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

FIBL_RPCODE064 - Overview

• 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

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

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.

Unfortunately, there isn't any extra information in this error notice.

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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