Account payment is a form of payment that lets clients or customers buy goods on credit and pay for the goods later, says Mind Body, Inc. It is the responsibility of the seller to set up this form of payment, and it features several options, including credit amount, selling price and membership.
The selling price indicates the real money that a customer should pay to buy account credit, notes Mind Body, Inc. The credit amount shows the amount of account credit that the recipient receives. Sellers can also choose to only allow an account payment to clients who have this option on their accounts.