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To be fair contactless payments are just as fast in the US. Its just the chip that is slow here.

Since I'm outside the US and couldn't find that info in the thread - just how slow these payments are? To me, waiting these 2 seconds for confirmation already seems slow.

At Lowes (a big box hardware store) in a major US city, I'd say consistently 3-5 seconds.

Caveat that perceptually this seems like a lot longer due to the variable action flow (sometimes sign, sometimes take card immediately, sometimes error) that demands attention.

Sometimes 10-15 seconds.

Hate to be the bearer of bad news, but contactless in the US is fast because it generally transmits magstripe data.

Apple/Samsung/NFC Pay is not mag stripe. It is generally faster than a chip card.

Apple and Android Pay are not mag stripe, they're proper encrypted nfc payments. Samsung pay CAN be a magstripe emulation, for terminals that don't support NFC.

To clarify, EMV supports tokenized transactions that emulate the _contents_ of the magnetic stripe over NFC, and this is what is broadly used in the US.

Note here[0] that Chase states that only contactless MSD support (contactless magstripe emulation over NFC with a dynamically-generated security code) is required for Apple Pay; a subset of contactless EMV.

[0] https://www.chasepaymentech.com/developercenter/applepaymode...

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