Floor Limit definition

Floor Limit means any monetary limit (of which we notify you from time to time) above which you must obtain our Authorisation prior to completing a Transaction;

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Floor Limit means the total value of a transaction processed manually using a Fallback Voucher You are authorised to make to a Cardholder on any single occasion without obtaining an Authorisation.

Floor Limit means a set amount which a Customer may spend on a single Transaction using a Payment Instrument without obtaining Authorisation;

Examples of Floor Limit in a sentence

• Allow the Acquiring Bank to make changes to the Merchant Floor Limit and to set the Floor Limit to the value as dictated by scheme rules.

• Such Trading Limit or Floor Limit shall continue to apply unless we notify you otherwise in writing.

• Such Authorised Trading Limit or Authorised Floor Limit shall continue to apply unless we notify you otherwise in writing.

• Merchant will also be assessed the following fees on Visa transactions: the Visa Misuse of Authorization System fee, which will be assessed on authorizations that are approved but never settled with the Merchant’s daily batch, the Visa Zero Floor Limit Fee, which will be assessed on settled transactions that were not authorized, and the Visa Zero Dollar Verification fee, which will be assessed on transactions where Merchant requested an address verification response without an authorization.

• Merchant will also be assessed the following fees on Visa transactions: the Visa Misuse of Authorization System fee, which will be assessed on authorizations that are approved but never settled with the Merchant's daily batch, the Visa Zero Floor Limit Fee, which will be assessed on settled transactions that were not authorized, and the Visa Zero Dollar Verification fee, which will be assessed on transactions where Merchant requested an address verification response without an authorization.

More Definitions of Floor Limit

Floor Limit means $100.00 or any other amount notified by Kiwi

Floor Limit means the total value which You may permit a Cardholder to spend on a Card at any one time without prior authorisation from a bank.

Floor Limit means the total value, including any part of the value of sales, which the Merchant may, without advance authorisation from the B a n k , permit a customer to spend on a Card on any one occasion, all floor limits will be set at zero.

Floor Limit means the total value including any part of the value of sales or services paid for by means other than with a Card, which the Merchant may permit a Cardholder to pay with a Card on any one occasion without obtaining prior authorisation from the Card issuer;

Floor Limit means, where applicable, the maximum amount that the Federation may authorize in respect of: (i) a Cardholder’s purchases of goods offered or services rendered by the Merchant in a single Credit Card Transaction; or (ii) the total Transactions carried out with a Merchant in one day; without, in both cases, requiring systematic authorization from the Federation;

Floor Limit means the United States dollar amount designated by Bank, as it may be changed from time to time, at or above which Authorization must be obtained to make a Card Sale.

Floor Limit means the amount specified for a single transaction above which authorization is required from the Bank / its Merchant Service Provider authorised to act on behalf of the Bank