Recently added Tips & Advice

Most read Tips & Advice
Recently added Tips & Advice

All Domains

Latest news
- my News
Employment & HR
- Brexit
- Maternity, paternity, adoption
- Training
- Trade unions
- Termination of employment
- Retirement
- Redundancy
- Recruitment
- Pay & conditions
- News
- Legal developments
- Absence management
- HR/personal development
- Holidays
- Flexible & part-time working
- Employment status
- Employment contracts
- Discrimination
- Disciplinary, dismissal and grievance matters
- Data protection
- Working time
Health, safety & environment
- Brexit
- Contractors
- Noise
- News
- Manual handling
- Machinery
- Insurance
- Health & safety management
- Fire safety
- Environmental management
- Enforcement
- Energy
- Construction
- Pollution
- Chemicals
- Accidents
- Workplace
- Working at height
- Wildlife
- Water
- Waste
- Transport
- Tax
- Risk assessment
- PPE
- Occupational health
Running a business
- Banking, finance & insurance
- Brexit
- Property
- Office management
- News
- Insurance
- Directors' liability
- Debt recovery
- Cost cutting
- Company law
- Commercial & consumer law
- Cars & transport
- Buying/selling a company
Tax
- Extracting income from a company
- Inheritance tax
- Stamp duties
- Sole traders & partnerships
- Returns, forms & HMRC admin
- Pensions
- News
- National Insurance
- Land & buildings
- Income tax
- Brexit
- Expenses
- Enquiries & penalties
- Employment taxes
- Corporation tax
- Cars, vans and vehicles
- Capital gains tax
- Capital allowances
Technology for Business
- Apps
- Health & fitness
- Travel & transport
- Software
- Social media
- Security
- Search & SEO
- News
- Hardware
- Building & designing a website
- Entertainment
- E-mail
- E-commerce
- Culture & science
- Consumer matters
- Business affairs
- Web services
VAT
- Brexit
- Debt relief
- Enquiries and penalties
- Input VAT (VAT on purchases)
- Land & property
- News
- Output VAT (VAT on sales)
- Overseas matters
- Registration
- Returns, forms & HMRC admin
- Special schemes
- VAT rates
All Domains

April 2020

Last 7 days
Last 30 days
Last 90 days
Full year
All years

CORONAVIRUS - BANKING - 15.04.2020

Contactless payment limit increase

Uplifted amount. Contactless debit and credit card payments have been around since 2007 and the transaction limit has increased slowly over the years. On 1 April 2020 this was raised to £45. The change had been under consideration prior to the coronavirus outbreak, but it was expedited when a pandemic was declared.

Rollout. The transaction limit increase isn’t automatic; businesses that accept contactless payments will need to implement it in conjunction with their payment terminal software which will need to be updated. That’s going to take some time. There is, however, no upper transaction limit on mobile payments, e.g. Apple pay and Google pay, which are authenticated through biometric technologies.

The transaction limit on contactless payments was increased from £30 to £45 on 1 April 2020. This change won’t be automatic as software on payment terminals will need to be updated to implement the change. Contact your payment merchant for further information.