2018_4225 Contactless payments at point of sale - Applications of the conditions

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What is PSD2 and how does it impact your daily card payments?

If you make Chip and PIN transactions or MO/TO payments, PSD2 will not affect you in any way. But this is where new developments step in. In a few simple words you will be asked to enter your PIN when making contactless payments with your Visa or Mastercard card in the following cases:

° You make a single transaction above EUR 50.
° You make consecutive contactless payments exceeding EUR 150 in total.
° You make five consecutive contactless payments and each one of them is below EUR 50 – during your 6th transaction your PIN will be required and upon entering it correctly the counter will be reset.

In all other cases you will not have to enter your PIN until you bump into one of these requirements again.