Updated: June 2021

In card present payments, card schemes require cardholder verification methods (CVMs) to authenticate that the customer holding the card is who they say they are, for example prompting for a signature or requiring the customer to key in their personal identification number (PIN). However, across Europe, purchases under specific amounts – usually 25 or 30 euros – don’t require the use of PINs for every transaction in order to ease friction and create smoother terminal transactions. 

Due to the unfolding Coronavirus crisis, Visa and Mastercard have increased the limits for their CVM services for card present transactions. These new, higher limits allow merchants to process transactions of higher value without requiring a PIN or a signature, thereby minimising customers contact with the terminals.

Below is the most updated list for CVM limits. As the situation unfolds, Visa and Mastercard will continually update these requirements, so we recommend periodically checking this post for the most information and updating your terminals to reflect these updates.

Should you have any questions on these requirements or any other queries related to your payments, please contact your Account Manager or email support@credorax.com.