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Q:

What is the ‘Maximum payment amount’?

A:

This is a payment limit that can be set on your profile by your administrator. 

It sets the maximum amount that can be sent in a payment at any one time. (For a Bulk payment this will be the total debit amount.)

If 'No limit' is specified, payments of any value can be made, as long as funds are available.

If a limit of zero is specified, no payments of any value can be made.

Payment limits give you extra control of your outgoings and help protect your business from fraud. The decision to use them is yours, but we strongly recommend you set a limit that matches your business’s needs.

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