When a merchant prompts you to tap, just bring your credit card or other payment-enabled device within a few inches of the Contactless Symbol on the terminal. Depending on the terminal, you will be required https://southbeachcapitaladvance.com/how-consumers-and-merchants-make-contactless-payments/ to tap above, below or on the screen. The transaction will be completed in a matter of seconds and your receipt will be displayed on the screen of the point-of sale or card terminal.

The use of contactless payments has increased dramatically in recent years, with Visa reporting in mid-2020 that contactless card spending had increased by more than 100% over the past year globally. Numerous merchants, such as grocery stores, restaurants vending machines, pharmacies, and even pharmacies are equipped with contactless terminals that you can swipe to pay for services or products. You can also connect your Visa contactless card to a smartphone or a digital wallet services such as Apple Pay or Android Pay, which makes it even more convenient to pay at the tap of a button.

What makes contactless transactions safe is that each tap generates a distinct, encrypted one-time code. It’s almost impossible for thieves or duplicate this code, which makes it extremely difficult to make fraudulent purchases. If your card is ever lost or stolen, your card issuer’s fraud departments can quickly identify and reverse any charges that are not authorized.

Like any new technology, there are scare stories however, it is important to be aware that contactless card are just as secure as traditional chip cards. The fraud departments of your card issuer are still there to safeguard you, and when something does go wrong your card is covered by Visa’s Zero Liability Policy.

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