Contactless payment helps customers pay for goods or services with a Debit or Credit Card featuring RFID technology. Nowadays, everyone opts for cards as a payment method featuring RFID technology. The transaction is very smooth and seamless as customers pay for a service or goods without any contact. Let us dig deeper into what is a contactless debit card and credit card.
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Contactless Payment allows customers to pay for items without handing in any cash or swiping cards. To make a contactless payment all you need to do is ‘Tap’ or ‘Wave’ your card over a card reader. After this, the terminal will connect the bank account for a quick transfer of money. One of the other advantages of the contactless card is that you don't need to enter a PIN to transfer money. A customer is allowed to use contactless credit or debit cards for purchases under Rs.2,000. The payment you make is completely secure since you are in full control of your card.
The Contactless cards contain an EMV chip with the usual credit or debit card number, expiry date, security code and magnetic stripe. You can use this card as many times as you want in a day. Each contactless transaction has a unique, or one-time code or password which is again a secure mode of payment.
You can use contactless cards in grocery stores, restaurants, gas stations, and wherever you find you will need one.
I hope I was able to clear your doubt regarding what is a contactless debit card and credit card.
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Authors Of The Question
What is contactless card?
Dainik
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1 Answers
2 Year
2022-08-23T10:41:22+00:00 2022-08-24T18:05:58+00:00Comment
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