Hi all,
My customer is in retailing business and have to use credit card for incoming payment.
Some credit cards company offer installment plan to end-consumer. Note that the installement is given by the credit card company to end-comsumer not by my customer to end-consumer.
Example: Invoice is $1000 and end-consumer opt for use Citibank credit card 6-mth installment payment plan. The credit card company (which is Citibank) will pay my customer $1000 and end-consumer will pay back the credit card company in 6 installments.
When my customer enters Incoming payment, we will use the credit card tab in the payment means. How can i setup such in the way whereby she can input that this is a Citibank credit card 6-mth installment payment plan?
Also, i need to setup what is the credit charges for different cards and plans.
Example: Citibank 6-mth installment - 3% (meaning i need to pay the bank 3% of received amount)
Where should i set this so that i can have a report to show all incoming payments with the payment means and method and also compute what is the card charges my customer has to pay the bank?
Do i have to create user-defined table or just user-defined field is enough?
Thanks,
Veron