The Payment Ring – How do I use my Payment Ring on Public Transport?

One of the best things about The Payment Ring is that it can be used on public transport. At the moment there is only information on how you can use it on the TFL Network. Nevertheless, this means you can use your payment ring on London buses, tubes, trams and trains.

In 2014, the TFL Network began accepting contactless payments on London’s public transport. Similar to Oyster Cards, you simply tap your card on the yellow card reader when approaching the barrier.

How do I tap in with my Payment Ring?

You would use your payment ring the same way you would tap in with an oyster card or contactless card – by tapping in on the yellow reader on the barrier.

You should remember to “knock” on the yellow pad to get the right transmission position. Hold the position until the reader beeps and the barrier opens.

TFL - The Payment Ring

One mistake that many of us have made (and probably won’t again) is forgetting to tap out! Whether you’re using your oyster card, your contactless card or your payment ring, you still need to make sure that you tap out at the end of your journey. If you forget to do this, you could be charged the maximum amount for where that form of transport could have went.
E.g. If your train starts at London Victoria and it’s last stop is at Epsom, and you get off at Sutton but forget to tap out, you may be charged for that whole journey to Epsom.

If you are ever in a situation where you know you have forgotten to tap out, be sure to call TFL customer services and explain what has happened and they will guide you from there.

How much does it cost to use on public transport?

The Payment Ring not only has a daily cap, but also a Monday – Sunday weekly cap when used on London’s public transport. This means that it will never cost you more than a daily or a weekly travelcard.

It is important to bare in mind though that if you are travelling into London every day, then using your payment ring may not be the most cost-effective option. The cap runs Monday to Sunday, so there may be some weekly deals available to you. Either way its not as convenient as your ring being there on your finger!

See previously: The Payment Ring – Are contactless payments safe?

The Payment Ring – Are contactless payments safe?

Most of us tap and pay without thinking twice, but are contactless payments really safe?

Although contactless payments were introduced over 10 years ago, there is still a lot of speculation regarding its level of safety.

“What if my payment goes through twice?”

“If my wallet is near a card reader, will it accept a payment without me even knowing?”

“What if my card gets stolen and someone maxes out my contactless payments?”

These are just a few questions surrounding this subject, below we have covered the most frequently asked.

How do I know if my card is contactless?

You will know if your card is contactless or not as it will have the contactless symbol on it. Similar to a Wi-Fi symbol, it consists of four curved lines facing the right direction.

You can use your contactless card on any payment terminal that has this logo.

Can I accidentally pay for someone else’s shopping by brushing past a contactless terminal?

If you’re paying for an in-store purchase with your contactless card, the card needs to be very close to the terminal (usually less than 2 centimetres away). The terminal also has to be ready to take the payment.

It’s very unlikely that you can accidently pay for someone else’s shopping by just brushing past a terminal. The card would have to touch the card reader and be held in that position for around half a second before the terminal accepts the payment.

What if my card gets lost or stolen and my contactless payments gets maxed out?

Firstly, if your card gets lost or stolen, one of the first things you should do is call your bank and cancel your card. Providing you have informed your bank of this as soon as possible, normally you will not be responsible for any losses suffered (depending on your banks terms and conditions).

Also depending on your bank, there is normally a certain amount of times that you can tap your card on a contactless payment terminal. The maximum amount you can spend in one transaction is £30 or it will ask for Chip and Pin.

Just like normal transactions, your bank is continuously looking out for any unusual transactions, which will work the same for contactless payments.

Is the Payment Ring safe?

The Payment Ring works just the same as a contactless card. It has a chip in in that gets recognised by payment terminals. You have to be very close in the transmission ready position to accept a payment from a terminal.

The Payment Ring - Contactless Reader

One of the things that is most attractive about The Payment Ring is that it’s just there on your finger. It’s always ready to use! One of the first things that people say about The Payment Ring, is;

“What if you lose it?”

When you think about it, you have more chance of loosing your actual payment card than your ring. Just like all other pieces of jewellery, they have a place on your body, whereas a payment card doesn’t. A ring can be permanently on you, however a payment card has to either be placed in a purse/wallet, in a pocket, or loosely in a bag.

Take a look at our rings here

See previously: The Payment Ring – What does the Payment Ring do that your Smart Phone or Smart Watch can’t?

The Payment Ring – What does the Payment Ring do that your Smart Phone or Smart Watch can’t?

Smart phones and smart watches have a huge range of functionalities. Over the years they have developed from making a simple phone call, to measuring your heart rate just through the touch of a button. In 2015, Kerv created the world’s first payment ring. Although they are completely different products, below we have compared these devices on their contactless payment abilities.

Payment Ring VS Smart Devices

Why would I buy the Payment Ring when my phone can use contactless already?

Don’t get me wrong, having a mobile phone that can not only text and call, take high quality photos, calculate how many steps you have done in the day, and even use for contactless payments, is great! Most smart phones now days come with all of these features. So why do we think using your Payment Ring is more practical?

The first thing is convenience. The payment ring is always on your hand. All you have to do is simply tap the card reader in a fist position and your in! No rummaging through your bag to find your phone and clicking through to the right app. The ring is there.

Also, the payment ring requires no charging so it will never be out of battery, which your phone may be.

Thirdly, its choice. The payment ring is stylish, its the latest gadget in the market. Why buy the latest phone when your current device does everything you need it to? It’s because we like to keep up to date and show off what we have.

The beauty of The Payment Ring is that it’s simple, practical and a trendy gadget for everyone. Although The Payment Ring’s one main purpose is to make contactless payments quickly and easily, it doesn’t have the functionalities that other smart devices have. The Payment Ring was designed to be convenient and practical for every day people making payments. A smart phone is designed for a number or reasons, mainly communication.

Mastercard - The Payment Ring

The fact is that whether your phone is fully charged or completely flat. Whether the crowds are overwhelmingly busy or if you’re the only person in the station, your ring is always ready, waiting to be used.

Buy your payment ring here today!

See previously: The Payment Ring – How making payments have evolved..


The Payment Ring – How making payments have evolved..

In just under a hundred years, payment cards have evolved into a Payment Ring.

But how did it all start?

Payment cards were originally created in the 20’s for customers of individual businesses. They could use their card to buy from that one company (what we’d refer to now as a store card). It took a decade to create a universal payment card that could be used in stores for taking payments.

Card - The Payment Ring

When were contactless cards introduced?

In today’s society, we use payment cards for the majority of in-store purchases. In 2007 they introduced contactless cards, where you can tap your card onto a card reader without taking neither a pin nor signature – providing its under £30. It took just under a decade for the public to embrace it and stores to accept that form of payment.

Card - The Payment Ring

When the contactless card was first introduced, there was a lot of speculation as to whether it was safe. Initially you could make contactless payments of anything up to £20, but due to its popularity in the past couple of years, they increased it to £30. The card reader can only accept contactless payments when the card is very close to the screen. The reader also has to be ready to take a payment. Only one payment can be accepted at a time before the transaction is approved and therefore complete.

When was The Payment Ring introduced?

In 2015 Kerv created the first contactless payment ring. The idea behind it being, that you don’t have to worry about bringing out your wallet or rummaging through your bag to find your card, as your ring is simply on your finger. With a simple fist pump action with the card reader, your payments accepted – it’s as simple as that! With there being a huge increase in places that accept contactless payments, The Payment Ring is now accepted on London transport, in petrol garages and many more.

Card - The Payment Ring

Buy your Payment Ring here