diff --git a/app/models/tag_rule/filter_payment_methods.rb b/app/models/tag_rule/filter_payment_methods.rb
new file mode 100644
index 0000000000..da29426298
--- /dev/null
+++ b/app/models/tag_rule/filter_payment_methods.rb
@@ -0,0 +1,32 @@
+class TagRule::FilterPaymentMethods < TagRule
+  preference :matched_payment_methods_visibility, :string, default: "visible"
+  preference :payment_method_tags, :string, default: ""
+
+  attr_accessible :preferred_matched_payment_methods_visibility, :preferred_payment_method_tags
+
+  private
+
+  # Warning: this should only EVER be called via TagRule#apply
+  def apply!
+    unless preferred_matched_payment_methods_visibility == "visible"
+      subject.reject!{ |pm| tags_match?(pm) }
+    end
+  end
+
+  def apply_default!
+    if preferred_matched_payment_methods_visibility == "visible"
+      subject.reject!{ |pm| tags_match?(pm) }
+    end
+  end
+
+  def tags_match?(payment_method)
+    payment_method_tags = payment_method.andand.tag_list || []
+    preferred_tags = preferred_payment_method_tags.split(",")
+    ( payment_method_tags & preferred_tags ).any?
+  end
+
+  def subject_class_matches?
+    subject.class == Array &&
+    subject.all? { |i| i.class < Spree::PaymentMethod }
+  end
+end
diff --git a/spec/factories.rb b/spec/factories.rb
index 2e29e74316..d0d7755cc0 100644
--- a/spec/factories.rb
+++ b/spec/factories.rb
@@ -294,6 +294,10 @@ FactoryGirl.define do
     enterprise { FactoryGirl.create :distributor_enterprise }
   end
 
+  factory :filter_payment_methods_tag_rule, class: TagRule::FilterPaymentMethods do
+    enterprise { FactoryGirl.create :distributor_enterprise }
+  end
+
   factory :tag_rule, class: TagRule::DiscountOrder do
     enterprise { FactoryGirl.create :distributor_enterprise }
     before(:create) do |tr|
diff --git a/spec/models/tag_rule/filter_payment_methods_spec.rb b/spec/models/tag_rule/filter_payment_methods_spec.rb
new file mode 100644
index 0000000000..8eec06f773
--- /dev/null
+++ b/spec/models/tag_rule/filter_payment_methods_spec.rb
@@ -0,0 +1,83 @@
+require 'spec_helper'
+
+describe TagRule::FilterPaymentMethods, type: :model do
+  let!(:tag_rule) { create(:filter_payment_methods_tag_rule) }
+
+  describe "determining whether tags match for a given payment method" do
+    context "when the payment method is nil" do
+
+      it "returns false" do
+        expect(tag_rule.send(:tags_match?, nil)).to be false
+      end
+    end
+
+    context "when the payment method is not nil" do
+      let(:payment_method) { create(:payment_method, tag_list: ["member","local","volunteer"]) }
+
+      context "when the rule has no preferred payment method tags specified" do
+        before { allow(tag_rule).to receive(:preferred_payment_method_tags) { "" } }
+        it { expect(tag_rule.send(:tags_match?, payment_method)).to be false }
+      end
+
+      context "when the rule has preferred customer tags specified that match ANY of the customer tags" do
+        before { allow(tag_rule).to receive(:preferred_payment_method_tags) { "wholesale,some_tag,member" } }
+        it { expect(tag_rule.send(:tags_match?, payment_method)).to be true }
+      end
+
+      context "when the rule has preferred customer tags specified that match NONE of the customer tags" do
+        before { allow(tag_rule).to receive(:preferred_payment_method_tags) { "wholesale,some_tag,some_other_tag" } }
+        it { expect(tag_rule.send(:tags_match?, payment_method)).to be false }
+      end
+    end
+  end
+
+  describe "applying the rule" do
+    # Assume that all validation is done by the TagRule base class
+
+    let(:sm1) { create(:payment_method, tag_list: ["tag1", "something", "somethingelse"]) }
+    let(:sm2) { create(:payment_method, tag_list: ["tag2"]) }
+    let(:sm3) { create(:payment_method, tag_list: ["tag3"]) }
+    let!(:payment_methods) { [sm1, sm2, sm3] }
+
+    before do
+      tag_rule.update_attribute(:preferred_payment_method_tags, "tag2")
+      tag_rule.context = {subject: payment_methods}
+    end
+
+    context "apply!" do
+      context "when showing matching payment methods" do
+        before { tag_rule.update_attribute(:preferred_matched_payment_methods_visibility, "visible") }
+        it "does nothing" do
+          tag_rule.send(:apply!)
+          expect(payment_methods).to eq [sm1, sm2, sm3]
+        end
+      end
+
+      context "when hiding matching payment methods" do
+        before { tag_rule.update_attribute(:preferred_matched_payment_methods_visibility, "hidden") }
+        it "removes matching payment methods from the list" do
+          tag_rule.send(:apply!)
+          expect(payment_methods).to eq [sm1, sm3]
+        end
+      end
+    end
+
+    context "apply_default!" do
+      context "when showing matching payment methods" do
+        before { tag_rule.update_attribute(:preferred_matched_payment_methods_visibility, "visible") }
+        it "remove matching payment methods from the list" do
+          tag_rule.send(:apply_default!)
+          expect(payment_methods).to eq [sm1, sm3]
+        end
+      end
+
+      context "when hiding matching payment methods" do
+        before { tag_rule.update_attribute(:preferred_matched_payment_methods_visibility, "hidden") }
+        it "does nothing" do
+          tag_rule.send(:apply_default!)
+          expect(payment_methods).to eq [sm1, sm2, sm3]
+        end
+      end
+    end
+  end
+end