# paymentMethodType

The type of a payment method.

## Expected Types

| Type | Description |
|------|-------------|
| [PaymentMethodType](https://schema.org.ai/PaymentMethodType) | The type of payment method, only for generic payment types, specific forms of payments, like card payment should be expressed using subclasses of PaymentMethod. |

## Used on Types

| Type | Description |
|------|-------------|
| [PaymentMethod](https://schema.org.ai/PaymentMethod) | A payment method is a standardized procedure for transferring the monetary amount for a purchase. Payment methods are characterized by the legal and technical structures used, and by the organization or group carrying out the transaction. The following legacy values should be accepted: [http://purl.org/goodrelations/v1#ByBankTransferInAdvance](http://purl.org/goodrelations/v1#ByBankTransferInAdvance); [http://purl.org/goodrelations/v1#ByInvoice](http://purl.org/goodrelations/v1#ByInvoice); [http://purl.org/goodrelations/v1#Cash](http://purl.org/goodrelations/v1#Cash); [http://purl.org/goodrelations/v1#CheckInAdvance](http://purl.org/goodrelations/v1#CheckInAdvance); [http://purl.org/goodrelations/v1#COD](http://purl.org/goodrelations/v1#COD); [http://purl.org/goodrelations/v1#DirectDebit](http://purl.org/goodrelations/v1#DirectDebit); [http://purl.org/goodrelations/v1#GoogleCheckout](http://purl.org/goodrelations/v1#GoogleCheckout); [http://purl.org/goodrelations/v1#PayPal](http://purl.org/goodrelations/v1#PayPal); [http://purl.org/goodrelations/v1#PaySwarm](http://purl.org/goodrelations/v1#PaySwarm) Structured values, or [UNCE payment means](https://vocabulary.uncefact.org/PaymentMeans) are recommended or for newer annotations. |

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Quoted from Schema.org 30.1, https://schema.org/paymentMethodType, under CC BY-SA 3.0. Served by the Org.AI Foundation at https://schema.org.ai/paymentMethodType.