If the authorization is unsuccessful, then the order is put on authorization hold and the system does not enable further order processing. By way of the middleware solution, the system retrieves authorization and updates the prepayment transaction in the system. In the system, the transaction is an electronic transmission of transaction information between the bank, the credit card company, and the credit card processor.ĭuring order entry, you can validate credit information when you accept a credit card payment. Three-party prepayments are typically credit card transactions, which occur between you, the customer, and the credit card company. When an order is prepaid with cash or a check, the system indicates the prepayment form, transaction, and total on the invoice. Two-party prepayments are typically cash or check transactions, which occur between you and the customer.
Two types of prepayment transactions exist: When you make any type of prepayment, the system records transaction information for each order detail line, and indicates the payment on the invoice. Many types of prepayments are available for a customer to use, such as cash, check, and credit card. Prepayment of an order takes place when a seller receives a form of payment from the customer at the time of order entry. With prepayment processing, you can generate an invoice as a customer receipt, with the order total noted as prepaid on the invoice. Occasionally, customers can make a form of payment in advance, which is immediately after order entry. When you enter orders for customers, you send out invoices to the customers for the goods they received.
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