The Method of Payment determines how a
customer payment or deposit is to be captured, processed, and
posted to the General Ledger.
The capture of the Method of Payment is
based on whether the Texada Pay feature has
been activated and on the currency defined for the Customer.
This page discusses the process of taking the payment.
The Capture Customer Payment Options page
provides more details on payment configurations.
Based on the Methods of Payment selection one of these follow-up windows may be triggered to complete the transaction information:
Texada Pay Payment:
When Texada Pay is active and the currency
assigned to the Customer matches the
currency defined for your Company the
following three Texada Pay options can be entered:
The Select TP Method of Payment window is
also provided to make the Texada Pay selections instead of the
drop-down list.
Select from the Texada Pay options provided
to pay:
When a negative dollar amount is entered for a refund or credit the options are:
With Texada Pay if the 'Refund Existing Payment
Only' control is activated in the Texada
Pay configuration, a one-time refund can only be given if it is
less than or equal to an existing deposit transaction amount.
Some clearing houses will not approve a refund unless the original
payment has been processed and approved so if a refund cannot be
processed immediately the operator is given the option to add the
Refund Request to the TP Pending Refund
Queue table to be re-submitted to the clearing house at a later
time.
Foreign Customer or Currency with Texada Pay:
The company currency is defined in the Company
Information and dictates the configuration of the Credit Card
clearing house setup in Texada Pay.
If the Customer submitting the deposit or
payment has been assigned a different currency, select a payment
method from the drop-down list as setup in Methods of Payment.
e.g. Cash, Visa, Master Card, Debit Card, etc.
Based on the selection one of the following follow-up windows may be triggered:
Note: If the Customer submitting the
deposit or payment has been assigned the same currency as the
Company but uses a foreign Credit Card,
the clearing house will apply the exchange rate and your firm will
be paid in your currency but the customer will be charged in that
foreign currency.
Example: If your company currency is Canadian, then your firm can
only take payments from customers with a Canadian currency defined
so if a customer with Canadian currency pays with a US credit card,
your firm will get paid in Canadian dollars and the customer will
get charged in US dollars.
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