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Adding Payment Method in Customer upload simplified spreadsheet is not working

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Summary:

We are using the simplified spreadsheet to load customers and facing an issue with payment method field value

Content (required):

We are using the simplified spreadsheet to load customers and facing an issue with payment method field value. We are passing 'Check' as the value in the spreadsheet and it is available in the AR setups. However if we have a value populated for Payment Method field it does not work and if we remove it then the load completes. However the customer does not have a payment method association. Please let me know if we are missing something or are there any known issues.

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