How To Fix FIBL_RPCODE064 - Payment method &1 is invalid for currency &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FIBL_RPCODE - Messages for Repetitive Payments

• Message number: 064

• Message text: Payment method &1 is invalid for currency &2

Self-Explanatory Message

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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FIBL_RPCODE064 - Payment method &1 is invalid for currency &2 ?

  The SAP error message FIBL_RPCODE064 indicates that the payment method specified is not valid for the currency being used in the transaction. This error typically arises during the processing of payments or when attempting to execute a payment run.
  Cause:
  
  Invalid Payment Method: The payment method you are trying to use is not configured to work with the specified currency.
  Configuration Issues: The payment method may not be set up correctly in the system for the currency in question.
  Master Data Issues: The vendor or customer master data may not have the correct payment method assigned for the specified currency.
  Transaction Type: The transaction type may not support the selected payment method for the given currency.
  
  Solution:
  
  
  Check Payment Method Configuration:
  
  Go to the configuration settings for payment methods in SAP (Transaction code: OBPM1 for payment methods in company code).
  Ensure that the payment method is correctly configured for the currency you are using.
  
  
  
  Review Vendor/Customer Master Data:
  
  Check the vendor or customer master data (Transaction codes: XK03 for vendors, FD03 for customers).
  Ensure that the correct payment method is assigned for the relevant currency.
  
  
  
  Adjust Payment Method Settings:
  
  If the payment method is not valid for the currency, you may need to either change the payment method or modify the configuration to include the currency.
  
  
  
  Consult with SAP Support:
  
  If you are unable to resolve the issue through configuration, consider reaching out to your SAP support team or consulting the SAP Help Portal for further assistance.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OBPM1: Configure payment methods.
  XK03: Display vendor master data.
  FD03: Display customer master data.
  
  
  
  Documentation: Refer to SAP documentation for detailed steps on configuring payment methods and managing master data.
  
  
  Testing: After making changes, perform a test transaction to ensure that the error does not occur again.
  
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.