Quote:
Originally Posted by Toy Soldier
You are actually covered for contactless by the card issuer (that's why it has a max spend, and it shouldn't allow a tonne of contact less payments in quick succession). If you report your card stolen the bank should refund any payments that you say weren't made by you (and they're supposed to follow up with the police / retailers to see if the person who made the purchase can be identified). In that way its more secure than cash I suppose. If you drop cash, it's gone [emoji23]
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Yes I know but it can take weeks to get it refunded ..its not instantaneous, and my point is more about how easy it is for criminals to take your cash rather than getting it back...who is paying for the banks to pay out twice...you and me
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