topic sits firmly within the bracket of "because of Brexit" that Rishi Sunak has decided to more than double the limit for contactless transactions.

I'm not really sure if I can see a tangible benefit to this if you are comparing \ offsetting against the negative of losing your card and someone being able to spend more of your money and quicker too.

So is it a Brexit bonus for you? or is it just a case of "coz we can" now?

Holland have a 100 euro limit, we could have done this when we were in the EU "

I didn't know that.

I heard on LBC that the EU limit was set at €50 and that's why we can now raise it to whatever we want.

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By *ove2pleaseseukMan
over a year ago

Hastings

I think £100 is to much £45 £50 is more then enough. It's probably once a week I spend more then that.

Will.i just forget my pin?

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By *entleman_spyMan
over a year ago

nearby

It’s perfect for me, the more the better at this point ami can stop carrying my wallet and just use my phone, some of my cards on the phone are limitless, unless the shop has a limit itself. But now all will be this is a great step forwards !

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By *ercuryMan
over a year ago

Grantham


"So because we are now out of the EU...

Chancellor Rishi Sunak will announce the contactless limit for credit and debit cards will be increased from £45 in the Budget to £100, to allow retailers to cash in on the increase in contactless payments since the start of the pandemic.

And the value of transactions which can be made in a row without a Pin will be increased to £300, up from £130 currently, £100 more than what had been proposed by regulators.

It suggests the Chancellor is aiming for a consumer spending-led recovery from the coronavirus pandemic, but has raised concerns about fraud.

This topic sits firmly within the bracket of "because of Brexit" that Rishi Sunak has decided to more than double the limit for contactless transactions.

I'm not really sure if I can see a tangible benefit to this if you are comparing \ offsetting against the negative of losing your card and someone being able to spend more of your money and quicker too.

So is it a Brexit bonus for you? or is it just a case of "coz we can" now?

Holland have a 100 euro limit, we could have done this when we were in the EU "

The 100 euro contactless limit in Holland, is an emergency measure because of covid, but still requires a PIN entry.

They have removed the historical need for PIN entry for contactless payments under 25 euros.

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By *mmabluTV/TS
over a year ago

upton wirral

It is also more for a thief to pinch and they do not need to take the card thery can read it,in future will not carry a card with me cash only

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By (user no longer on site)
over a year ago


"It is also more for a thief to pinch and they do not need to take the card thery can read it,in future will not carry a card with me cash only"

Isn't cash even easier to nick, don't even need any fancy equipment.

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By *ackal1Couple
over a year ago

Manchester


"It is also more for a thief to pinch and they do not need to take the card thery can read it,in future will not carry a card with me cash only

Isn't cash even easier to nick, don't even need any fancy equipment."

Emma is right ( hard to admit that )

If you lose £100 out your pocket that’s it.

Lose your card and it’s £100 in every shop until you report your card stolen.

Credit card company may credit you but depends on circumstances .

Debit card you’re on your own.

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By (user no longer on site)
over a year ago


"It is also more for a thief to pinch and they do not need to take the card thery can read it,in future will not carry a card with me cash only

Isn't cash even easier to nick, don't even need any fancy equipment.

Emma is right ( hard to admit that )

If you lose £100 out your pocket that’s it.

Lose your card and it’s £100 in every shop until you report your card stolen.

Credit card company may credit you but depends on circumstances .

Debit card you’re on your own.

"

Just have an rfid wallet or purse or card pouch?

I'm guessing more people have cash stolen than have their cards copied? Simply because you don't need specialist equipment to do it.

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By *ercuryMan
over a year ago

Grantham


"It is also more for a thief to pinch and they do not need to take the card thery can read it,in future will not carry a card with me cash only

Isn't cash even easier to nick, don't even need any fancy equipment.

Emma is right ( hard to admit that )

If you lose £100 out your pocket that’s it.

Lose your card and it’s £100 in every shop until you report your card stolen.

Credit card company may credit you but depends on circumstances .

Debit card you’re on your own.

"

Get a card thats linked to your phone. Everytime I make a transaction, my phone instantaneously tells me where and for how much.

It also gives me the option of freezing the card there and then.

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By *renzMan
over a year ago

Between Chichester and Havant

Not sure it is Brexit related, more covid, I feel. Less need to physically touch something that others touch.

I do agree that the increase is to big, but I can see why it has been done, if it is covid related.

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By *ackal1Couple
over a year ago

Manchester


"It is also more for a thief to pinch and they do not need to take the card thery can read it,in future will not carry a card with me cash only

Isn't cash even easier to nick, don't even need any fancy equipment.

Emma is right ( hard to admit that )

If you lose £100 out your pocket that’s it.

Lose your card and it’s £100 in every shop until you report your card stolen.

Credit card company may credit you but depends on circumstances .

Debit card you’re on your own.

Get a card thats linked to your phone. Everytime I make a transaction, my phone instantaneously tells me where and for how much.

It also gives me the option of freezing the card there and then. "

Yes I’ve got that but you’re in a street and don’t hear your update?

It’s all about being sensible.

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