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

payment card type - Overview

• Component: SD

• Component Name: Sales and Distribution

• Description: The card name, such as Visa, American Express, or MasterCard.

payment card type - Details

• 
  Key Concepts: 
  Payment card type is a feature in SAP Sales and Distribution (SD) that allows customers to pay for goods and services using a credit or debit card. It is used to define the type of card accepted by the customer, such as Visa, Mastercard, American Express, etc. The payment card type also determines the payment terms associated with the card, such as the interest rate and any fees associated with the transaction.
  
  How to use it: 
  In SAP SD, payment card type is set up in the customer master record. To set up a payment card type, go to the customer master record and select “Payment Card Type” from the drop-down menu. From there, you can select the type of card you want to accept from your customers. Once you have selected the payment card type, you can enter the payment terms associated with it. 
  
  Tips & Tricks: 
  When setting up a payment card type in SAP SD, make sure to enter all of the necessary information accurately. This will ensure that your customers are able to make payments without any issues. Additionally, it is important to keep track of any changes in payment terms associated with each payment card type so that you can update your customer master record accordingly. 
  
  Related Information: 
  For more information on setting up payment card types in SAP