MasterCard PayPass

Information verified correct on September 27th, 2016
MasterCard PayPass credit card

MasterCard PayPass is a relatively new credit card payment system that is currently been introduced in Australian shops. Learn how MasterCard PayPass works, and how it can be used to speed up transactions.

MasterCard PayPass is a new credit card system that operates as part of a normal credit card. It involves passing your credit card within 5cm of a PayPass reader at a merchant checkout without having to input a PIN or verify by signature on a regular swipe machine. As checks do not take place, it can only be used for purchases of $100 or under.

MasterCard PayPass Contactless Credit Cards Comparison

Rates last updated September 27th, 2016.

ANZ Low Rate

This balance transfer offer has been extended by ANZ for the foreseeable future.

January 13th, 2016

ANZ Low Rate Platinum Credit Card

Minimum income requirement updated from $50k to $35k

January 13th, 2016

Emirates Citi World MasterCard

Replace bonus points offer with up to 10% off on Emirates flights until 31 December 2016

April 29th, 2016

View latest updates

Jonathan Choi Jonathan
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
ANZ Low Rate
Enjoy a low rate on your everyday purchases.
13.49% p.a. 0% p.a. for 18 months with 3% balance transfer fee $58 p.a. Go to site More info
ANZ Low Rate Platinum Credit Card
A low interest rate on purchase with up to 55 days interest free.
13.49% p.a. 0% p.a. for 18 months with 3% balance transfer fee $99 p.a. Go to site More info
Emirates Citi World MasterCard
Enjoy up to 10% off Emirates flights on your first spend when you book before 31 December 2016. Also pay a reduced annual fee for the first year.
20.99% p.a. 0% p.a. for 9 months $149 p.a. annual fee for the first year ($299 p.a. thereafter) Go to site More info
Commonwealth Bank Business Platinum Awards credit card
Earn up to 3 Awards points per dollar spent, enjoy complimentary insurances and $0 annual fee for the first year.
20.74% p.a. $0 p.a. annual fee for the first year ($300 p.a. thereafter) Go to site More info

A PayPass credit card looks just like any other credit card except that it will carry the PayPass logo and there is a special chip and RFID antennae embedded in the plastic. RFID stands for Radio Frequency Identification and it is the same technology that allows stores to tag items for theft prevention and inventory monitoring.

Everything else about your MasterCard PayPass credit card will remain the same – your account number, credit limit, interest rate, fees, rewards programs, account linkages and all your other benefits – only now you will be able to “Tap & Go” at a checkout. You simply pass your card in front of the contactless scanner, wait a moment for a beep and a green light, the merchant will then input your purchases, and your transaction will be authorised. If you only have one PayPass card in your purse or wallet, you may not even have to remove the card from its slot; you may be able to pass your wallet or purse in front of the reader.

Learn more about rewards programs

To make things even easier, you may also be issued with a MasterCard PayPass key fob or payment tag, which is a special device that you can attach to your key chain. This is a small, plastic fob or tag that contains the same contactless computer chip and radio frequency antennae as your regular credit card.

Although PayPass is becoming a standard feature on many MasterCards, using it is optional. You can still opt to use the traditional swipe machine, and verify with either signature or PIN. There is no cost involved in having this extra technology in your credit card.

If you ever have to return an item for a refund, your card does not have to be passed by a MasterCard PayPass reader for the refund to take place even though the purchase may have been made that way. Purchases appear on your credit card statement as swiped purchases always do, and refunds can be made via a swipe machine as well.

Even though the PIN/signature verification procedure has been removed when using PayPass, MasterCard’s zero-liability guarantee still stands so you will not be held liable for any fraudulent use of the card, no matter how it may happen. This is one of the reasons that the $100 limit is in place – to prevent expensive, unverified purchases from taking place.

MasterCard PayPass is a neat way to speed up your small-purchases shopping.

Back to top
Was this content helpful to you? No  Yes

Related Posts

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

10 Responses to MasterCard PayPass

  1. Default Gravatar
    askaris | January 5, 2015

    when will this be implemented?

    • Staff
      Elizabeth | January 5, 2015

      Hi Askaris,

      Thanks for your question.

      The PayPass feature has already been implemented on MasterCards. If you’re card has the PayPass symbol you’ll be able to use it to pay for purchases under $100.

      I hope this has helped.

      Thanks,

      Elizabeth

  2. Default Gravatar
    Richard | August 8, 2014

    I have a paypass Frequent flyer mastercard . I have put money into this account but do not know where to look to find my balance. thank you Richard

    • Staff
      Shirley | August 11, 2014

      Hi Richard,

      Please try logging into the online portal provided by the bank that issued the card.

      Once you’ve logged in, you can check your account balances. In some cases, you may need to register to use this service.

      All the best,
      Shirley

  3. Default Gravatar
    Leon | August 5, 2013

    What are the details of the travel insurance included with the Bankwest MasterCard Platinum PayPass card?

    • Staff
      Shirley | August 5, 2013

      Hi Leon,

      Thanks for your comment.

      I’ve emailed you about your query.

      Hope it helps,
      Shirley

  4. Default Gravatar
    Alex | April 11, 2012

    My bad, the Commonwealth Bank MasterCard Paypass does state $100- thanks anyways -A

  5. Default Gravatar
    Alex | April 11, 2012

    Is the information about the $35 limit for paypass above Incorrect? I just had a $44 purchase applied to my Commonwealth bank rewards credit card, i wasn’t asked, and by the time he said anything the charge to my card had been applied when he put my card on his reader. I did NOT authorize him to use my CC, i wanted to use another account. So i asked comm bank and they said it will work for transactions up to $100 !! I am so not impressed, and will likely change my provider. Thanks for any info on this. -Alex

    • Staff
      Jacob | April 8, 2013

      Hi Alex. Thanks for your question and apologies about the delay in this response. The PayPass limit is $100, you’re correct – thanks for pointing this out and the page has been amended. Jacob.

  6. Default Gravatar
    Marama | November 7, 2011

    Through my choice I have no pin no. I was unable to make a purchase at the local IGA as their machine is pin no. only on credit cards. I have been unable to find locations, on the internet, in Wynnum/Manly that have paypass. Are you able to help

Credit Cards Comparison

Rates last updated September 27th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question
feedback