In March 2020, in the context of the COVID-19 pandemic, Banco de Portugal increased the limit for contactless multi-Card payments, without the need to introduce PIN from 20 to 50 euros. The measure aimed to encourage payments without physical contact, minimizing the risk of contagion. Due to the growing consumer adhesion to this form of payment, the limit of 50 euros was made permanent in July 2020. Learn now more in this article.
Is it safe to use contactless?
Yes. According to (CGD), contactless technology uses advanced encryption to ensure transactions safety. In addition, it avoids physical contact with payment terminals, which represents an additional advantage in terms of hygiene and protection.
How to identify a contactless card?
The cards that support this technology have a specific symbol similar to Wi-Fi, but vertically oriented. If your card displays this symbol, it means that you can make payments without contact.
Where can you use contactless payments?
This functionality is available to all traders who accept electronic payments and display the contactless symbol. Supermarkets, shops, cafes, restaurants and gas stations are some of the places where this option is common.
Are payments made automatically?
No. According to the same source, for a payment to be made, the merchant has first to introduce the amount to the terminal. Only after the customer brings the card closer to a distance between 1 and 3 centimeters, the transaction will be completed. This prevents payment from being made by mistake.
Is there a risk of duplicate payments?
No. Contactless terminals only allow one transaction at a time. Before a new payment is authorized, the previous transaction must be finalized or annulled, which prevents double charges, explains CGD.
How many payments can I make without inserting the pin?
Although the limit by transaction without PIN is 50 euros, there is a cumulative limit of 150 euros. Once this amount is reached, the PIN code will be requested on the next purchase to reinforce security.
What if the purchase value exceeds 50 euros?
For purchases over 50 euros, the system always requires the introduction of the PIN code, regardless of the number of previous transactions.
What to do in case of loss or theft of the card?
If the card is lost or stolen, it must be immediately canceled with the issuing entity. Since contactless payments up to 50 euros do not require PIN, there is a risk of improper use if it is not blocked quickly.
How to monitor contactless transactions?
Banks recommend that customers enable transaction notifications and regularly consult bank movements to identify any misuse of the ATM card.
Conclusion
Contactless payments are a practical and safe option for everyday life, offering speed and convenience. However, it is important to know the limits, safety rules and good practices to ensure quiet and risk -free use.
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