diff --git a/view/payment_type_tree.xml b/view/payment_type_tree.xml
--- a/trytond/trytond/modules/account_payment_type/view/payment_type_tree.xml
+++ b/trytond/trytond/modules/account_payment_type/view/payment_type_tree.xml
@@ -2,7 +2,6 @@
 <tree string="Payment Type">
     <field name="name"/>
     <field name="code"/>
-    <field name="company"/>
     <field name="active"/>
     <field name="kind"/>
 </tree>
diff --git a/view/payment_type_form.xml b/view/payment_type_form.xml
--- a/trytond/trytond/modules/account_payment_type/view/payment_type_form.xml
+++ b/trytond/trytond/modules/account_payment_type/view/payment_type_form.xml
@@ -4,13 +4,10 @@
     <field name="name"/>
     <label name="code"/>
     <field name="code"/>
+    <label name="kind"/>
+    <field name="kind"/>
     <label name="active"/>
     <field name="active"/>
-    <label name="company"/>
-    <field name="company" widget="selection"/>
-    <label name="kind"/>
-    <field name="kind"/>
-    <newline/>
     <separator name="note" colspan="4"/>
     <field name="note" colspan="4"/>
 </form>
diff --git a/tests/test_account_payment_type.py b/tests/test_account_payment_type.py
--- a/trytond/trytond/modules/account_payment_type/tests/test_account_payment_type.py
+++ b/trytond/trytond/modules/account_payment_type/tests/test_account_payment_type.py
@@ -78,12 +78,10 @@
             payment_payable, = self.payment_type.create([{
                 'name': 'Payment Payable',
                 'kind': 'payable',
-                'company': company.id,
                 }])
             payment_receivable, = self.payment_type.create([{
                 'name': 'Payment Receivable',
                 'kind': 'receivable',
-                'company': company.id,
                 }])
             move, = self.move.create([{
                     'period': period.id,
diff --git a/payment_type.xml b/payment_type.xml
--- a/trytond/trytond/modules/account_payment_type/payment_type.xml
+++ b/trytond/trytond/modules/account_payment_type/payment_type.xml
@@ -54,14 +54,5 @@
             <field name="perm_create" eval="True"/>
             <field name="perm_delete" eval="True"/>
         </record>
-
-        <record model="ir.rule.group" id="rule_group_payment_type">
-            <field name="model" search="[('model', '=', 'account.payment.type')]"/>
-            <field name="global_p" eval="True"/>
-        </record>
-        <record model="ir.rule" id="rule_payment_type1">
-            <field name="domain">[('company', '=', user.company.id if user.company else None)]</field>
-            <field name="rule_group" ref="rule_group_payment_type"/>
-        </record>
     </data>
 </tryton>
diff --git a/payment_type.py b/payment_type.py
--- a/trytond/trytond/modules/account_payment_type/payment_type.py
+++ b/trytond/trytond/modules/account_payment_type/payment_type.py
@@ -1,11 +1,10 @@
 # This file is part of account_payment_type module for Tryton.
 # The COPYRIGHT file at the top level of this repository contains
 # the full copyright notices and license terms.
-
 from trytond.model import ModelView, ModelSQL, fields
-from trytond.pyson import Eval, If
 from trytond.pool import Pool
 from trytond.transaction import Transaction
+from trytond import backend
 
 __all__ = ['PaymentType']
 
@@ -17,11 +16,6 @@
     name = fields.Char('Name', required=True, translate=True)
     code = fields.Char('Code')
     active = fields.Boolean('Active')
-    company = fields.Many2One('company.company', 'Company', required=True,
-        select=True, readonly=True, domain=[
-            ('id', If(Eval('context', {}).contains('company'), '=', '!='),
-                Eval('context', {}).get('company', 0)),
-            ])
     note = fields.Text('Description', translate=True,
         help=('Description of the payment type that will be shown in '
             'descriptions'))
@@ -32,6 +26,17 @@
         help='The kind of payment type.')
 
     @classmethod
+    def __register__(cls, module_name):
+        TableHandler = backend.get('TableHandler')
+        cursor = Transaction().cursor
+        table = TableHandler(cursor, cls, module_name)
+
+        super(PaymentType, cls).__register__(module_name)
+
+        # Migration from 3.4: drop required on company
+        table.not_null_action('company', action='remove')
+
+    @classmethod
     def __setup__(cls):
         super(PaymentType, cls).__setup__()
         cls._check_modify_fields = set(['kind'])
@@ -49,10 +54,6 @@
     def default_active():
         return True
 
-    @staticmethod
-    def default_company():
-        return Transaction().context.get('company')
-
     def get_rec_name(self, name):
         if self.code:
             return '[' + self.code + '] ' + self.name