A floor limit is the payment amount above which credit or debit card transactions must be authorized before being processed. The floor limit can vary from business to business and is specified in the merchant processing agreement.The term floor limit was coined, and had a lot more significance, in the past when on the sales [...]
Posts Tagged ‘Electronic Authorization’
Credit Card Processing Floor Limit
April 5th, 2010 
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Posted in Articles 
Tags: Authorization System, Authorization Systems, credit card processing, Debit Card Transactions, Electronic Authorization, Environment, Fraud, Fraudulent Activity, Internet Mail, Joe Cole, Mail Order, Merchant Bank, Merchant Banks, Merchant Processing, Merchants, Point Of Sale, Recourse, Sales Receipt, Telephone Call, Telephone Order 
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