Covid-19: Increase of the limit for contactless transactions
Covid-19: Increase of the limit for contactless transactions with debit and credit cards from €25 to €50
Limiting and avoiding the use of cash for consumers’ transactions is one of the important recommendations provided by the health authorities in order to protect ourselves more effectively from the coronavirus.
In an effort to boost contactless transactions, as a measure to curb the spread of the virus, the limit is being increased from €25 to €50 for Visa, Mastercard, Diners and AMEX debit and credit cards.
According to the decision of the Hellenic Bank Association, from Monday 30th of March 2020 all Cardlink POS supporting contactless transactions will have been reconfigured to accept the increased €50 limit for contactless transactions without the requirement to enter the four-digit PIN code and with no action being required from businesses. The four-digit PIN code is necessary for amounts of €150 and above. The cards that have been issued by a foreign bank may not have this capacity and a PIN code may be requested for transactions above €25.
Here at Cardlink, we are staying home and monitoring any developments. We are ready to respond to any need that arises, and we are working hard, remotely, in order to serve you and to ensure the uninterrupted operation of the transactions systems for brick-and-mortar and online stores.