Credit Products
Overview
Credit products are products that generate a credit charge instead of a debit charge, but in all other ways, they operate the same as normal products. The only difference is the product type. Service providers can use these products in a variety of ways, such as:
- Apply a good-will credits.
- Promotional discounts.
- Sell a gift card with a predetermined amounts.
Credit products are used when service providers wants to avoid the practise of generating a credit card line manually and want to have greater levels of control over who can give credits to customers, and how much credit they can give. Like all products, credit products can be given their own ledger code and use the product pricing schema to manage price points. When entering a price against a credit product, enter a positive value, not a negative one like you would if you were creating a credit card line. The translation from a positive value to a negative one by the system before it is saved to the ledger journal.
When selling a credit product, the system will honour the credit limit levels of a user to ensure that users can only sell credit products up to the value of their defined limits.
Credit Products are available for Outright purchases only.
