Payment Process is a variable that appears in the Software License Agreement Cover Page, in the Order Form section. This section is for your agreements' key business terms.
How to fill this out
How will you bill your customer and how will they pay you?
There are two options available:
Automatic Payment
Choose this option if you are planning to collect payment information from your customer and automatically take payment on a schedule. This is a good option for auto-renewing agreements. As part of this path, choose how often you'll be automatically collecting payment.
This is the default selection, with monthly collection.
Bill by Invoice
Choose this option if you will be sending invoices to your customer each billing cycle. You'll then configure:
Invoice Period - how frequently will you send invoices?
Payment terms - how long will your customer have to pay the invoices?
The default selections for invoice billing are 30 days from customer’s receipt of invoice, sometimes referred to as NET-30.