Contactless payment limit or no limit?

[Revels]

@CuriousGeorge

My two cents - we should be able to set a limit ourselves that we are comfortable with.

Absolutely not. Because when you set it at £5,000 and I find your card and spend all your money before you realise, Monzo are on the hook for it. That’s why the limit is as low as it is.

Too many declined payments due to "security"

We actually reverted it back to £100, although we are allowed to bring it up to £225. We did not because contactless fraud went up as a result of the increase. That being said, I’m now bringing this conversation back to our Financial Crime team to evaluate if this is still the case! All because of this thread