Make sure that the payment method is allowed in the customer classes and is not deactivated in the shipping profiles. For this, you should consider first for which customer classes and shipping profiles the payment method should be allowed. This can be set individually.
Permitting the payment method in a customer class:
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Go to Setup » CRM » Classes.
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Open the customer class for which you want to permit the payment method.
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Select the payment method from the list Permitted payment methods by clicking on it.
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Save () the settings.
If needed, repeat these steps for other customer classes as well.
Checking payment method in existing shipping profiles:
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Go to Setup » Orders » Shipping » Settings.
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Change into the Shipping profiles tab.
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Open the shipping profile in which the payment method should be allowed.
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Check whether the payment method is selected in the Blocked payment methods area.
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Deselect the payment method if you want to allow it for this shipping profile.
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Save () the settings.
If needed, repeat these steps for shipping profiles as well.