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When an application part of the merchant-application limitation scope is not defined, the limit is acting for all applications individually but only those payments are taken into the account, which are processed through the selected merchant.
When neither application nor merchant parts of the 'merchant-application' limitation scope are not defined, the limit is acting individually for all possible pairs of merchants and applications. The limit value is calculated for each pair separately and only those payments are taken into the account, which are processed via the application and for the merchants, which are composing the pair.