# Creating a Payment Method

Most of the payment methods are already added to the XoroERP. If your business requires a payment method not already included in Xoro, adding it is a straightforward process. For instance, you might have a payment method for Visa credit card, but you now wish to accommodate payments made with Mastercard, you can easily include the "MasterCard" payment method within Xoro.

Creating a payment method involves entering the name of the payment method and choosing the type of payment method.

{% hint style="info" %}
To create a Payment Method, go to **Menu >  Admin > Company > Payment Methods > Payment Method**
{% endhint %}

#### Payment Method Fields

<table><thead><tr><th width="162">Field</th><th>Description</th></tr></thead><tbody><tr><td>Name</td><td>This field allows you to give a name to the payment method.</td></tr><tr><td>Method Type</td><td>This field allows you to select the type for the payment method. Click here to learn more about the payment method types.</td></tr></tbody></table>

Once you have filled out the details, click "Save" to create the payment method.

<div align="left"><figure><img src="https://3188343778-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fkf8DNCjEfcSm64PCPcmf%2Fuploads%2FJxZM8zLleogZvsExXBoJ%2Fimage.png?alt=media&#x26;token=1e8c5ad2-a11d-43f4-8b23-d5ba2bd65527" alt=""><figcaption></figcaption></figure></div>

After the payment method is created, you can select this payment method when making or receiving a payment.

<figure><img src="https://3188343778-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fkf8DNCjEfcSm64PCPcmf%2Fuploads%2FEE2sucB9F2x2TAvfZmyz%2Fimage.png?alt=media&#x26;token=36508f0e-93f2-493d-90e7-a35faadc0591" alt=""><figcaption></figcaption></figure>