How safe is Tap and Pay?

[CyberPsych]

If I have Tap and pay enabled and keep cards in wallet, can someone scan near may wallet and debit any amount? Looks like a noob question, but I want to know what are the risks of this being enabled. In Fuel bunks, we can't even see how much they're charging but ask us to move forward quickly to get next vehicle in place, says receipt is not available and SMS from bank takes some time to get delivered by which we have already left the bunk. Entering PIN eliminates all these, we can cross check the transaction amount.

 

[4uziaul]

By default, the limit for Tap and Pay is set to 5k, as per RBI guidelines. If you are still wary, you can simply lower the limit to 1k or 2k. Moreover, it is much safer compared to swiping your card on a POS machine. In fact, it is easier for someone to clone or skim your card when you swipe it, but that's not the case with tap and pay. The only thing to worry about is if your card gets stolen.

 

[CARDBITRAGE]

If I have Tap and pay enabled and keep cards in wallet, can someone scan near may wallet and debit any amount? Looks like a noob question, but I want to know what are the risks of this being enabled. In Fuel bunks, we can't even see how much they're charging but ask us to move forward quickly to get next vehicle in place, says receipt is not available and SMS from bank takes some time to get delivered by which we have already left the bunk. Entering PIN eliminates all these, we can cross check the transaction amount.

Most PoS machines display the amount even if you use Tap and Pay. In case it doesn't, you can ask the attendant to show you the screen after the transaction is completed to see the final debit amount.

 

[CyberPsych]

In fact, it is easier for someone to clone or skim your card when you swipe it

Mots of the time it is now eMV chip's insert card an PIN transactions.

@Everyone, is it possible for someone to read my card when card is in wallet and tap & pay is enabled? Or some sort of physical contact is required for transaction?

 

[CARDBITRAGE]

Mots of the time it is now eMV chip's insert card an PIN transactions.

@Everyone, is it possible for someone to read my card when card is in wallet and tap & pay is enabled? Or some sort of physical contact is required for transaction?

Yes. But that is quite rare. It does get hard to read the card through your wallet and pants. If you are so concerned, get yourself an RFID-blocking wallet

 

[4uziaul]

I won't delve into the technicalities of how Tap and Pay works, but it's important to note that your card needs to be in close proximity to the POS machine or terminal, typically within a few centimeters. Plus like Cardbitrage said you can use RFID blocking wallet.

 

[Rohith_Kumar_Sp]

 

[Deleted member 9785]

By default, the limit for Tap and Pay is set to 5k, as per RBI guidelines. If you are still wary, you can simply lower the limit to 1k or 2k. Moreover, it is much safer compared to swiping your card on a POS machine. In fact, it is easier for someone to clone or skim your card when you swipe it, but that's not the case with tap and pay. The only thing to worry about is if your card gets stolen.

This limit is per day or per transaction?

 

[pprakash11]

This limit is per day or per transaction?

5k/ transaction

 

[Deleted member 9785]

5k/ transaction

so is this safe ? If we lose it/stolen it can be used multiple times to exhaust card limit?

 

[pprakash11]

so is this safe ? If we lose it/stolen it can be used multiple times to exhaust card limit?

When you loose it, your know that you have lost your wallet/card, you will immediately block that card right ?

Or if to be taken the worst circumstances then yeah their is possibility that he can empty your limit, as it's rare.

 

[P B R G]

I have set 1k limit only for all my credit cards and disabled the feature for all debit cards.

5k/ transaction

Is it really per transaction? Because I have set 1k as the transaction limit for my Axis card and paid 900 something in a pharmacy. After 5-10 minutes when I tried to pay again another amount less than 1k it got declined. Had to swipe the card.

 

[pprakash11]

I have set 1k limit only for all my credit cards and disabled the feature for all debit cards.

Is it really per transaction? Because I have set 1k as the transaction limit for my Axis card and paid 900 something in a pharmacy. After 5-10 minutes when I tried to pay again another amount less than 1k it got declined. Had to swipe the card.

Yeah untill you set anything, its max by default 5k per transaction.

 

[sxchzy]

If I have Tap and pay enabled and keep cards in wallet, can someone scan near may wallet and debit any amount? Looks like a noob question, but I want to know what are the risks of this being enabled. In Fuel bunks, we can't even see how much they're charging but ask us to move forward quickly to get next vehicle in place, says receipt is not available and SMS from bank takes some time to get delivered by which we have already left the bunk. Entering PIN eliminates all these, we can cross check the transaction amount.

1. get an rfid wallet. Tap and pay transactions wont happen in these wallets if you place it near a pos machine.
secnodly instead of directly doing yap and pay do it through cred ,paytm or samsung pay in this way you will receive instant message

 

[sxchzy]

rbi rule say max 5k per transaction allowed
but you can modify it

I have set 1k limit only for all my credit cards and disabled the feature for all debit cards.

Is it really per transaction? Because I have set 1k as the transaction limit for my Axis card and paid 900 something in a pharmacy. After 5-10 minutes when I tried to pay again another amount less than 1k it got declined. Had to swipe the card.

 

[CyberPsych]

1. get an rfid wallet. Tap and pay transactions wont happen in these wallets if you place it near a pos machine.
secnodly instead of directly doing yap and pay do it through cred ,paytm or samsung pay in this way you will receive instant message

I am fine with entering PIN everytime.

 

[pprakash11]

I am fine with entering PIN everytime.

I Just have Tap n Pay on my Axis ACE. Rest on all its off!

 

[CyberPsych]

I Just have Tap n Pay on my Axis ACE. Rest on all its off!

I am looking to get Ace in upcoming months, cheers

 

[sxchzy]

I am fine with entering PIN everytime.

good for you

 

[plastikman]

By default, the limit for Tap and Pay is set to 5k, as per RBI guidelines. If you are still wary, you can simply lower the limit to 1k or 2k. Moreover, it is much safer compared to swiping your card on a POS machine. In fact, it is easier for someone to clone or skim your card when you swipe it, but that's not the case with tap and pay. The only thing to worry about is if your card gets stolen.

Thats why I prefer to use Samsung Pay each time for tap and pay transaction