If you’re making a purchase, there are 3 payment types:
Goods - Select this payment type when you’re paying for something that you didn’t buy on eBay.
Services - Use this payment type when your purchase is not a product but a service (for example, work performed for you by someone else).
eBay Items - Select this payment type to pay for things you buy on eBay.
When you make a purchase, the seller pays a small fee to receive your money.
If you’re sending a personal payment, payment types include:
Gift - Select this payment type when you’re sending money as a gift for a birthday or other special occasion.
Payment Owed - Use this payment type for things like reimbursing a friend for your share of a restaurant check, or repaying money that a family member loaned you.
This topic always makes for interesting discussion much like trying to define a "rookie" card or the great "To Slab or Not to Slab" dilemma.