Your store can have an array of payment types set-up, including credit card, PayPal, Apple Pay and Google Pay, Net Terms, and Check/Money Order, among others. However, sometimes not all payment options are relevant or should be available to all accounts.
Payment type restrictions can allow you to decide which Customer Groups can have access to each payment type, ensuring that you can maintain control over how each customer type pays you, and not take on any unnecessary risk with the payment aspect of merchandise.