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A contactless payment limit is the maximum transaction amount set for contactless card payments, beyond which customers are required to provide additional verification such as a PIN or a signature. This security measure helps to mitigate the risk of fraud in the event that a contactless card is lost or stolen. (Also see Chargeback.)

Features and Purpose of Contactless Payment Limits:

Impact on Consumer Behavior:

In summary, the contactless payment limit is a critical feature of modern payment systems, providing a secure and efficient way to handle everyday transactions while safeguarding against potential fraud. As contactless technology continues to evolve, these limits are periodically reviewed and adjusted to balance consumer convenience with security needs effectively.