How To Fix PM307 - No valid payment method exists

SAP Error Message - Details

• Message type: E = Error

• Message class: PM - Extended Payment Functions

• Message number: 307

• Message text: No valid payment method exists

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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First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message PM307 - No valid payment method exists ?

  The SAP error message PM307 "No valid payment method exists" typically occurs in the context of financial transactions, particularly when processing payments in the SAP system. This error indicates that the system cannot find a valid payment method for the transaction you are trying to execute. Here are the potential causes, solutions, and related information for this error:
  Causes:
  
  Missing Payment Method Configuration: The payment method may not be configured in the system for the specific company code or payment type.
  Invalid Payment Method: The payment method specified in the transaction may not be valid or may have been deactivated.
  Payment Method Not Assigned: The payment method may not be assigned to the vendor or customer master data.
  Payment Method Restrictions: There may be restrictions on the payment method based on the transaction type or other criteria.
  Company Code Issues: The payment method may not be valid for the company code associated with the transaction.
  
  Solutions:
  
  
  Check Payment Method Configuration:
  
  Go to the configuration settings in SAP (Transaction code: SPRO).
  Navigate to the relevant section for payment methods (e.g., Financial Accounting > Accounts Payable > Payment Transactions > Define Payment Methods for Company Code).
  Ensure that the payment method is defined and configured correctly for the relevant company code.
  
  
  
  Verify Vendor/Customer Master Data:
  
  Check the vendor or customer master data (Transaction code: XK03 for vendors or FD03 for customers).
  Ensure that the payment method is assigned correctly in the master data.
  
  
  
  Review Payment Method Validity:
  
  Ensure that the payment method is active and has not been deactivated or marked for deletion.
  Check if there are any specific restrictions or conditions that apply to the payment method.
  
  
  
  Check for Company Code Assignment:
  
  Ensure that the payment method is assigned to the correct company code in the configuration settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for any specific notes or guidelines related to the payment method in question.
  
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  SPRO (Customizing)
  XK03 (Display Vendor)
  FD03 (Display Customer)
  F110 (Automatic Payment Transactions)
  
  
  
  SAP Notes: Check SAP Notes for any known issues or updates related to payment methods and the PM307 error.
  
  
  User Authorizations: Ensure that the user executing the transaction has the necessary authorizations to access and use the payment methods.
  
  
  By following these steps, you should be able to identify the cause of the PM307 error and implement the appropriate solution. If the issue persists, consider reaching out to your SAP support team for further assistance.