Payment On Invoice and Payment In Advance
Payment On Invoice
With Payment On Invoice, payment is made on receipt of goods or services. An invoice is either delivered with the ordered items or emailed to the consumer immediately after order placement, or both. Payment terms (e.g. merchant's IBAN/BIC, due date) are usually stated on the invoice.
Payment In Advance
With Payment In Advance, the consumer places an order and pays after receiving the merchant's payment details (IBAN/BIC, due date). When the transaction is completed the merchant delivers the goods or services. The purchase is balanced with the delivery.
The decision whether a merchant should wait for the payment, or deliver goods/services immediately, is subject to the merchant's payment method logic. It is not relevant for the Wirecard system; the payment processing logic is identical for both cases.
Payment On Invoice / Payment In Advance Configuration
Go to Sales and scroll down to Payment Methods.
Select Wirecard Payment On Invoice / Payment In Advance to open the Payment On Invoice / Payment In Advance configuration page:
Send Additional Information
If this field is set to Yes, additional data will be sent for the purpose of fraud protection. This additional data includes billing/shipping address, shopping basket, and descriptor.
Set the Payment to either
- On Invoice, or
- In Advance.
Payment On Invoice / Payment In Advance transactions allow only payment action Authorization, which triggers the transaction type authorization for payment method Payment On Invoice / Payment In Advance.
Successful transactions (i.e. payments for orders) are not yet confirmed, but the consumer receives an invoice with a provider transaction reference ID and merchant bank account details. Once the consumer has successfully transferred the outstanding amount, the transaction will be captured.
Supported Post-Processing Operations
Select Sales/Orders to access post-processing operations:
Payment On Invoice / Payment In Advance supports the post-processing operation Void.
Void: Triggers transaction type void-authorization. The payment will be canceled/voided.
For a step-by-step guide to voiding, capturing and refunding payments, go to our Post-Processing Operations page.
Please be aware that stock management is not included in the post-processing operations triggered in the Wirecard extension but only in Magento 2 order management.