It was easy when all machines took cash. I kept a pot of small change in the car (pounds, 50s, 20s, 10s and 5s) and topped it up after use. There'll still be some in my car now, available in case of need, though it's less useful these days.
A local sandwich shop has several signs extolling the virtues of cash. Last time I was in there, the owner was telling another customer how much cash was stolen by a former employee. The irony wasn’t lost on me.
Not always, generally you can just pay with Apple Pay or Google Pay.
Ah, neither of which I've ever used. I do have a PayPal account, is that an option if I ever have to use one of these parking apps?
I have never lost a card or cash, but if I lost either in the street the most cash I could lose is around £50. However, a neer-do-well could quickly use my lost or stolen card to spend £100 contactlessly (or whatever the current limit is) and £100 over and over again until I noticed that the card was gone. In fact I carry several contactless cards, so multiply that by three or four. I would probably not notice the loss until my next monthly bill because I don't buy things out-and-about daily, and I use different cards for different things like a different one for on-line purchases. Banks will only refund what the crook spends after you notify them, so I could lose £1000s. It doesn't stop me carrying cards, and I am careful, but it is a concern.
https://ringgo.co.uk/
As far as liability for losses are concerned, this is not so.
They wouldn't be able to repeat it until you realised - not without your pin. They'd only get a few attempts.
This isn't quite how this works, but as above it'd be very difficult indeed to spend that much in contactless taps.
Most people use live smartphone notifications for banking transactions nowadays, which alerts them in almost real time to any potential fraud. Combined with Google or Apple pay and leaving your physical cards safely in the bottom of your backpack with the contactless function disabled, I'd argue this is much safer than ever before. If you are reliant on contactless cards and don't use a smartphone it is actually possible you may be better off with cash only.
) but if the phone did get nicked or damaged or the battery ran out I would be a bit stuckOut of interest, how do you get your cash as you don't use cash dispensers?
There's the rub, even if a thief cannot extract much from accounts mapped on your phone, the hardware of a £1000 phone itself is attractive to a 'recycler' and you would be without any means of purchasing anything as you wouldn't even be able to use two part id. Using contactless and carrying a phone is as secure and less likely to leave tou stranded
Sorry my comment wasn't really directed at you - but as far as apps go, I've no issue with them other than I agree that there are just so many of them. The single app development is great news, but the proof will as always be in the pudding.
Was in Austria and ate in a pizza restaurant, offered my card to pay the bill and it was “no, no card”. I had some cash on me but not enough, so I said I’d have to go get some more, I obviously looked trustworthy as they allowed me to do so, found a cashpoint and came back and paid some ten minutes later.
Yes whenever in Germany and Austria always worth checking they take card! Anywhere else though it's the default to pay be card. Very backwards in that regard really.
Many small businesses prefer card as the cost of handling cash is higher. A lot of banks charge a cash deposit fee for business banking, plus there is the staff time to visit the bank to deposit it as well as the risk of theft by staff and customers and the higher insurance cost. Whereas get a simple mobile card terminal and money goes straight into your account with a low fee and no faff, it’s possible to take contactless payment with an app and tapping directly to a phone without a Bluetooth connected terminal now too.
Most banks allow you to set a lower limit if you want, and you can only do a certain number of contactless transactions in a row before PIN authentication is required. I believe the number is six universally, but that might also be configurable.
I go into a bank and take it out of my account. Granted I am lucky in that my nearest town still has a full complement of branches.
They would also need the form of authentication used by the phone.
That’s another thing, as my card usage has increased, my atm usage has certainly decreased, but on occasions when I do need to withdraw some cash I tend to do so during bank opening hours and use a machine inside a bank branch, since it’s less likely to have been tampered with. I seem to hear and read about more and more exterior and stand alone cashpoints being targeted with Lebanese loops, cameras to observe you entering your pin, and general distraction thefts of cards.
I feel this obsession of having everything on the phone is crazy, especially when people head out with no cards or cash. Whilst it's rare to have problems in the main, I have seen many times they can and do happen - the phone glitches out, battery dies etc.
Then there are those that travel relying on the phone to work as they should (if sufficient charge is maintained) come to RUK all hurt because the TM/RPO didn't believe that their dead phone had a valid ticket hiding behind its black screen. I wouldn't expect much sympathy if my card/ticket was missing having fallen through a hole in my pocket, - a situation far less likely than a random phone 'failure'.
I still get the PIN required situation about once a fortnight or so.
I think it's just because I do lots of small transactions - I don't do a weekly shop, for example and instead stop at the supermarket/shop on the way home, or do a takeaway two or three times a month.You must be dodgy
If you use a physical card, then there's an inbuilt security feature with contactless that requires you to enter you PIN every so often (it's often after a set number or value of consecutive contactless transactions).
