Using a chip card is a little different than just swiping your card like you had been doing.
- Insert your card (chip side first) into the slot in the payment terminal, but DO NOT REMOVE your card.
- Follow the prompts on the terminal and complete any required actions. Sign for your purchase, just like you do now.
- Remove your card from the slot and return it to your wallet.
Using a chip card for online purchases is done the same as it is now with a magnetic stripe card. Simply enter the card number, expiration, and billing details when prompted by the website.
Your card will have both a chip and a magnetic stripe. Full roll-out of chip or EMV card acceptance in the U.S. will take a long time. Thousands of merchants currently have payment terminals and card readers designed to read only magnetic stripe cards, but these machines will eventually be replaced by chip card readers.
All new LorMet Visa® Credit Card accounts will receive chip cards. If you already have a LorMet credit card, you will receive a chip card upon expiration of your current card or if you are issued a replacement card.