[ELI5] Why we can just skip the PIN when using our cards?

Question

You know when it gets to the PIN screen, sometimes it’ll say, “Press cancel/enter to continue” and you can just… bypass the PIN. Doesn’t that just defeat the purpose of the PIN?

In: 247

Answer 1

I know from the FI side we like it when you bypass the PIN and run it through as a credit transaction, it is more lucrative.