ANZ_Visa_PayWave_250x250

ANZ Visa payWave – Contactless Payment Technology

Visa payWave is a secure, contactless technology that helps you spend less time at the register.

The Visa payWave is the latest innovation by Visa. With this card, you can now transmit your purchase information via a small antenna that's embedded inside your card.

No longer do you have to swipe your card and then enter a PIN number or sign your name. You also don't need to think about carrying cash around with you. You just wave your card past the portal point and your payment is made automatically through your account.

The benefits

When you use the Visa payWave, you're saving a lot of time. As long as the amount of the purchase is under $100 and the merchant accepts the card, you can transmit your purchase information through the air and you don't have to worry about a thing.

You'll still receive a receipt for your purchase transaction to verify that the payment was received from the right account. You just won't be using a signature or a PIN to verify the sale. The chip inside your credit card does this for you.

If you're not sure if the merchant accepts the card, look for the payWave symbol. But even if the merchant doesn't accept the ANZ Visa payWave, as long as Visa is accepted, you'll be able to use your card the old fashioned way.

Are there any fees?

You will be charged standard fees just like with any Visa card but you won't be charged anything extra just for using payWave technology. This service is completely free, and Visa payWave terminals can only accept one transaction at any one time, so no need to worry about your card being charged multiple times. The merchant will have to complete the transaction or void it out if you wish to wave your card again.

The merchant has to enter the amount of the purchase and then prompt you to use the card before your transaction can go through. So you can relax as the ANZ Visa payWave is not only extremely convenient but it's also an easy way to shop for the things you need.

How close do you need to be?

When you want to use your ANZ Visa payWave, you only have to hold your card a few centimetres away from the card reader terminal for your card to be accepted. Again, your purchase must be less than $100 if you want to wave your card. If the purchase is over $100, you will need to enter your PIN number or sign your name just as you always have.

Could you make accidental payments by walking past a card reader?

In order for a payment to go through, the shop assistant or retailer needs to enter the amount being charged for your purchase. You then need to hold your card a few centimetres away from the reader so the purchase can be recorded.

This means you can't accidentally be charged for something you didn't buy just by walking past a payWave terminal with your credit card.

Of course, you still have the option of paying for your purchases the usual way if the retailer you're shopping with doesn't have this kind of terminal yet. This means you can still swipe your card like always and sign the receipt if you want or enter your PIN to verify the purchase.

So as long as the merchant accepts the ANZ Visa payWave and you aren't buying anything over $100, you can just wave your card close to the terminal and your payment will be processed. Then you can gather your purchases and leave the store in record time.

payWave security features

Some customers have voiced concerns about the ease of a credit card being stolen and then used with payWave technology to accumulate purchases without needing a PIN or a signature. But the ANZ payWave system does offer security for your account to offer you some peace of mind.

ANZ credit cards use the most modern encryption technology available to help reduce the incidence of credit card fraud. When you make a payment using ANZ payWave, you know that the payment will be processed by the same secure network that is used to process the transactions for chip cards too.

The teams responsible for ANZ Falcon security are dedicated to watching for any level of suspicious activity on your account. If they notice anything that seems suspiciously different to your normal level of spending, they'll notify you immediately that something seems out of the ordinary.

You can also feel secure that you have the ANZ Fraud money back guarantee behind you and your account. This means if your card does go missing and someone else decides to spend money using your credit card, you won't be held liable for those transactions.

As long as you can verify that those transactions are fraudulent and you notify the ANZ regarding the details of the fraud, you will receive that money back in your account.

