Wearables - safe payment
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Is paying with a wearable really safe? This is a question we often get when we tell people about our wearables. In this blog, we will tell you more about how to use a wearable's payment function and explain why paying with a wearable is just as safe as paying with your debit card.
In our previous blog, we discussed the difference between active and passive wearables. You can read that blog here .
Our payment jewelry consists of ‘passive wearables’. They contain an NFC chip that allows you to pay, just like with the chip in your debit card. All you need to do at the checkout is hold your wearable within 2 centimeters of the payment terminal, just as you normally would with your debit card or mobile phone. So you do not need a bank card or phone to make the payment. In the Netherlands, you can make contactless payments of up to €50 without entering a PIN. For amounts above this, you need to enter a PIN on the payment terminal. If you prefer, you can adjust this amount yourself (downward) in your bank's online payment environment.
Our payment jewelry consists of ‘passive wearables’. They contain an NFC chip that allows you to pay, just like with the chip in your debit card. All you need to do at the checkout is hold your wearable within 2 centimeters of the payment terminal, just as you normally would with your debit card or mobile phone. So you do not need a bank card or phone to make the payment. In the Netherlands, you can make contactless payments of up to €50 without entering a PIN. For amounts above this, you need to enter a PIN on the payment terminal. If you prefer, you can adjust this amount yourself (downward) in your bank's online payment environment.
If you lose a wearable, you can easily block it, just like your debit card, in your bank's online payment environment. The advantage of our wearables is that they look like ‘normal’ jewelry. When someone finds the jewelry, it is not immediately obvious that it is payment jewelry. This makes misuse of the wearable very unlikely.
When purchasing a wearable, you can link it to your bank account. Currently, in the Netherlands, this is only possible for Rabobank and ABN AMRO users. Because we want everyone in the Netherlands to be able to pay with our wearables, we also offer a prepaid option. This is similar to a prepaid credit card or your phone's prepaid SIM card. You can top up the card by depositing an amount onto it (via an app). You can then pay with your wearable until the deposited amount has been used up, after which you can top up the wearable again. This can easily be done via an app on your phone.
We hope to soon be able to provide everyone with a fashionable piece of jewelry that allows you to pay safely and easily.
We will publish a new blog in 2 weeks. We will tell you more about the production of our first collection and give you a behind-the-scenes look at the atelier.
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