Payments tab in settings can be used to change options such as mode of payments to affiliates, payment terms, and minimum payout.
Supported Payment Methods option can be used to choose the mode of payment that you will be using to pay the affiliates for their referrals.
The mode of payments you select will be shown as options to your affiliates, they can then choose the payment method of their liking and fill in the payment detail.
In the Payment Terms option, you can have an option to select the term of payments to affiliates, you can set it to 7, 15 or 30-day terms.
Minimum Payout option can be used to setup minimum affiliate payout, this allows payouts only when an affiliate has earned the minimum payout limit the merchant has set.