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'payment in kind' is correct and usable in written English.
It is typically used to refer to a payment made in goods rather than cash. For example, "The store owner offered payment in kind by giving us a discount on our next purchase."
Exact(38)
Credit entries indicate payment in kind (work, wood, produce).
In December Sudan decided to confiscate oil as payment in kind.
This is a sort of payment in kind, for RealNetworks is then allowed to use these contributions.
A crime was absolved by payment in kind, for example, or by a reconciliation feast given to the aggrieved person.
It's not that I don't want to, but I can't find anyone who won't extract payment in kind.
The writer has to disclose that he is receiving compensation for an article, including payment in kind.
Similar(22)
Men who reported ever having paid for sexual relations with a woman (including payment in-kind) were defined as having a lifetime history of sex worker patronage.
In the riskiest end of the credit spectrum are mezzanine finance and payment-in-kind notes.
Some firms bought by private equity have been issuing payment-in-kind (PIK) notes.
"This Act may be cited as the 'Payment-in-Kind Tax Treatment Act of 1983'.
Is it a payment-in-kind in return for his silence, perhaps?
More suggestions(2)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com