Using contactless mobile payments and apps
What are contactless mobile payments?
They’re monetary transactions that happen digitally via your mobile device. They’re usually accessed through a contactless payment app know as a mobile wallet. This stores your credit and debit card details, which can be accessed by your device, for example, a smartphone.
How to use contactless payments on your mobile
- Your phone must have a special SIM or a sticker/tag. This helps to facilitate the payment process
- Payments are based on near field communications (NFC) technology, so you need to physically be within range of the payment reader (for example, a card machine) in order for it to work.
- Once your device is NFC-enabled and you’ve installed the app, it essentially lets you use your device as you could a credit or debit card.
Is there a charge for using contactless?
There’s typically no charge for using the contactless mobile payment system itself.However, you may be subject to other charges, like for mobile data or currency conversion charges, if applicable.
How many times a day can I use contactless mobile payments?
There’s no limit to the number of times you can make contactless mobile payments in a day. There is, however, a limit to the amount you can spend using contactless in a day, which is typically £30.
The benefits of using contactless mobile payments
The benefits to paying online with mobile include:
- Convenience, especially if you don’t want to carry your wallet around or have left it at home
- Faster – than counting out cash and change
- Safety – you don’t have to worry about carrying physical cash
- Security – the details aren’t stored on your phone but in the digital cloud, so thieves can’t access your details even if they’ve got access to your phone.
Mobile phone payments and fraud
As with any other digital transactions, mobile payments do come with risks too. Issues can include the following:
- The potential for fraud, through identity theft on contactless devices
- Paying for things accidentally – for example, you may authorise a payment by mistake before checking it.
When deciding whether mobile payments are for you, make sure to weigh the pros and cons. If you use it, find out more about safeguarding yourself against contactless fraud , to help you use contactless mobile payments more safely and securely.
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