I have a restaurant and event venue that sells event deposits to hold event dates. Those deposits can then be applied to the event bill on the event date. Currently those have to be tendered to a vague "other payment" method that prompts for a reference at the time of sale.
I also am located within a hotel and would like to have the ability to offer some options on room charges. If I had the ability to pre-configure certain payment methods, I could facilitate this easily with a House Account payment method and in the Deposit example above, I could create a payment method called "Deposit Redeem" to easily keep track of these types of tenders and then be able to run reports for them. The way I have to do it now is to download all "Other" Payments and then sort through them in a pivot table.
