UPDATE:  Posted too soon.   I found the area to edit under "Gateways" and further down the page.

Is there any way to edit or modify the payment option to offer more clarity on the choices?

For instance, adding a text label underneath?     In my case (as seen in the image) it's not easy to figure out what the choices are:

1.  Pay later by cheque
2. Pay by credit card (via Stripe)
3. Subscribe (recurring payments) via Stripe.

 

Thanks,
Alex