Customers arent charged an extra fee to use tap-to-pay [Video]

Contactless payment methods, also known as tap-to-pay, have surged in usage since the start of the COVID-19 pandemic in 2020. Contactless payment methods include debit or credit cards that just require you to tap the card reader to pay and mobile payment apps that let you pay with your phone

A post with several hundred likes and comments on Threads claimed that tap-to-pay comes with additional fees that customers would not otherwise be charged if they insert or swipe their card.

THE QUESTION

Are customers charged an extra fee to use tap-to-pay?

THE SOURCES

THE ANSWER

No, customers are not charged an extra fee to use tap-to-pay.

WHAT WE FOUND

There’s no difference in the cost of tapping, swiping or inserting a card. Banks and card networks do not impose additional fees on customers for …