As people are being encouraged to use less cash during the COVID-19 crisis, a new measure has been put in place.
The payments industry has worked quickly with the retail sector, governing bodies, regulators and card schemes, and from 1st April 2020, the contactless limit of £30 was increased to £45.
Since then, the contactless limit was reviewed again and increased to £100 from 15th October 2021.
That means your customers can tap to pay by contactless for payments up to £100, reducing the volume of transactions that need a PIN entry, helping to keep both you and your customer safe.
Stephen Jones, CEO of UK Finance, said:
“The payments industry has been working closely with retailers to be able to increase the contactless payment limit to help customers with their shopping at this critical time for the country.
“This will give more people the choice to opt for the speed and convenience of purchasing goods using their contactless card, helping to cut queues at the checkout.”
For more information and guidance during the current pandemic, visit our hub here.