1

Checking it changes the dialogue to "Currently monitoring incoming transactions, none found yet." enter image description here

4

It does what the text on your screenshot says: it monitors the blockchain for incoming transactions matching the amount you specify. This is intended as a poor man's point of sale system: if you're selling things for monero, you can use this screen with these steps:

  • find a customer who wants to buy something and pay with monero
  • enter the item's price in the box in your screenshot
  • let the customer scan the QR code
  • let the customer send monero using that QR code using their wallet
  • wait till a transaction is reported on this screen, and check it says the payment is for the full amount
  • optionally wait for a confirmation or more
  • give the customer the item
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