Payment Method

A method of paying for a product or service, like a credit card or check.

Entity Groups

Name Description
Payment Method Example Entities included: Payment Method Type, Payment Card Tender, Digital Wallet Tender

Entities

Name Description
Coupon Payment in the form of a voucher entitling the holder to a discount for a particular product.
Credit Tender Payment to the seller that results in an agreement to pay at a later date, usually via a credit account.
Payment Card A payment system issued by a financial institution to a customer that allows its owner (the cardholder) to access funds in designated bank accounts
Payment Method A means by which a buyer compensates a seller for a purchased good or service.
Payment Method Type The category of payment method, such as payment card, check or digital wallet.