The Hellenic Bankers Association has issued a statement reassuring the public that when a card is swiped through a POS machine a second time, it does not automatically result in a double charge.
According to their clarification, for a second transaction to occur, the employee must manually re-enter the amount. This process significantly minimizes the chances of accidental double billing.
In practice, simply swiping the card at the POS does not guarantee that a transaction has been successfully completed. It’s common for the device to emit a sound without effectively reading the card or completing a charge. Only by re-keying and executing the transaction again can an additional charge be triggered.
Moreover, thanks to advancements in e-banking technologies and applications, users can easily monitor their banking transactions in near real-time through their mobile phones. It’s also important to note that POS machines print a receipt for every transaction, and consumers are advised to verify the amount displayed.
Lastly, the Association emphasizes the need for vigilance regarding charges from electricity suppliers. Some contracts may include high tariffs that could come as an unwelcome surprise. Therefore, it’s essential to be well-informed before signing any new contract.
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