# Add a new payment method

## Overview

Caspen uses payment methods to record how payments are made, such as cash, credit card, or direct deposit.

You must have at least one payment method to record payments. If you use accounting integrations like **Xero** or **QuickBooks**, those systems rely on your configured payment types for accurate syncing.

By default, Caspen includes common options such as:

* Credit card
* EFTPOS
* Cash
* Direct deposit
* Cheque

You can view and manage your payment methods at any time in **Settings** → **Payment methods**.

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## Add a new payment method

1. Go to **Settings** → **Payment methods**.
2. Click **Add payment method**.

<figure><img src="https://3848983471-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F8mHp6Xvui6hSl3fbco11%2Fuploads%2FbEsovYqB92GlC0Bjmj0S%2Fadd_payment_method.png?alt=media&#x26;token=ab8a9363-4182-4326-96d0-4f6d6f0d9439" alt=""><figcaption></figcaption></figure>

3. In the **New payment method** window:

* Enter a **Name** (for example: *Bank Transfer* or *PayPal*).
* Choose a **Type** (select **Other** if it does not fit existing types).
* Click **Create** to save your new payment method.

<figure><img src="https://3848983471-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F8mHp6Xvui6hSl3fbco11%2Fuploads%2FSCxXGqWWtkYn58kiO0CE%2FNew_payment_method.png?alt=media&#x26;token=6c483b33-47a5-4261-ad3f-aff7643a444e" alt="" width="479"><figcaption></figcaption></figure>

Your new payment method will now appear in the payment dropdown when recording payments on invoices.

You can edit the name of an existing payment method at any time. To rename a method, click **Actions** → **Edit**, update the name, and click **Save**.

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