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;
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 $100.00 or any other amount notified by Kiwi

Examples of Floor Limit in a sentence

  • Unless otherwise agreed by Elavon in writing, the Authorised Floor Limit for Sales Transactions shall be zero.

  • EQUATION OF A FIELD OF TETRADS IN THE SPACE OF ABSOLUTE PARALLELISM.

  • For example, this may occur when your Visa Card is used to purchase goods or services for an amount which is below the approved Floor Limit.

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

  • Floor Limit means an amount above which a payment using an eftpos Device requires approval by Indue in order for the transaction to be effected.


More Definitions of Floor Limit

Floor Limit means a set amount which a Customer may spend on a single Transaction using a Payment Instrument without obtaining Authorisation;
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 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 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, 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 an amount above which a payment using an eftpos Device requires approval by OMMS and Indue in order for the transaction to be processed. Floor Limits are set by merchants’ financial institutions.
Floor Limit means an amount above which a payment using an eftpos Device requires approval by OMMS and Indue in order for the transaction to be46processed. Floor Limits areset by merchants’ financial institutions.