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This video tutorial explains how to use payment fields in online forms to sell products or collect donations. To add a payment field, edit your form by clicking the plus button, then select the payment field option. You can integrate multiple payment methods, such as connecting to your Stripe account for payments. Additionally, enabling the PayPal option requires entering your client ID and client secret. After making your selections, simply hit the save button to implement the changes. The tutorial also mentions the availability of a pay-at-the-door option for added flexibility.