You have two ways of configuring payment methods. Either it is a native module and you can easily configure it yourself, or it is a module you have bought on our Addons marketplace and it is better to get it installed by the Addons service team.
For native modules.
Click on the Payment tab, then on Payment Methods, where you will find two modules already active, the Payments by check module and the Wire payment module.
Configuring the Payments by check module:
Just indicate who the check should be made out to (logically the name of your company) and the address to send the check to (logically the address of your head office).
Configuring the Wire payment module:
Account holder. Indicate the name of the account holder, so logically your company, as it is your business account.
Details. You can indicate all of the information necessary for making the transfer: IBAN, BIC, account number, etc.
Address of your bank. You can enter the name and address of your company's bank.
Reservation time. This field lets you inform your customer how long the product he wants to buy will be reserved pending payment by wire transfer. Just indicate the number of days.
Customer information. This field can be used to define the information about order processing (processing time, order submission upon receipt of wire transfer).