Payment Types are used when adding a payment to an account. For example: Credit Card, Cash, Coupon, Discount, Scholarship, Prorate, and Check.
To add or edit Payment Method Types
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On the administration menu, select Lookups, select General, and then click Payment Method Types.
The Payment Method Types page displays.
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Do one of the following:
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Select the Active check-box to make the type available, or clear the check-box to make the type inactive.
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In the Description box, type the descriptive name for the payment method type.For example: Check.
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Select the Revenue check-box if the payment method generates revenue for the organization.
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Click the Save and Return button to save the new type and return to the Payment Method Types list.
To delete a Payment Method Type
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On the administration menu, select Lookups, select General, and then click Payment Method Types.
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Click the Edit button next to the type you want to delete.
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Click the Delete button.
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Click Yes to confirm the deletion.
NOTE: You cannot delete a payment method type if it is currently in use.