What is floor limit in SAP IS-R-POS - Point of Sale?

SAP Term: floor limit

• Component: IS-R-POS

• Component Name: Point of Sale

• Description: A level or threshold that can be set in the system. Based on your configuration, falling above or below this level triggers specific functions. For example, the floor limit specifies the maximum amount that can be processed from a bank card before external authorization is required.

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• Key Concepts: 
  Floor limit is a feature of the IS-R-POS Point of Sale (POS) system that allows merchants to set a maximum amount for a single transaction. This limit is designed to protect merchants from fraud and other risks associated with large transactions. The floor limit is set by the merchant and can be adjusted as needed. 
  
  How to use it: 
  The floor limit can be set in the POS system by the merchant. The merchant can adjust the limit as needed, depending on their risk tolerance and the type of transactions they are processing. If a transaction exceeds the floor limit, the POS system will prompt the merchant to enter additional information or take other steps to verify the transaction. 
  
  Tips & Tricks: 
  It is important to set an appropriate floor limit for your business. Setting a too-low limit may result in too many transactions being flagged for additional verification, while setting a too-high limit may leave you vulnerable to fraud or other risks. It is best to review your transactions regularly and adjust the floor limit as needed. 
  
  Related Information: 
  The IS-R-POS Point of Sale system also includes other features such as customer loyalty programs, inventory tracking, and payment processing. For more information about these features, please visit SAP's website or contact your local SAP representative.