FLOOR LIMITS. 4.1. DNAP may from time to time notify the Merchant of a monetary limit:
4.1.1. on the aggregate value of one or more Transactions in respect of any specified period (Trading Limit); and/or
4.1.2. in respect of a single Card Transaction or series of connected Card Transactions (including Contactless Transactions) up to which the Merchant may complete sales without obtaining Authorisation (Floor Limit).
FLOOR LIMITS. 5.1 The Floor Limit applicable to all transactions is zero. All transactions require prior authorisation from a bank by way of the Electronic Authorisation Function prior to You permitting the Cardholder to spend on a Card.
FLOOR LIMITS. 5.1 The authorised floor limits at each place of business of the Merchant shall be advised to the merchant by the Bank.
5.2 The Bank shall have the right to vary such floor limits from time to time by giving the Merchant notice in writing of such amendment.
5.3 The Bank shall have the right to vary the floor limits at any time by giving the Merchant written notice, should the Merchant commit a breach of any material provision of this agreement.
FLOOR LIMITS. (a) A floor limit is an amount below which you do not need an authorisation for Credit Card Transactions (Floor Limit) from us. Your Floor Limit for EFTPOS Debit Card Transactions and Alternative Payment Transactions is always zero; that is, you may only ever perform EFTPOS Debit Card Transactions and Alternative Payment Transactions online when the POS Terminal and System are operating.
(b) If we approve you for a non-zero Floor Limit in writing, you may perform manual Credit Card Transactions when the POS Terminal is inoperable or the System is unavailable up to the Floor Limit without obtaining an authorisation. You can then complete those transactions on the POS Terminal when the POS Terminal and System are operating in order that they be settled.
(c) You must use the Manual Credit Card Imprinter to take a manual imprint of the Card and obtain the Cardholder’s signature when performing approved Credit Card Transactions under the Floor Limit.
(d) You are not eligible for a Floor Limit unless we approve you in writing. When the POS Terminal and System are operating normally, you must perform all Card Transactions via the POS Terminal online and obtain an approval authorisation code for every transaction during normal operation. Your POS Terminal automatically authorises every Card Transaction online.
(e) If the POS Terminal or System is inoperable and you are not approved for a Floor Limit, you must use our down-time processing service to perform pre-authorisation or Credit Card Transactions, or wait until the POS Terminal and/or System operation is restored before performing Credit Card or EFTPOS Debit Card Transactions.
FLOOR LIMITS. A zero Floor Limit will apply and the Merchant must get authorisation for all of the Merchant’s Transactions.
FLOOR LIMITS. Notwithstanding any provision to the contrary herein or in the Operating Procedures, to the extent allowed under Applicable Law, Stage may consummate Purchases in amounts up to $100.00, or such other limit mutually agreed by the parties, during any period during which the Bank's authorization systems are interrupted or not operational for purposes of receiving or providing transaction authorization or the telecommunications infrastructure between Bank and Stage is not functioning. If losses arising out of floor limit transactions materially exceed the aggregate loss rates for the Plan, the Plan Committee shall discuss adjustments to the floor limits to attempt to mitigate losses arising out of such transactions.
