Meaning of the word "payment option" in English

What does "payment option" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

payment option

US /ˈpeɪ.mənt ˈɑːp.ʃən/
UK /ˈpeɪ.mənt ˈɒp.ʃən/
"payment option" picture

Noun

a method or way that a customer can pay for goods or services

Example:
Credit card is the most popular payment option on our website.
Please select your preferred payment option at the checkout.