Floor Limit
In a business, the maximum amount that can be charged to a credit card without requiring authorization from the card association.
Welcome to our Chargebacks Glossary! This page is your go-to resource for understanding the terminology used in the chargebacks industry. Whether you're a merchant, financial institution, or consumer, our glossary provides clear definitions of key terms, from "Acquirer" to "Zero Liability Policy."
In a business, the maximum amount that can be charged to a credit card without requiring authorization from the card association.