A contactless transaction is a fast and secure payment made between a credit card and a POS terminal without direct contact (without the card's chip or magnetic stripe being read).
Can a contactless transaction be made with any card?
For a transaction to be carried out contactlessly, both the card and the POS terminal must first support contactless transactions. At any location displaying the contactless logo, a transaction can be made with contactless-enabled cards.
Can a contactless transaction be made with a debit card (ATM card)?
A prerequisite for contactless transactions is that the card has a chip. Debit cards are generally issued without a chip, so they cannot be used for contactless transactions. However, chip-enabled debit cards can be used for contactless transactions.
How can I tell whether a card supports contactless transactions?
Whether a card supports contactless transactions can be identified by the four wave-shaped marks printed on it. If this wave symbol is present, the card can be said to support contactless transactions.
What advantages do contactless transactions offer?
- For the transaction to go through, it is enough to bring the card within a few centimeters of the POS terminal. The transaction is completed in about 1-2 seconds without entering a PIN.
- Contactless payment is a faster, more technologically advanced, and more time-saving payment method than a standard payment.
- Wherever you see the contactless logo, you can pay with your contactless-enabled cards.
How is a contactless transaction canceled?
Contactless transactions can be canceled through the POS terminal. The cancellation is started from the POS terminal's cancellation menu. The cancellation can be completed by reading the card used in the transaction via the POS terminal's magnetic stripe reader or chip reader.
Are merchants charged any additional cost for contactless transactions?
Merchants are not charged any additional cost as a result of contactless transactions. Settlement is carried out based on the merchant's standard terms of service.
