POS terminal limits come in various forms, and it's important to understand how they differ:

• Daily transaction limit This limit determines the maximum amount that can be spent using a card in a single day. For example, if you make several purchases, the system adds them up, and the total must not exceed the established limit.

• Cumulative periodic limit Unlike the daily limit, this limit applies over a specific timeframe — a week, a month, or a quarter. It restricts the total sum of all transactions within that period. This allows you to distribute your spending but stay within a safe overall expenditure level.

• Cash withdrawal limits Some POS terminals allow you to get cash back when paying for goods or services. These transactions also have their own restrictions to protect your funds and prevent misuse.

The payment process with a card via a POS terminal looks simple:

• You select a product or service and tell the cashier you want to pay by card.

• The cashier enters the amount into the terminal.

• You confirm the transaction with a PIN or via contactless method.

• If the amount does not exceed the limit, the transaction goes through, and funds are debited from your account.

• If necessary, the POS terminal may dispense cash along with the purchase.

Knowing the limits helps you avoid unpleasant situations where the card is declined due to exceeding the set threshold, and allows you to plan your spending more effectively.

POS transaction limits are not just a formality. They address several key objectives:

• Security: Limits the risks associated with card theft or loss.

• Financial control: Helps manage expenses and plan a budget.

• Compliance with bank requirements: Banks must adhere to regulator rules to protect clients.

• Flexibility and personalization: With some banks, you can adjust the limit to suit your needs.

Thus, understanding limits and knowing how to manage them makes every transaction safer and more predictable.