What is the limit for contactless payments?

[Anonymous]

Is samsung pay, or any of the mobile wallets, treated the same by the CC companies and processors as a payment initiated directly from a contactless enabled card?

tmiw, yeah there does seem to be some reluctance to adopt it here in the US, but man is it convenient. I don't mind the no limit aspect personally. Now if I could figure out why my local grocery store is limiting it.

[Anonymous]

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@Anonymous wrote:
I've done business transactions for high 4 figures via Samsung Pay. Don't believe there is a limit unless one imposed by the retailer.

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Mobile wallets generally aren't subject to the same limits as contactless cards elsewhere, though, so I'm not sure that's indicative of anything. That said, considering that there's usually no PIN when inserting US issued cards, I doubt there's any value in imposing a hard limit on contactless use.

[Anonymous]

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@Anonymous wrote:

Is samsung pay, or any of the mobile wallets, treated the same by the CC companies and processors as a payment initiated directly from a contactless enabled card?

tmiw, yeah there does seem to be some reluctance to adopt it here in the US, but man is it convenient. I don't mind the no limit aspect personally. Now if I could figure out why my local grocery store is limiting it.

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Contactless cards actually tend to be limited to around $50 without a signature, and somewhere around $100 with one. 

Mobile wallets have authentication factors like fingerprint, PIN, or Face ID so they don’t tend to be limited as much. 

There is actually a case to be made that mobile wallets are more secure than the chip on the card itself and certainly more than the strip, especially in a world of credit card skimmers. 

[Shadowfactor]

I just completed a true contactless transaction for $570 at NTB.
I did have to sign

[Anonymous]

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@Anonymous wrote:

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Contactless cards actually tend to be limited to around $50 without a signature, and somewhere around $100 with one. 

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I contacted both Amex and Capital One earlier to ask about this. Both said that they have no limits on contactless transactions so long as they do not exceed my available credit. Is this something at the merchant/processor level as others have mentioned?

[simplynoir]

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@Anonymous wrote:

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@Anonymous wrote:

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Contactless cards actually tend to be limited to around $50 without a signature, and somewhere around $100 with one. 

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I contacted both Amex and Capital One earlier to ask about this. Both said that they have no limits on contactless transactions so long as they do not exceed my available credit. Is this something at the merchant/processor level as others have mentioned?

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More than likely yes. I'm pretty sure the banks just see it as a method of payment just like if you were going to swipe or insert the card into the PoS machine. There's no reason for them to limit how much you can pay as long as you have the credit available to make the purchase.

[Andypanda]

I made a prcgase for close to $900 with Apple Pay at Costco.

[Anonymous]

Just a DP. Tried google pay with Amex delta gold at CVS, around $101.4. Did not go through.

I was requested to give last 4 digit of credit card, but the POS device keep claiming the number provided was wrong (which is false).

Samsung pay is definitely different, it can mimic credit card magnet stripes, which is basically same as swiping the card.

[imaximous]

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@Anonymous wrote:

Just a DP. Tried google pay with Amex delta gold at CVS, around $101.4. Did not go through.

I was requested to give last 4 digit of credit card, but the POS device keep claiming the number provided was wrong (which is false).

Samsung pay is definitely different, it can mimic credit card magnet stripes, which is basically same as swiping the card.

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What last 4 digits did you give them? The ones on your actual card or virtual card?

The only reason why I think you'd get declined is if you used the last 4 numbers on your physical card. 

[Anonymous]

Aha, you are correct! I will try again tomorrow with virtual card number and see if that works.