Vendor payment terms and payment workflows with Customer payment methods
Vendor payment terms and payment workflow with Customer payment methods
The Vendor defines the order payment terms, but the Customer is the one choosing his payment method: Credit card or SEPA Debit bank account.
The payment methods are managed through different Stripe workflows, to fit the bank rules.
Payment workflows with Credit Cards linked with a payment term.
Status meaning:
“Requires confirmation”: the Credit card has been verified and registered for later use.
“Requires Capture”: the money debit has been authorized by the Bank.
“Succeeded”: the money has been transferred.
“Immediate payment” with Credit Card is instantaneous, the status will be immediately “Succeeded” whenever the order passed (not on the time scale).
“Payment at invoice creation” registers the Credit Card for later use and the payment authorisation is triggered at the invoice creation by the Vendor.
As business cards could have high fees, the “Payment at order delivery” term takes the full bank authorisation prior to the movement event (money could be captured) and holds it for 6 days, then debits the customer account. The payment is fully guaranteed but could come couple of days after the event date on the 6th day from the Order booking.
Day-5 / Day+5 is differentiated for cards because some cards may require a new 3DS secure in that case the customer needs to revalidate his payment card through 3DS.
Payment workflows SEPA debit linked with a payment term.
Status meaning:
“Requires confirmation”: SEPA debit authorisation mandate has been signed by the customer, the debit has not been launched yet.
“Processing”: bank account debit request has been launched. This status cannot be changed as bank request has been engaged. It could last for 3 to 5 days before receiving the funds.
“Succeeded”: the money has been transferred.
“Immediate payment” with SEPA debit is instantaneous, the status will be immediately “Succeeded” whenever the order passed (not on the time scale).
“Payment at invoice creation” registers the SEPA authorisation mandate for later use and the payment authorisation is triggered at the invoice creation by the Vendor.
“Payment at order delivery” term registers the SEPA authorisation mandate prior to the movement event and is transferred on the D-movement DAY.
