Housewares Business-to-business magazine for housewares retailers and their suppliers
In response to extensive pressure from BRC (British Retail Consortium) and widespread consumer demand, the contactless limit for in-store card transactions will increase from £30 to £45.
This move is being introduced in response to the coronavirus epidemic, to reduce the need for physical contact with PIN-Entry Devices (PEDs) at points of sale.
BRC said the new contactless limit will be operational at some stores across the UK from April 1 but may take some time before it can be applied everywhere. For example, it may take longer to roll out at retailers who are currently operating at peak capacity.
BRC head of payments policy Andrew Cregan commented: “The last contactless limit increase to £30 took two years to implement but, given the extraordinary circumstances we face today, this new £45 limit will be rolled-out from next week.
“Some shops will take longer to make the necessary changes, given the strain they’re under. In the meantime, most customers can continue to make contactless payments for higher amounts using their smart phone.”
