1. Payment method is a form used in payment. Such as transfer payment, cash payment.

2. Payment terms refer to the conditions for selecting payment. For example, choose 10 to repay within 0 days or within 20 days. Conditions are corresponding advantages. Like a discount.

Second, the payment method:

Payment method refers to the specific measures taken by the payer to fulfill the bill debt, which are generally divided into the following ways.

1, I'll pay.

My payment, that is, the payer's payment, is the payment made by the payer (the acceptor when accepted) directly to the holder.

2. Agent pays.

Agency payment is made by someone (usually a bank) designated by the payer or acceptor instead of the payer.

3. Transfer payment and cash payment.

In the negotiable instrument law, there are no special restrictions on the payment of bills of exchange by transfer or cash, but in the bank settlement system, there are special restrictions on the payment of bills of exchange. According to the provisions of the settlement method, when it is necessary to withdraw cash from the agent payer by bank draft, the word "cash" must be filled in the column of "draft amount" of the bank draft first, and then the draft amount must be filled in (Article 58 of the Payment and Settlement Method); Moreover, when issuing a cash bank draft, both the applicant and the payee must be individuals, and when the applicant or the payee is a unit, the cash bank draft may not be issued (Article 59 of the Measures for Payment and Settlement).

Three. Payment terms:

1. Payment terms, also known as cash discount, refer to the agreed discount that an enterprise promises to give within a certain period of time in order to encourage customers to repay loans.

2. This discount period can usually be expressed as 5/ 10, 2/20, n/30, that is to say, if the customer repays within 10 days, he can get a discount of 9.5% and only need to pay 95% of the original price; If they repay the loan within 20 days, they can get a 2% discount as long as they pay 98% of the original price.

3. Payment terms are mainly referenced in purchase order, sales order, purchase settlement, sales settlement, customer directory and supplier directory. The system supports discounts for up to 4 time periods at the same time.

Baidu encyclopedia-payment method

Baidu Encyclopedia-Payment Terms