payment method
How you pay
A payment method is how you pay for something—cash, credit card, bank transfer, digital wallet, cryptocurrency, or any other means of exchanging value.
The term appears constantly in online checkout flows: Please select a payment method.
Retailers and services often accept multiple payment methods while excluding others.
- cashReady spending funds
- checkOrder to pay
- cryptocurrencyEncrypted decentralized money
- direct depositFunds sent to account automatically
- recurring chargeRepeated scheduled payment
escrow services · bank draft · money order · wire transfer · contactless payments · credit card · payroll systems · PayPal · mobile wallet · debit card · online banking · bank transfer · promissory note · postal order · paper currency · Apple Pay · Venmo · coins
- online shoppingAmazon, cart, checkout, e-commerce, Walmart
- billselectric bill, bill, phone bill, bills, gas bill
- booking informationconfirmation number, flight number, departure time, arrival time, seat assignment
- billing termsinvoice number, amount, fees, total, payments
- payment obligationsobligation, repayment, installment, due date, deposit
- accountaccount, login, profile, username, logout
transaction component type
payment methodmerchandise
Commercial products offered
purchase · product · commodity · deliverable · acquisition