What is 'third-party charge' in SAP FS-PE - Payment Engine?

third-party charge - Overview

• Component: FS-PE

• Component Name: Payment Engine

• Description: Indicates the third-party charge. Third-party charges represent charges that have been charged by another bank for their service.

third-party charge - Details

• 
  Key Concepts: 
  A third-party charge is a fee that is charged by a third-party provider for processing payments. This fee is typically charged when a payment is made to a vendor or customer using a third-party payment processor, such as PayPal or Stripe. The FS-PE Payment Engine is an SAP component that enables businesses to process payments with third-party providers. 
  
  How to use it: 
  The FS-PE Payment Engine allows businesses to easily integrate their SAP system with third-party payment processors. This component provides an interface for businesses to manage their payments and fees, as well as track the status of each payment. Additionally, the FS-PE Payment Engine can be used to generate reports on payments and fees, allowing businesses to better understand their financial transactions. 
  
  Tips & Tricks: 
  When using the FS-PE Payment Engine, it is important to ensure that all fees are accurately calculated and tracked. Additionally, businesses should ensure that all payments are processed in a timely manner in order to avoid any delays or additional fees. 
  
  Related Information: 
  For more information on the FS-PE Payment Engine, please visit the SAP website at https://www.sap.com/products/fs-pe.html. Additionally, businesses can find more information on third-party charges and payment processing on the websites of popular payment processors such as PayPal and Stripe.