Means of payment, we hear, for a European (5)
I believe the answer is:
czech
'for a european' is the definition.
(Czech is an example)
'means of payment we hear' is the wordplay.
'means of payment' becomes 'cheque' (I've seen this before).
'we hear' indicates a 'sounds like' (homophone) clue.
'cheque' is a homophone of 'CZECH'.
(Other definitions for czech that I've seen before include "Bohemian" , "Nationality of citizen of Prague" , "Native of Prague, perhaps" , "European native" , "European language" .)