noun
1
BAD : Dr Schneider charges a high payment but he is very good.
GOOD : Dr Schneider charges a high fee but he is very good.
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payment = an amount of money that is paid for something: 'I had to get rid of the car because I couldn't keep up the payments.'
fee = an amount of money paid to a doctor, lawyer, or other professional person: 'The fee for one hour's private tuition is $60.'
2
BAD : For the first month the payment by the hour is 650 yen.
GOOD : For the first month the hourly rate is 650 yen.
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hourly/daily/weekly rate = the amount that someone charges or is paid for each hour/day/week that they work: 'He charges an hourly rate of $600 plus expenses.'
3
See CHEAP (↑ cheap )