I use PayPass regularly on my MasterCard. I knew there was a $100 limit on contactless transactions, but I always thought you could go above that - and you'd just have to enter your PIN to authorise it.
Well, I got caught out the other day when I had a contactless-only card with me (it sticks on the back of my phone, no chip and not swipable) and tried to make a $130 transaction. That's when I discovered that $100 limit is a hard limit after all!
As far as I can tell from looking at a couple of bank sites, these limits appear to be set by the bank rather than the payment network.
Are there any Australian banks (or credit unions or any other card issuer) who have a higher contactless limit, with or without PIN required?