Can I place any limits and restrictions on payments?Updated 6 months ago

Payment limits and restrictions for your HyperRing are primarily determined by your card issuer (bank) rather than by HyperRing directly. Here's what you need to know:

Standard Limits

1. Contactless Transaction Limits:

- Most banks set limits on individual contactless transactions (typically between €25-€50 in Europe, or similar amounts in local currency)

- Transactions above this limit usually require PIN verification at the terminal

- These limits are the same as those applied to contactless card payments

2. Cumulative Transaction Limits:

- Banks may impose limits on the total value of consecutive contactless transactions

- After reaching this limit, you might need to perform a chip & PIN transaction to reset it

- This security feature is standard across contactless payment methods

Accessing and Modifying Limits

- These limits are set by your bank and typically cannot be adjusted through Fidesmo

- To view or modify your limits:

1. Contact your card issuer directly

2. Check your bank's mobile app or online banking portal

3. Refer to your card terms and conditions

Additional Bank-Specific Controls

Some banks offer additional control features through their own apps or online banking:

- Temporarily blocking contactless payments

- Setting daily spending limits

- Restricting transactions by merchant category

- Geographic restrictions (limiting use to specific countries)

If your bank offers these features, they will typically apply to your wearable payments just as they do to your physical card.