Step 2: Open Payment Method Settings To handle instant rebates correctly, you must create and use a dedicated payment method called Instant Rebate. Go to your POS Settings menu. In Settings, search for Payment Method. Open the Payment Method configuration section. Create a new payment method. Name this payment method Instant Rebate (or a clear equivalent). You should now see the newly created Instant Rebate payment method listed. Confirm that the Instant Rebate payment method is active and available for use.