payment method

USAGE SUMMARY

"payment method" is a perfectly legitimate phrase in written English and can be used whenever referring to the form of payment being used.
For example, "I chose to pay the fee using my credit card as my payment method."

✓ Grammatically correct

News & Media

Science

Wiki

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

These people just aren't comfortable changing their payment method".

The New York Times

Payment method?

TechCrunch

It's become a ubiquitous payment method.

TechCrunch

That is, the deferred payment method.

Procedia Computer Science

Depending on your payment method, you'll get different fees.

TechCrunch

They are shipping address, recipient name, and the payment method.

Procedia Computer Science

Return in form of original payment method.

Huffington Post

Cash, credit, debit - a common misconception is that the payment method doesn't matter.

Huffington Post

Encryption and tokenization protect the cardholder data once the payment method and consumer are validated.

Huffington Post

The more abstract our payment method, the more likely we are to overspend.

Huffington Post

Remember: Loans should be seen as the college payment method of last resort.

Huffington Post

Expert writing Tips

Best practice

In formal documents, use "payment method" consistently to maintain a professional tone.

Common error

Avoid using "payment method" when you actually mean "payment terms". The "payment method" refers to how the payment is made (e.g., credit card), while "payment terms" specify when the payment is due (e.g., net 30).

Linguistic Context

The phrase "payment method" functions as a noun phrase, typically serving as the object of a verb or preposition. According to Ludwig AI, it correctly refers to how a payment is made. The examples show it describing various means of settling financial transactions.

Expression frequency: Very common

Frequent in

Wiki

38%

News & Media

23%

Science

22%

Less common in

Formal & Business

17%

Ludwig's WRAP-UP

In summary, "payment method" is a commonly used and grammatically sound noun phrase that refers to the way in which a payment is made. Ludwig AI confirms its correct usage across a variety of contexts. It is important to differentiate it from "payment terms" and to specify the "payment method" clearly to avoid confusion. Its neutral register makes it suitable for various settings, from formal business communications to informal online transactions. Overall, understanding and using "payment method" correctly contributes to clear and effective communication in financial matters.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

method of payment

This alternative is nearly identical, simply reordering the words for a slightly different emphasis.

form of payment

This alternative emphasizes the type or format of the payment, such as cash, credit card, or electronic transfer.

mode of payment

This alternative is a more formal way of saying "payment method", emphasizing the manner in which the payment is executed.

means of payment

This alternative is a more formal and slightly more abstract way to refer to how a payment is made.

payment type

This alternative is a more concise way to categorize different methods of payment.

payment option

This alternative focuses on the choice available to the payer, highlighting the different ways one can pay.

transaction method

This alternative emphasizes the process of the payment transaction itself.

settlement method

This alternative is often used in a financial context, referring to the way an obligation is fulfilled.

remittance method

Specifically related to sending money, often internationally.

payment channel

This alternative is more often used in technical contexts to describe a particular system or network.

FAQs

What are common examples of a "payment method"?

Common examples include credit card, debit card, PayPal, bank transfer, cash, and increasingly, cryptocurrencies.

How do I choose the best "payment method" for my business?

Consider transaction fees, security, convenience for customers, and integration with your accounting system when selecting a "payment method".

Is "payment method" the same as "payment terms"?

No, "payment method" refers to how you pay (e.g., credit card), while "payment terms" refer to when you pay (e.g., within 30 days).

What can I say instead of "choosing a "payment method""?

Alternatives include "selecting a "payment option"", "deciding on a "form of payment"", or "picking a "mode of payment" depending on the context.