Payment Method Code
A Payment Method Code is a simple label that shows how a payment was made, like with a credit card, bank transfer, or cash, making it easier to keep track of different payment methods.
A Payment Method Code is a standardised identifier used to specify the manner in which a transaction is processed or the method by which payment is made, facilitating clear communication and tracking of various payment methods such as credit cards, electronic transfers, or cash.
It's like a special tag that tells you how a payment was made, whether it's by credit card, bank transfer, or cash, making it easier to understand and keep track of different ways money moves around.