Merchants supporting Apple Pay will only allow purchases up to £20 when launched in the UK next month.
Apple announced that, starting next month, Apple Pay will be available to consumers in the UK with support from about 250,000 merchants. To clear the queries of merchants regarding the launch of the service, Apple has set up a support and FAQ page on its website.
Apple Pay’s purchases will be restricted for some retailers and out-of-date terminals to a £20 limit on contactless transactions (which will increase to £30 in September). Apart from them, merchants with capable terminals that are properly configured and payment providers supporting the most up-to-date specifications on contactless payments will be able to support transactions in large amounts.
According to Apple’s website, “Apple Pay allows your customers to make easy and secure contactless payments at any amount. If your payment terminal or payment provider doesn’t support the latest network specifications, as with contactless debit and credit cards today, your customers might need to insert their card if the transaction amount is over £20.
“To accept Apple Pay for transactions over £20, your payment terminal must be capable and configured properly, and your payment provider needs to support the latest network contactless specifications.”
The limit on contactless payments will not be applicable to merchants supporting Consumer Device Cardholder Verification Method. Updated terminal softwares are required to ensure security. Due to this, the adoption rate can be slow for stores with regard to Apple Pay’s early phases in the UK.
Details regarding liable fraud charges for merchants, the list of payment service providers that support Apple Pay in the United Kingdom, and a process detailing return policies for customers using the mobile wallet are addressed in the FAQ page.
UK users will be able to pay with Apple Pay at the London Underground for commuting and paying for fares. Apple Pay will support UK credit and debit cards from American Express, MasterCard and Visa Europe which are issued by many of the UK’s most popular banks, including first direct, HSBC, NatWest, Nationwide Building Society, Royal Bank of Scotland, Santander and Ulster Bank. Other major issuing banks will follow by this fall, including Bank of Scotland, Coutts, Halifax, Lloyds Bank, MBNA, M&S Bank and TSB Bank.