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.

 

Country
Amount
Scheme and Effective Date
Armenia AMD 2,000 Mastercard 9 April 2020
Austria EUR 50 Visa 13 April 2020
Mastercard 13 April 2020
Azerbaijan AZN 100 Mastercard 27 August 2020
Bulgaria BGN 100 Visa 27 March 2020
Mastercard 9 April 2020
Belgium EUR 50 Visa 15 April 2020
Mastercard 14 April 2020
Channel Islands GBP 45 Visa 28 May 2020
Croatia HRK 350 Visa 21 April 2020
Mastercard 9 April 2020
Cyprus EUR 50 Visa 27 March 2020
Mastercard 9 April 2020
Estonia EUR 50 Visa 24 March 2020
Mastercard 9 April 2020
France EUR 50 Mastercard 24 April 2020
Germany EUR 50 Mastercard 9 April 2020
Gibraltar GBP 45 Mastercard 9 April 2020
Visa 28 May 2020
Greece EUR 50 Visa 23 March 2020
Mastercard 1 April 2020
Greenland DKK 350 Mastercard 9 April 2020
Hungary HUF 15,000 Mastercard 9 April 2020
Iceland ISK 7,500 Visa 6 April 2020
Ireland EUR 50 Visa 23 March 2020
Mastercard 25 March 2020
Island of Man GBP 45 Visa 28 May 2020
Kazakhstan KZH 25,000 Mastercard 1 June 2020
Latvia EUR 50 Visa 24 March 2020
Mastercard 9 April 2020
Liechtenstein CHF 80 Visa 16 April 2020
Mastercard 16 April 2020
Lithuania EUR 50 Visa 25 March 2020
Mastercard 9 April 2020
Luxembourg EUR 50 Mastercard 9 April 2020
Macedonia MKD 2,500 Mastercard 9 April 2020
Malta EUR 50 Visa 23 March 2020
Mastercard 9 April 2020
Monaco EUR 50 Mastercard 24 April 2020
Netherlands EUR 50 Visa 23 March 2020
Mastercard 9 April 2020
Norway NOK 400 Visa 31 March 2020
Poland PLN 100 Visa 19 March 2020
Mastercard 20 March 2020
Portugal EUR 50 Visa 23 March 2020
Mastercard 25 March 2020
Romania RON 200 Mastercard 9 April 2020
Spain EUR 50 Visa 23 March 2020
Mastercard 9 April 2020
Slovakia EUR 50 Visa 15 April 2020
Mastercard 23 April 2020
Sweden SEK 400 Mastercard 9 April 2020
Switzerland CHF 80 Visa 16 April 2020
Mastercard 14 April 2020
Turkey TRY 250 Visa 23 March 2020
Mastercard 1 April 2020
United Kingdom GBP 45 Visa 1 April 2020
Mastercard 1 April 2020

 

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