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Payment Terms are conditions agreed between business and customers for the payment of invoices. Selecting Payment Terms and Methods are key things in fulfillment of any order process.

Various payment terms in OFBiz are:

• Financial
• Payment Net Days
• Late Fee (percent)
• Penalty for Collection Agency
• Non-compete etc.
  

Various payment methods in OFBiz are:

• Billing Account
• Cash
• Cash on Delivery
• Certified Check
• Company Account
• Company Check
• Credit Card
• Electronic Fund Transfer
• Financial Account
• Gift Card
• Gift Certificate
• Money Order 
  
• Offline Payment
• Paypal
• Personal Check etc.

• Down Payment

• Net days

• Recurring Billing

• Pre-authorized

• Prior to Delivery

• % Discount Early payment

Payment Terms

Level 1

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Payment Method

Credit Card

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