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These sections of the rule form decide what the shopper pays and reads for each option. They sit in the same Add Payment Rule or edit form as the conditions.

Shipping charges on payment options

Normally Shopify adds shipping at its own checkout. With this feature the shipping charge is shown inside the popup, per option, so a prepaid option can carry different shipping from COD.
Show shipping charges on payment options checkbox
Tick Show shipping charges on payment options. This toggle is store-wide, but the amounts are set per rule.
Shipping charge fields once the toggle is on
Offer free delivery on this option checkbox
The amount you enter here is not a Shopify shipping rate. Make sure it matches what you actually charge at checkout so the shopper sees one consistent figure. This feature needs the customer’s address to be collected in the popup.

Discount settings

Reward shoppers for choosing this option, for example 10% off for paying in full.
Discount code, type and value
You do not need to create a discount in Shopify. The app applies the discount automatically when the shopper chooses this option. Leave the section blank if the rule has no discount. Always place a test order to confirm the discount applies correctly.
A filled discount: prepaid100, Percentage, 10

Extra discount for returning customers

Available on Full Payment rules. A customer who has ordered before gets an extra discount on top of the rule’s own discount, applied to the whole order. Tick Give returning customers an extra discount, then choose Discount type (Percentage or Fixed amount) and a Discount value.
Give returning customers an extra discount with type and value
Shoppers see a Returning customer offer badge. You can change that wording in Customer experience.

Display settings

These control the text on the option. All are optional.
Display settings fields

Description template and placeholders

The default template is Pay {{pay_now}} now and {{pay_later}} on delivery.
Description Template field and list of placeholders
Example templates and the Reset to default template button
Examples from the form: Click Reset to default template to go back to the default.