How To Fix F3101 - The local currency &1 is not valid for this payment method

SAP Error Message - Details

• Message type: E = Error

• Message class: F3 - Payment program configuration

• Message number: 101

• Message text: The local currency &1 is not valid for this payment method

What causes this issue?

"Foreign Currency Allowed" has been switched off. &V1& is not included
as a valid currency in the country-specific entries for the payment
method.

How to fix this error?

You should either check the "Foreign Currency Allowed" box or enter the
the local currency &V1& as a permitted currency in table T042W.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message F3101 - The local currency &1 is not valid for this payment method ?

  The SAP error message F3101, which states "The local currency &1 is not valid for this payment method," typically occurs when there is a mismatch between the local currency of a company code and the currency settings for a specific payment method in the SAP system. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Currency Configuration: The payment method you are trying to use is not configured to accept the local currency of the company code. Each payment method can be restricted to specific currencies.
  Company Code Settings: The company code may have a local currency that is not compatible with the payment method settings.
  Payment Method Settings: The payment method may be set up to only allow certain currencies, and the local currency of the transaction does not match any of those allowed currencies.
  
  Solution:
  
  
  Check Payment Method Configuration:
  
  Go to the transaction code OBPM1 (for payment method configuration).
  Check the settings for the payment method in question and ensure that the local currency of the company code is included in the allowed currencies for that payment method.
  
  
  
  Review Company Code Currency:
  
  Use transaction code OBY6 to check the currency settings for the company code.
  Ensure that the local currency is correctly defined and matches the currency settings of the payment method.
  
  
  
  Adjust Payment Method Settings:
  
  If necessary, modify the payment method settings to include the local currency. This may involve adding the currency to the list of allowed currencies for that payment method.
  
  
  
  Consult with SAP Basis or Functional Consultant:
  
  If you are unsure about making changes, consult with an SAP functional consultant or your SAP Basis team to ensure that changes are made correctly and do not affect other configurations.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OBPM1: Payment method configuration.
  OBY6: Company code currency settings.
  FBZP: Configuration for payment program settings.
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on configuring payment methods and company code settings.
  
  
  Testing: After making changes, perform a test transaction to ensure that the error is resolved and that the payment method works as expected.
  
  
  By following these steps, you should be able to resolve the F3101 error and ensure that your payment methods are correctly configured to handle the local currency of your company code.