Payment Arrangement Down Payments

A down payment may be required/applicable as a prerequisite for starting the payment arrangement.

A setting on the Payment Arrangement Request Type controls whether down payments are required/optional/not applicable. If down payments are required or optional, the payment arrangement request type defines the down payment options, which are percentages of the total payment arrangement amount or a flat amount.

The down payment due date is calculated based on settings in the Payment Arrangement Request Type – e.g. number of days till due.

The down payment is monitored for the actual payment:

  • If the down payment is paid, the request is granted. The SA balances are recalculated based on the down payment amount that was paid and the payment arrangement service agreement is created.

  • If the down payment is unpaid or is insufficient (based on the implementation’s rules), the request is denied and the payment arrangement service agreement will not be created.

Refer to the Payment Arrangement Request Type (C1–PARequestType) business object for more details on down payment option configuration and to the Payment Arrangement Request (C1–PARequest) business object, to see the monitor algorithm that checks if the down payment was made.