Transaction processing time

[alexs (Alex Sherwood)]

Hey Marcel, I’m guessing you’re referring to transactions made using offline terminals…

Here’s why they take longer -

Contactless with TfL

I have noticed this and done timing comparisons between different payment methods and card types. The short answer is that Oyster is by far the fastest, followed by contactless cards that will accept fully offline transactions, then the slowest (that I’ve found) is contactless cards that require online transactions or server checks. The last one includes tokenised payment methods such as Apple Pay or Android Pay. Monzo also falls in to the online category, from what I’ve been able to gather, t…

Since Monzo will still try to push all transactions online (to send you notifications, a live balance etc.) after the debit cards launch, my guess is that you’ll continue to see this delay.