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The limits are up to the provider, phone payments are more secure because they require you to unlock so generally the providers have higher or no limits It doe
by shawabawa3 4y ago
The limits are up to the provider, phone payments are more secure because they require you to unlock so generally the providers have higher or no limits
It doesn't change the fact that the reader doesn't know if it's a phone or not, it's just a contactless payment standard
- rswail 4y agoThe providers (and the readers) can't tell if it is a physical card or a secure element on a phone. So there aren't "different limits" for Apple/Google/Samsung Pay compared to using your physical Visa/MC/Amex/Discover/etc card.
- shawabawa3 4y agoI wasn't very clear with the word "providers" > So there aren't "different limits" for Apple/Google/Samsung Pay compared to using your physical Visa/MC/Amex/Discover/etc card. Not from the _payment_ provider (mastercard/visa/etc), but from the _card_ provider (google pay/apple pay/banks) - e.g. my Bank card has a contactless limit of £100, but that same card via Google Pay has a limit of ??? (never reached it, thousands probably)