Paywave account selection

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Forums › Finance and wealth management › Paywave account selection

Gordy7

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#225945 12-Dec-2017 12:46

I set up my Paywave default account (joint account) for my grocery shopping as that is where I mostly use my Eftpos card.

Today, when making a personal purchase the shop assistant decided I needed training on how to use Paywave and guided my card across the top of the Eftpos terminal.

Before I had a chance to object and tell her that I want to insert the card for account selection the payment was made.

Is there any temporary option at the Eftpos terminal to change the account that Paywave uses?

Other than that, I will continue to use the Eftpos terminal card insert option and account selection option.

Gordy

My first ever AM radio network connection was with a 1MHz AM crystal(OA91) radio receiver.

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Hammered
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#1917373 12-Dec-2017 12:49

No, there is no way to select an account on the EFTPOS terminal when using PayWave.

People often mistake me for an adult because of my age.

Keep calm, and carry on posting.

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#1917376 12-Dec-2017 12:53

Paywave is also annoying as the bank doesn't get updated immediately, so you can see differences in your balances but there's no update in the transaction list to tell you what it is.

Aredwood

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#1917379 12-Dec-2017 12:56

The credit card companies make more money from credit transactions than eftpos transactions. Which is why paywave is always a credit transaction. And also why lots of shops don't support paywave. As they don't want to pay the extra fees.

Gordy7

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#1917380 12-Dec-2017 12:56

gehenna:

Paywave is also annoying as the bank doesn't get updated immediately, so you can see differences in your balances but there's no update in the transaction list to tell you what it is.

Gordy

My first ever AM radio network connection was with a 1MHz AM crystal(OA91) radio receiver.

sbiddle

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#1917414 12-Dec-2017 13:42

gehenna:

Paywave is also annoying as the bank doesn't get updated immediately, so you can see differences in your balances but there's no update in the transaction list to tell you what it is.

This is nothing to do with Paywave - it's credit cards in general.

BUT it does depend on your bank. With ANZ credit card transactions are realtime so appear within minutes. Other banks will take time to process transactions.

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#1917415 12-Dec-2017 13:43

Gordy7:

I set up my Paywave default account (joint account) for my grocery shopping as that is where I mostly use my Eftpos card.

Today, when making a personal purchase the shop assistant decided I needed training on how to use Paywave and guided my card across the top of the Eftpos terminal.

Before I had a chance to object and tell her that I want to insert the card for account selection the payment was made.

Is there any temporary option at the Eftpos terminal to change the account that Paywave uses?

Other than that, I will continue to use the Eftpos terminal card insert option and account selection option.

No.. Paywave is a credit card product, so can't be used on any other accounts such as cheque or savings if you have multiple accounts on your card.

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Gordy7

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#1917427 12-Dec-2017 13:55

sbiddle:

No.. Paywave is a credit card product, so can't be used on any other accounts such as cheque or savings if you have multiple accounts on your card.

The Paywave I used today is on my Eptpos card.

When Paywave was first issued for my Eftpos card it was on my cheque account.

I then changed the Paywave to my savings account which is my joint account which I used most frequently for my grocery shopping.

I do have a credit card with Paywave on it which I have never used. I guess Paywave transactions on this credit card will only make charges to my credit card account.

Gordy

My first ever AM radio network connection was with a 1MHz AM crystal(OA91) radio receiver.

C0rsa

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#1917429 12-Dec-2017 13:56

My card is set up to use my savings account when using Paywave. I just went to a branch to make the change from using credit

Aredwood

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#1917433 12-Dec-2017 14:00

Your eftpos card in that case is actually a debit card. When you use it for paywave, the transaction gets processed through the credit card payments system. Not the eftpos payment system.

The only difference between paywave on a debit card Vs a credit card, is the bank takes the money from your account immediately. Instead of giving you a loan that you repay next month.

Gordy7

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#1917434 12-Dec-2017 14:06

Looking more closely at my card details it seems that I need to sort out the use of terminology.

I made a Paywave Eftpos transaction today using my BNZ Flexi Debit card. This card has cheque and savings accounts.

Eftpos Paywave transactions on my Flex Debit card are debited to my savings account.

My BNZ Credit card also has Paywave which debits my credit card account when making Eftpos transactions.

Gordy

My first ever AM radio network connection was with a 1MHz AM crystal(OA91) radio receiver.

Aredwood

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#1917435 12-Dec-2017 14:11

Easiest way of thinking about it, is imagine your physical card contains multiple virtual cards. And pressing Cheque, savings, or credit. Is the method that tells the system which one of your virtual cards to use.

And paywave is always the same as pressing Credit.

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Gordy7

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#1917436 12-Dec-2017 14:12

Maybe I need to test which account my BNZ Credit card Paywave transactions are debited.

I have only assumed that Credit card Paywave is debited to my Credit card account.

Gordy

My first ever AM radio network connection was with a 1MHz AM crystal(OA91) radio receiver.

Gordy7

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#1917439 12-Dec-2017 14:14

Aredwood: Easiest way of thinking about it, is imagine your physical card contains multiple virtual cards. And pressing Cheque, savings, or credit. Is the method that tells the system which one of your virtual cards to use.

And paywave is always the same as pressing Credit.

Interesting. Today's Paywave transaction using my debit card debited my savings account.

Gordy

My first ever AM radio network connection was with a 1MHz AM crystal(OA91) radio receiver.

sbiddle

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#1917443 12-Dec-2017 14:19

Gordy7:

sbiddle:

No.. Paywave is a credit card product, so can't be used on any other accounts such as cheque or savings if you have multiple accounts on your card.

The Paywave I used today is on my Eptpos card.

When Paywave was first issued for my Eftpos card it was on my cheque account.

I then changed the Paywave to my savings account which is my joint account which I used most frequently for my grocery shopping.

I do have a credit card with Paywave on it which I have never used. I guess Paywave transactions on this credit card will only make charges to my credit card account.

Paywave is a credit card solution. These is no contactless functionality with the EFTPOS network.

Having a debit card with Paywave functionality that is tied to your cheque account (which is what you have) is very different.

sbiddle

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#1917444 12-Dec-2017 14:21

Gordy7:

Aredwood: Easiest way of thinking about it, is imagine your physical card contains multiple virtual cards. And pressing Cheque, savings, or credit. Is the method that tells the system which one of your virtual cards to use.

And paywave is always the same as pressing Credit.

Interesting. Today's Paywave transaction using my debit card debited my savings account.

For all intents and purposes a debit card is really just a prepaid credit card - it is not an EFTPOS card.

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