Do you get charged for tapping your debit card?
Do you get charged for tapping your debit card? What does the RFID symbol on my card mean? The RFID-looking symbol on a debit or credit card is the EMVCo Contactless Indicator*. It indicates that your card can be used to tap to pay on a contactless-enabled payment terminal.
What happens when you tap your debit card?
Each time you insert or tap your card at a chip or contactless-enabled terminal, encrypted card data is sent to the terminal to process your transaction. This technology better protects you against counterfeit card fraud, and gives you a more secure experience during your transaction.
How many times can I tap my card?
There isn't a daily limit for the number of contactless payments. However, from time to time, when you shop using contactless payments, you'll be asked to put your card into the machine and enter your PIN to verify it's you, before you can use contactless again.
What are the disadvantages of contactless payment?
Because contactless payments require neither PIN nor signature authorisation, lost or stolen contactless cards can be used to make fraudulent transactions.
Is it better to swipe or tap?
Because there is limited physical contact with payment terminals and cashiers, there is a reduced risk of skimming devices or malicious software stealing your card information. By minimizing physical interaction, tap to pay helps protect against card cloning, counterfeit fraud, and other forms of tampering.