"Huge" wrote in message
...
On 2015-04-29, Dave Liquorice wrote:
On 29 Apr 2015 08:31:11 GMT, Huge wrote:

Almost ceratainly because a weekly shop will come to more than
the
contactless limit of £20/transaction, even if the EPOS system
can
handle contactless payment.

That is a completely stupid limit.

Indeed. It should be £5.

Fiver is a bit low IMHO. Can you escape from a Costa/Starbucks or WHY
with a sandwhich and coffee for less than a fiver? The "all you can
eat" buffet restraunts in Newcastles China Town are around £7 inc a
drink.

I agree £20 is too high a tenner would be better.

The limit should be 1/4 of what you're prepared to have stolen if you
lose the card - the cards can be used 4 times without on-line
verification,
so if you lose it and don't report it immediately, the finder can steal 4
x
the limit.

No, because most will notice the card has been lost or stolen.

I rarely have £50 in cash in my pocket,

Irrelevant to what others have.

so a limit around a tenner is probably right.

Nothing like it in fact.

Problem is, there is market pressure to increase it, from people
who aren't aware of the implications of an increased limit.

From people who understand that few cards
get lost or stolen without that being noticed.