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scorch07 t1_j6gvy2a wrote

Reply to comment by certifiedintelligent in ELI5: Why are contactless payment methods faster than inserting the chip? by jimmysofat6864

I suspect this is because the US adopted it later when doing live authorizations was more feasible/the norm. I believe NFC was adopted much earlier in Europe and other areas when live authorization was less common, so the limits were implemented. This is just a guess, though.

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confused-duck t1_j6h787e wrote

yeah I think about a decade ago there was like $10-$20 limit in poland per transaction and visa contacted bank during payment every 4-5 taps
not sure how mastercard worked

today I'm not certain about the limits - for sure more than $100 - but is it a hard limit or default to be changed in bank app, I have no idea
don't usually spend more in physical stores

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stevehockey1 t1_j6ha4ti wrote

In Canada, it's $250. But it is usually set by banks and credit unions so it can vary from country to country. It's a hard-limit.

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