What is 'payment card category' in SAP SD - Sales and Distribution?

payment card category - Overview

• Component: SD

• Component Name: Sales and Distribution

• Description: A class of cards used for payment. The main payment card categories represented in the SAP System and CRM Online are credit cards, customer cards, and procurement cards.

payment card category - Details

• 
  Key Concepts: 
  Payment card category is a component of the SAP Sales and Distribution (SD) module. It is used to define the payment methods that customers can use to pay for goods or services. This includes credit cards, debit cards, prepaid cards, and other forms of electronic payment. The payment card category also defines the payment terms associated with each type of card, such as the minimum and maximum amounts that can be charged, the expiration date, and any applicable fees. 
  How to Use It: 
  The payment card category is used to define the payment methods that customers can use when making purchases. This includes credit cards, debit cards, prepaid cards, and other forms of electronic payment. The payment card category also defines the payment terms associated with each type of card, such as the minimum and maximum amounts that can be charged, the expiration date, and any applicable fees. 
  To set up a payment card category in SAP SD, go to the “Payment Card Category” tab in the “Sales and Distribution” module. Here you can define the payment methods that customers can use when making purchases. You can also set up the payment terms associated with each type of card, such as the minimum and maximum amounts that can be charged, the expiration date, and any applicable fees. 
  
  Tips & Tricks: 
  When setting up