What is charge model in SAP FS-PE - Payment Engine?

SAP Term: charge model

• Component: FS-PE

• Component Name: Payment Engine

• Description: See the context information.

Smart SAP Assistant

• Key Concepts: 
  A charge model is a feature of the SAP FS-PE Payment Engine that allows users to define and manage the fees associated with payment processing. It enables users to set up different fee structures for different payment types, such as credit cards, debit cards, and bank transfers. The charge model also allows users to define the conditions under which fees are applied, such as the amount of the transaction or the type of customer.
  
  How to use it: 
  The charge model can be used to set up different fee structures for different payment types. For example, a user can set up a fee structure for credit card payments that includes a flat fee plus a percentage of the transaction amount. The user can also define conditions under which fees are applied, such as the amount of the transaction or the type of customer. Once the fee structure is set up, it can be applied to all payments processed through the Payment Engine.
  
  Tips & Tricks: 
  When setting up a charge model, it is important to consider how fees will be applied across different payment types and customers. It is also important to consider how fees will be calculated and collected. For example, some payment processors may require fees to be collected upfront while others may allow fees to be collected at the end of the transaction.
  
  Related Information: 
  The SAP FS-PE Payment Engine also includes features such as fraud protection, currency conversion, and reporting capabilities. Additionally, it supports multiple payment methods including credit cards, debit cards, bank transfers, and more. For more information about the Payment Engine and its features, please refer to SAP's documentation.