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"payment model" is a correct and usable phrase in written English.
It refers to a specific method or system of payment that is used by a company or organization. Example: The company's new payment model allows customers to pay for their purchases in installments rather than one lump sum.
Exact(53)
No other payment model can produce such a transformation.
Yet finding a new payment model has proved tricky.
This can be done only by abandoning the fee-for-service payment model.
And the payment model is likely to be built around the seemingly mundane idea of subscriptions.
A superior payment model has existed in various corners of the country for a long time.
This is one reason many hospital systems have been slow to embrace the new payment model.
Similar(7)
2. "Value-Based" Payment Models.
Aetna, Humana and Wellpoint are testing new payment models.
Other sites are also experimenting with payment models.
That has fueled a round of recent commentaries about payment models for online news.
This should include moving from volume to outcome, value-based payment models.
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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