Thursday 23 May 2013

"Contactless Payment" wont be a replacement for carrying cash

30euro max now in Ireland
Just saying.... "Contactless Payment" wont be a replacement for carrying cash unless it remains free per transaction.

What the banks aren't actively saying about it now, is that after August 2016 it will cost 20c per transaction at home (AIB), but already costs 45c per transaction minimum in non-eurozone (upto 11euro max, based on 1.75% of transaction)!

Here is a round up of some of the Irish Bank's details on Contactless Payments charges:
Note: the charges aren't that easy to find!


UPDATE 20160806