Compare cards with Visa payWave

Rates last updated November 24th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 22 months with 2% balance transfer fee
$129 p.a.
Earn 1 Reward Point per $1 of eligible spend and receive complimentary travel and purchase protection insurances.
St.George Vertigo Platinum - Online Offer
12.74% p.a.
0% p.a. for 24 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Platinum card benefits plus 0% p.a. for 24 months on balance transfers (with no BT fee) and $0 annual fee in the first year. Ends 13 December 2017.
Westpac Low Rate Card - Online Only Balance Transfer Offer
13.49% p.a.
0% p.a. for 24 months with 2% balance transfer fee
$59 p.a.
Take advantage of 0% p.a. for 24 months on balance transfers with a 2% balance transfer fee when you apply online by 31 January 2018.
NAB Premium Card
19.74% p.a.
0% p.a. for 20 months with 2% balance transfer fee
$90 p.a.
Enjoy a low interest rate on balance transfers. Benefit from platinum credit card advantages.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.
Virgin Money Low Rate Credit Card
11.99% p.a.
0% p.a. for 14 months
$49 p.a.
Receive a discounted annual fee, $100 cashback when you meet the spend requirement and up to 44 days interest-free on purchases.
St.George Vertigo Visa - Online Offer
13.24% p.a.
0% p.a. for 18 months
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
Take advantage of 0% p.a. for 18 months on balance transfers (with no BT fee). Plus, $0 annual fee in the first year. Ends 13 December 2017.
Greater Bank Visa Credit Card
11.95% p.a.
$40 p.a.
Same low 11.95% p.a. interest rate on purchases and cash advances, plus, up to 55 interest-free days on purchases.
HSBC Platinum Qantas Credit Card
19.99% p.a.
0% p.a. for 6 months
$199 p.a.
Receive 60,000 bonus Qantas Points when you meet the spend requirement and earn up to 1 Qantas Point per $1 spent.
ANZ Platinum Credit Card - Exclusive Offer
0% p.a. for 3 months (reverts to 19.74% p.a.)
0% p.a. for 12 months
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
Exclusive to finder, receive 0% p.a. interest on purchases for 3 months and 0% p.a. on balance transfers for 12 months with no balance transfer fee.
Virgin Australia Velocity Flyer Card - 0% Interest Offer
0% p.a. for 12 months (reverts to 20.74% p.a.)
0% p.a. for 6 months
$129 p.a.
Save with 0% p.a. on purchases for 12 months. Plus, up to 0.66 Velocity Points per $1 spent.
Virgin Australia Velocity High Flyer Card - 80k Bonus Points offer
20.74% p.a.
0% p.a. for 15 months
$289 p.a.
Take off sooner with up to 1 Velocity Point per $1 spent and earn up to 80,000 bonus Velocity Points. Plus, complimentary travel insurance.
Citi Prestige Card
20.99% p.a.
0% p.a. for 6 months
$700 p.a.
Earn from 1 Point per $1 spent on selected purchases and enjoy unlimited airport lounge access with a complimentary Priority Pass.
ANZ First Student Card
19.74% p.a.
$0 p.a. annual fee for the first year ($30 p.a. thereafter)
An ideal credit card for students with up to 44 days interest-free on purchases. Access your account on the go with the goMoney app.
NAB Low Fee Card
19.74% p.a.
0% p.a. for 16 months with 2% balance transfer fee
$30 p.a.
Receive complimentary purchase protection insurance, special offers from Visa Entertainment and up to 44 days interest-free on purchases.
NAB Velocity Rewards Premium Card
19.99% p.a.
4.99% p.a. for 6 months
$150 p.a.
Offers up to 0.66 Velocity Points per $1 spent on purchases, combined with complimentary insurance covers and a concierge service.
Citi Rewards Platinum Credit Card
20.99% p.a.
0% p.a. for 24 months with 1.5% balance transfer fee
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
For high debt that needs a longer time to be repaid, this low, long-term balance transfer offer may appeal. A popular and prestigious Platinum card offer.
Citi Simplicity Card
19.99% p.a.
0% p.a. for 15 months with 1.5% balance transfer fee
$0 p.a.
Earn 5% cashback on eligible purchases (capped at $50 per month) for the first 90 days from card approval.
ANZ Platinum Credit Card
19.74% p.a.
0% p.a. for 16 months with 2% balance transfer fee
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
Enjoy platinum card benefits with a 24/7 personal concierge and complimentary overseas travel and medical insurance.
ANZ First Visa Credit Card
19.74% p.a.
0% p.a. for 16 months with 2% balance transfer fee
$30 p.a.
Get up to 44 interest-free days on purchases and take advantage of a low minimum credit limit.
NAB Low Rate Credit Card
0% p.a. for 6 months (reverts to 13.99% p.a.)
4.99% p.a. for 6 months
$59 p.a.
Receive up to 55 days interest-free on purchases, special offers from Visa Entertainment and Tap and Pay capabilities.
NAB Qantas Rewards Premium Card
19.99% p.a.
4.99% p.a. for 6 months
$250 p.a.
A premium card that offers 25,000 bonus points when you meet the spend requirements. Plus a 24/7 personal concierge.
NAB Velocity Rewards Card
19.99% p.a.
4.99% p.a. for 6 months
$95 p.a.
This Visa card offers 0.5 Velocity Points per $1 spent on eligible purchases and special Visa Entertainment offers.
Woolworths Everyday Platinum Credit Card
19.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you apply by 31 January 2018 and make an eligible purchase by 28 February 2018.
Citi Platinum Credit Card - 100k Bonus Points
20.99% p.a.
0% p.a. for 15 months with 1% balance transfer fee
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn 100,000 reward Points, take advantage of a long-term balance transfer offer and receive complimentary travel insurance.
Westpac Lite Card
9.90% p.a.
$108 p.a.
Keep credit card costs low with a maximum credit limit of $4,000 and no foreign transaction fees.
Australian Military Bank Low Rate Visa Credit Card
10.99% p.a.
0% p.a. for 12 months
$49 p.a.
Pay conveniently with Visa payWave Tap and Pay feature and take advantage of a long term balance transfer offer of 0% p.a. for 12 months.
bcu Classic Credit Card
11.80% p.a.
$45 p.a.
Enjoy a competitive interest rate of 11.8% p.a. on purchases, plus up to 55 days interest-free on purchases.
bcu Rewards credit card
12.80% p.a.
$89 p.a.
Enjoy a low ongoing purchase rate, get 0.66% cashback for every dollar spent, plus take advantage of up to 55 days interest-free on purchases.

