Meaning floor limit
What does floor limit mean? Here you find 8 meanings of the word floor limit. You can also add a definition of floor limit yourself
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floor limitmaximum amount of charges permitted to a credit card user at given property without clearance.
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floor limitIn retailing, the highest amount of money for a sale for which a debit or credit card can be used by a customer without authorisation from the customer's bank.
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floor limitThe amount of weight usually in pound per square foot that the floor can support. Used primarily in Ballrooms and Exhibit halls when working with exhibit shows.
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floor limitA floor limit is a certain amount that MasterCard and Visa has determined for which credit and debit transaction for single transactions must amount to at merchant outlets and branches.
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floor limitAn amount agreed between an acquirer and a merchant for a single transaction over which an authorisation approval must be obtained by the merchant for guarantee of payment subject to compliance with c [..]
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floor limitAn amount that Visa and MasterCard have established for single transactions at specific types of merchant outlets and branches, above which authorization is required.
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floor limitDefinition In credit card purchases, the maximum amount the merchant can charge to the buyer's card without getting authorization. For a charge above the floor limit, the merchant must obtain aut [..]
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floor limitA currency amount that Visa has established for single transactions at specific types of merchants, above which online authorization is required.
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