What is 'direct debit' in SAP CRM-ISA - Internet Sales?

direct debit - Overview

• Component: CRM-ISA

• Component Name: Internet Sales

• Description: A type of electronic funds transfer in which the payee retrieves money from the payer's bank account. In order to perform a direct debit, the payee must be authorized in advance by the payer.

direct debit - Details

• 
  Key Concepts: 
  Direct debit is a payment method used in SAP CRM-ISA Internet Sales that allows customers to pay for goods and services directly from their bank account. It is a convenient and secure way to make payments, as customers do not need to provide their credit card information. 
  
  How to use it: 
  In order to use direct debit, customers must first register with their bank and provide the necessary information. Once registered, customers can select the direct debit option when making a purchase in SAP CRM-ISA Internet Sales. They will then be prompted to enter their bank account details, which will be securely stored for future payments. 
  
  Tips & Tricks: 
  When using direct debit, it is important to ensure that the customer’s bank account has sufficient funds available to cover the purchase. If there are insufficient funds, the payment may be declined and the customer may incur additional fees from their bank. 
  
  Related Information: 
  For more information on direct debit and other payment methods available in SAP CRM-ISA Internet Sales, please refer to the official SAP documentation.