Martin Lewis has issued an urgent warning over a ‘quick and easy’ online checkout option that might not be as secure as it seems.
The Money Saving Expert founder took to social media platform X to share a word of caution over the ‘pay by bank app’ feature now available at many retailers.
While the payment method – which requires users to open their banking app to approve the transaction, might be faster than inputting their card details – Martin claimed it offers ‘little protection’.
He explained: ‘It’s on the likes of Just Eat and Ryanair. You don’t give card details, just pick your bank, and log into the app (via biometrics) then it’s done.’
A variety of banks and card companies, including Barclays, Mastercard and Santander, allow customers to use the pay by bank app option, with merchants from Funky Pigeon to Caffe Nero signed up as retail partners.
However, the finance guruhighlights that …