Cash payments rise for first time in 10 years
#9
(10-16-2023, 12:04 AM)Shiny Star Wrote:
(10-10-2023, 10:33 PM)~ True Legend ~ Wrote:
(09-28-2023, 11:37 PM)Shiny Star Wrote: Most card limits I encounter are like £1.50 upward. I talked to a woman at a corner shop once and she said she wanted to put it to £5 but as they’re in an area with a lot of school kids, they gotta take the hit. I bought something today from a shop with a £1 card limit. I actually had cash on me.

Never heard of such a thing besides the £30 spending limit, and that’s only if you go contactless.

Does this apply in principle to contactless or PIN-only included too?

I’ve never heard of a £30 spending limit, unless you’re referring to what contactless without a pin used to be yeaaaars ago? I think since then it’s gone up by a decent amount, like Apple Pay I’ve bought stuff for £200 or £300 with just Face ID. 

By card limit, I think we were talking about the opposite side of it. The minimum spend for you to be able to pay by card. I think smaller shops avoid not having a card limit as a fee goes to tax or something like that for transferring. I just know about this because a friend tried to explain why some takeaways will only ever take cash.
Oh really, so shops are taxed on card payments made by customers? Interesting, thanks for sharing! 

And sorry for being a noob, but since when has there been a minimum spend limit on card payments?

Also I believe the maximum limit of £30 on contactless cards is still present, right? Just most ppl have cards linked to their phones nowadays.
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