Payment-settings

At its core, payment settings refer to the collection of configurable options within a software platform, app, or website that control financial transactions. These settings determine:

Ignoring your payment settings can lead to severe business friction: frozen accounts, lost revenue, compliance violations, and frustrated customers abandoning carts at checkout.

// types/payment.ts
export enum PaymentMethodType 
CARD = 'card',
BANK_ACCOUNT = 'bank_account',
 payment-settings
export interface BillingAddress 
line1: string;
line2?: string;
city: string;
state: string;
postalCode: string;
country: string;

export interface PaymentMethod 
id: string;
type: PaymentMethodType;
last4: string;
expiryMonth?: number;
expiryYear?: number;
brand?: string; // Visa, Mastercard, etc.
bankName?: string;
isDefault: boolean;
billingAddress: BillingAddress;
 At its core, payment settings refer to the
export interface PaymentSettings 
defaultPaymentMethodId: string;
paymentMethods: PaymentMethod[];
emailReceipts: boolean;
smsNotifications: boolean;

Before touching any financial toggles, complete KYC (Know Your Customer). Most platforms lock payout settings until you upload a government ID and proof of address. Do not skip this—payouts to unverified accounts are often held for 180 days.