Prerequisites for Managing Credit Card Payments

Before you pay for an item by credit card, perform these tasks:

1. Create a bank account, using the External Accounts component (BANK_EXTERNAL), that has a collection method of Credit Card.

2. Assign the bank account to the business unit on the Receivables Definition - Bank/Payment Options page.

3. Set up the customer's credit card details on the Contact Additional Info (contact additional information) page.

   See Adding General Customer Information

   Note: If you do not enter credit card information on the Contact Additional Info page, you will not be able to create credit card payments and receive authorization and settlement information in batch. You can, however, still enter manual authorizations on the Credit Card Details page.