Standard Limits:
Limit of one transaction - 3 000 GEL
During the day - 10 000 GEL
Standard Insurance reserve on foreign card transactions
10% of the transaction (for a period of 6 months) + fixed GEL 500
* Limit - Restriction of transactions in a certain amount of time in terms of money and quantity.
* Insurance reserve - the amount placed by the company on the reserve account, which is used only to reimburse the loss (if any) to the bank through the appealed transactions.
* Insurance reserve requirement applies to companies that accept payments with Georgian and foreign bank card (s)
* Insurance reserve is not required for companies that want to receive payments only with Georgian bank (s) cards.