Define Transaction Types to distinguish different types of charges, payments, credits or refunds. Make sure you have at least one type for each intrinsic type of transaction (one charge type, one payment type, one credit type and one refund type). Check the transactions help topic to see where transaction types are used.
Click on the lower right to add a new type, or click on an existing type to edit it.
Transaction Type Edit Screen
Name: Name of the transaction type.
Type: Intrinsic 'type' (charge, payment, credit or refund) of the transaction type.
Active: "Yes" is this type is currently used, "No" if this type should no longer be used.
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