Contactless Payments Without A PIN?

Here you will find the right answers

About Moneyland Forum

The moneyland.ch forum lets you exchange knowledge on numerous topics related to money and get answers to your questions at any time. Join forum users and experts in discussions relating to banking, investment, insurance, retirement, telecom and everyday money topics.

Show categories

Please login in or sign up to participate in the forum.
 
avatar
  • BenutzernameMoneyland User Questions
  • Status Member
  • Registriert seit1/27/17
  • Beiträge2142

I thought that contactless payments did not require a PIN. Was I surprised when I was asked to enter a PIN when paying with the contactless function (I don't know my PIN by memory). Why would I have to type in a PIN?

 
avatar
  • BenutzernameMoneyguru von moneyland.ch
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4017

Hi there,

Currently, PIN-free contactless payments are limited to 40 Swiss francs per purchase. This limit is in place to protect you from fraulent transactions if your card is stolen or otherwise misapropriated. You can make payments of up to 40 francs without entering your PIN. Larger payments require PIN authentication.

Best regards from Moneyguru

More on this topic:
Swiss credit card comparison