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Definitions from the Web

Mode of Payment

Description:

Mode of Payment refers to the method or mechanism by which a payment is made for goods or services.

Senses and Usages:

Noun

1. The mode of payment for an online purchase can be via credit card, debit card, or online payment services like PayPal.
2. When renting an apartment, the landlord may offer various modes of payment such as cash, check, or bank transfer.
3. Customers can choose their preferred mode of payment at the checkout counter.

Sample Sentences:

1. The store accepts multiple modes of payment including cash, credit card, and mobile payment apps.

2. The mode of payment for this subscription service is a monthly direct debit from your bank account.

3. Please indicate your preferred mode of payment on the order form.

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