Compare up to 4 providers

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

Related Posts

Qantas Premier Platinum
Qantas Premier Platinum

Interest rate

19.99

Annual fee

299
St.George Vertigo Platinum - Online Offer
St.George Vertigo Platinum - Online Offer

Interest rate

12.74

Annual fee

99
Bankwest Breeze Classic Mastercard
Bankwest Breeze Classic Mastercard

Interest rate

12.99

Annual fee

79

Ask an Expert

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

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

16 Responses

  1. Default Gravatar
    NichFebruary 22, 2017

    “Again, your purchase must be less than $100 if you want to wave your card. If the purchase is over $100, you will need to enter your PIN number or sign your name just as you always have.”

    What if someone knows the above info, and uses a stolen card to make multiple purchases at different retailers below $100? Is it then possible to set a daily limit to Paywave?

    Thank you

    • Staff
      MayFebruary 23, 2017Staff

      Hi Nich,

      Thank you for your inquiry.

      ANZ bank has a team that is responsible for ANZ Falcon security. They are in charge of monitoring for any level of suspicious activity on your account. They’ll notify you immediately if there is something that seems suspiciously different to your normal level of spending. So long that you can verify that those transactions are fraudulent and you contact ANZ to notify about the questionable transactions, then you won’t be held liable for those charges and you can also get that money back in your account.

      You may contact ANZ bank to get more information about how you can be secured using the payWave facility.

      Cheers,
      May

  2. Default Gravatar
    JacquiApril 22, 2016

    My VISA paywave card won’t tap anymore! It doesn’t even recognise the card is there, so I have to swipe and pin everytime :(
    How do I get it to work again?

    • Staff
      AllyApril 26, 2016Staff

      Hi Jacqui,

      I’m sorry to hear about that, but kindly take note that finder.com.au is an online comparison service that does not represent any credit card issuer such as ANZ.

      For that kind of concern, it would be best to contact ANZ’s customer service team for direct assistance.

      Their contact details can be found on the link that I sent to your email.

      I hope this has helped.

      Cheers,
      Ally

  3. Default Gravatar
    aimeeNovember 21, 2014

    No money in account but used wrong card so it debited my account. Will I be charged fees?

    • Staff
      ElizabethNovember 21, 2014Staff

      Hi Aimee,

      Thanks for your question.

      ANZ may allow you account to be overdrawn, and yes you will be charged a fee. According to the ANZ website, if a payment or withdrawal would mean your account is overdrawn ANZ may allow the payment to be processed using the Informal Overdraft Facility. An Overdrawn fee of $6 applies for each ANZ Business Day the balance of your Informal Overdraft facility is more than $50 (up to a total of ten ANZ Business Days and a maximum amount of $60 per calendar month).

      I hope this has helped.

      Thanks,

      Elizabeth

  4. Default Gravatar
    ciaranAugust 25, 2013

    Hi. Can I use pay wave even if I have no money in my account?

    • Staff
      JacobAugust 26, 2013Staff

      Hi Ciaran.

      Paywave is linked to your available credit or the money in your account. If you have no money in your account then Pay Wave will not work.

      Thanks for your question.

    • Default Gravatar
      StevenOctober 4, 2016

      Why did my paywave transaction get approved when i had a balance of $0.00?, not a very good safety feature. Its like having a credit card when i don’t want one.

    • Staff
      MayOctober 5, 2016Staff

      Hi Steven,

      Thank you for your inquiry.

      For instances that your card went through for a transaction but you do not have enough balance on your account, ANZ may have allowed your account to be overdrawn. Such transaction is processed by ANZ using the Informal Overdraft Facility. I have sent you a link where you can find more information about this facility.

      Please keep in mind though that this facility can be switched off. You can contact ANZ if you do not want to use this service.

      Cheers,
      May

  5. Default Gravatar
    MuhainiMay 2, 2013

    Hi, If I have a cashback credit card from national bank could i change it to visa wave?

    • Staff
      JacobMay 2, 2013Staff

      Hi Muhaini. Thanks for your question. Please consult the issuing bank for more information. Jacob.

  6. Default Gravatar
    LaurieApril 15, 2013

    Does the paywave work in UK and Europe?

    • Staff
      JacobApril 15, 2013Staff

      Hi Laurie. Thanks for your question. You can use this feature of your card anywhere the displays the Visa PayWave symbol, both at international and domestic merchants. Jacob.

  7. Default Gravatar
    NoelJanuary 22, 2012

    Can I use Credit & Savings Accounts with “ANZ Contactless”?

    • Staff
      JeremyFebruary 10, 2012Staff

      Hi Noel,

      Thanks for the question. From the ANZ website: “If you are an existing account holder of any of the following accounts, you should be eligible to have Visa payWave on your ANZ Visa credit card. – ANZ Balance Visa – ANZ First – ANZ Rewards – ANZ Frequent Flyer – ANZ Platinum – ANZ Rewards Platinum – ANZ Frequent Flyer Platinum. For MasterCard holders you should be eligible to have MasterCard Paypass enabled on your card.” While for ANZ Access Visa Debit Card holders: “you should be eligible to have ANZ Visa payWave enabled on your card.” Cheers.

      Jeremy

Ask a question