Cash Back and PayPass on holiday

The holiday has just begun. Hundreds of thousands of Poles thirsty for rest are filled with seaside resorts, Masurian towns and mountain trails. But the air alone will not saturate us. You have to eat something and pay for it. Here, too, there is a rather foreign issue on a daily basis. Namely, the problem with access to money. Few take money files with them to keep cash on hand at all times.

Many holidaymakers who are used to paying with their cards in the shop have to withdraw money from an ATM, which is sometimes difficult to find in small towns. Fortunately, new services are emerging for cardholders to reduce the need for ATM withdrawals.

People who are not familiar with Cash Back and PayPass services should be given a few words of explanation. The more people know about them, the better for everyone, because the popularization of services usually reduces their prices and thus increases their availability.

What is Cash Back?

To put it simply, it is a service very similar to withdrawing money from an ATM.

The main difference is that the cash register of the shop or petrol station where the Cash Back is made is used as an ATM. The condition of using the service is paying with a card for any, even small purchases. During the payment it is enough to inform the seller that we would like to make a Cash Back at the same time. Let’s remember, however, that the amount of the one-off withdrawal is limited to the amount of 200. If we need more money, we can reopen the operation, i.e. make a small payment with a card and again declare our willingness to withdraw. For understandable reasons, using Cash Back for e.g. 1000 can be quite time-consuming, and even annoying, for shopkeepers and for our queuing of customers, which is becoming longer.

The service can be used by anyone who has the right Visa card, MasterCard, Maestro in one of a dozen or so banks offering the service. At present, there are more than 20 thousand Cash Back offices in Poland. This is more than the number of ATMs in Poland. It is not difficult to guess that apart from points located in hypermarkets and petrol stations, other points located in small shops are not easy to find. This is particularly important during holidays in smaller towns.

In many resorts it is difficult to find an ATM, although in this field it is still much better than a few years ago thanks to the so-called mobile ATMs. And since it’s hard to find an ATM, it’s all the more so about a Cash Back shop. For the time being, most banks offering the service do not charge a fee. Citibank and PKO BP pay the most because 1 for the transaction.

However, when we compare this with a fee of 5-6 for withdrawals from foreign ATMs, which is often charged by banks, the fee seems reasonable.

The Cash Back service is certainly convenient and cheap. It is a certain alternative to an ATM.

Its main disadvantages are:

low amount of one-off transaction (200),

a relatively small number of points at which it can be implemented.

It remains to be hoped that with the popularization of the service in Poland, the number of these points will increase. It would also be a good idea for the banks to refrain from charging fees.

For the time being, some of them run promotions, which will expire sooner or later. The Visa website contains a list of cash back points. It is worth looking at it before you go on your holiday and check if you can find one of such points in the area. Looking ahead to the future, it would be desirable for car navigation companies to upload their Cash Back maps, as they do for radar maps, ATM networks and petrol stations. Cash Back has been known around the world for several years, but it is still in its infancy in Poland.

PayPass, payWave ?

The above names are contactless payment systems operating in Poland.

The first one belongs to MasterCard, the second one to Visa. Well, but what are these contactless payments?

In short, you can say that these are payments made by card, but without having to sign or enter a PIN. However, there is a limit of 50 to such an operation.

PayPass is therefore an advantage in situations where we do not have cash but want to buy e.g. coffee or newspaper. They usually cost a few. In such a case, it is enough to put our card or other item equipped with a special chip into the terminal and payment is ready. Everything lasts a few seconds less than in the case of traditional signature payments.

On the list of partners of contactless payment systems we can find such well-known companies as:

McDonald?s, Coffee Heaven cafes, Empik stores, Kolporter kiosks, ┼╗abka shops or ERA mobile network. Other cities also offer the possibility of paying for a bus ride by public transport. In Warsaw, tests are conducted related to contactless payments for tickets at subway stations.

Proximity payments appeared in Poland in 2007. After the initial quite

5/5 - (1 vote)