Payments and Credit Cards

RCC has advocated for increased tap limits to facilitate safety for consumers and retail employees

April 4, 2020

From CTV News:

Major credit card companies have increased their tap limit to $250 to help customers who want to make less physical contact while shopping during the COVID-19 pandemic.

MasterCard and Visa raised the tap limits from $100 to $250 and the Retail Council of Canada is hoping that Interac will soon follow.

“We are pleased that VISA and MasterCard made the move to $250 pretty quickly and we are hoping that Interac can as well,” Karl Littler, the senior vice president of Public Affairs with the Retail Council, told CTV News Toronto.

While cash may have been king in the past, more stores are hoping you will pay with plastic instead. They also would rather you not insert your card and use the keypad but instead tap to make your purchase.

“There is nothing bad about cash, but in general we would prefer people touch as few surfaces as possible. The optimal system would be the tap system,” Littler said.

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View full story at CTV News

 

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