diff --git a/src/components/MoneyReportHeader.js b/src/components/MoneyReportHeader.js
index 8ae4672e758e..ab0b77c21653 100644
--- a/src/components/MoneyReportHeader.js
+++ b/src/components/MoneyReportHeader.js
@@ -121,10 +121,6 @@ function MoneyReportHeader({session, personalDetails, policy, chatReport, nextSt
                             shouldShowPaymentOptions
                             style={[styles.pv2]}
                             formattedAmount={formattedAmount}
-                            anchorAlignment={{
-                                horizontal: CONST.MODAL.ANCHOR_ORIGIN_HORIZONTAL.LEFT,
-                                vertical: CONST.MODAL.ANCHOR_ORIGIN_VERTICAL.TOP,
-                            }}
                         />
                     </View>
                 )}
diff --git a/src/components/MoneyRequestConfirmationList.js b/src/components/MoneyRequestConfirmationList.js
index 5ca08bf82f89..a0923d1214ec 100755
--- a/src/components/MoneyRequestConfirmationList.js
+++ b/src/components/MoneyRequestConfirmationList.js
@@ -506,7 +506,11 @@ function MoneyRequestConfirmationList(props) {
                 policyID={props.policyID}
                 shouldShowPaymentOptions
                 buttonSize={CONST.DROPDOWN_BUTTON_SIZE.LARGE}
-                anchorAlignment={{
+                kycWallAnchorAlignment={{
+                    horizontal: CONST.MODAL.ANCHOR_ORIGIN_HORIZONTAL.LEFT,
+                    vertical: CONST.MODAL.ANCHOR_ORIGIN_VERTICAL.BOTTOM,
+                }}
+                paymentMethodDropdownAnchorAlignment={{
                     horizontal: CONST.MODAL.ANCHOR_ORIGIN_HORIZONTAL.RIGHT,
                     vertical: CONST.MODAL.ANCHOR_ORIGIN_VERTICAL.BOTTOM,
                 }}
diff --git a/src/components/ReportActionItem/ReportPreview.js b/src/components/ReportActionItem/ReportPreview.js
index ef70502f30f7..bdeec2640cdc 100644
--- a/src/components/ReportActionItem/ReportPreview.js
+++ b/src/components/ReportActionItem/ReportPreview.js
@@ -245,9 +245,13 @@ function ReportPreview(props) {
                                 onPress={(paymentType) => IOU.payMoneyRequest(paymentType, props.chatReport, props.iouReport)}
                                 enablePaymentsRoute={ROUTES.ENABLE_PAYMENTS}
                                 addBankAccountRoute={bankAccountRoute}
-                                style={[styles.mt3]}
                                 shouldShowPaymentOptions
-                                anchorAlignment={{
+                                style={[styles.mt3]}
+                                kycWallAnchorAlignment={{
+                                    horizontal: CONST.MODAL.ANCHOR_ORIGIN_HORIZONTAL.LEFT,
+                                    vertical: CONST.MODAL.ANCHOR_ORIGIN_VERTICAL.BOTTOM,
+                                }}
+                                paymentMethodDropdownAnchorAlignment={{
                                     horizontal: CONST.MODAL.ANCHOR_ORIGIN_HORIZONTAL.RIGHT,
                                     vertical: CONST.MODAL.ANCHOR_ORIGIN_VERTICAL.BOTTOM,
                                 }}
diff --git a/src/components/SettlementButton.js b/src/components/SettlementButton.js
index 287f3210b14d..2989fd103850 100644
--- a/src/components/SettlementButton.js
+++ b/src/components/SettlementButton.js
@@ -70,8 +70,14 @@ const propTypes = {
     /** Whether we should show a loading state for the main button */
     isLoading: PropTypes.bool,
 
-    /** The anchor alignment of the popover menu */
-    anchorAlignment: PropTypes.shape({
+    /** The anchor alignment of the popover menu for payment method dropdown */
+    paymentMethodDropdownAnchorAlignment: PropTypes.shape({
+        horizontal: PropTypes.oneOf(_.values(CONST.MODAL.ANCHOR_ORIGIN_HORIZONTAL)),
+        vertical: PropTypes.oneOf(_.values(CONST.MODAL.ANCHOR_ORIGIN_VERTICAL)),
+    }),
+
+    /** The anchor alignment of the popover menu for KYC wall popover */
+    kycWallAnchorAlignment: PropTypes.shape({
         horizontal: PropTypes.oneOf(_.values(CONST.MODAL.ANCHOR_ORIGIN_HORIZONTAL)),
         vertical: PropTypes.oneOf(_.values(CONST.MODAL.ANCHOR_ORIGIN_VERTICAL)),
     }),
@@ -96,8 +102,12 @@ const defaultProps = {
     policyID: '',
     formattedAmount: '',
     buttonSize: CONST.DROPDOWN_BUTTON_SIZE.MEDIUM,
-    anchorAlignment: {
-        horizontal: CONST.MODAL.ANCHOR_ORIGIN_HORIZONTAL.RIGHT,
+    kycWallAnchorAlignment: {
+        horizontal: CONST.MODAL.ANCHOR_ORIGIN_HORIZONTAL.LEFT, // button is at left, so horizontal anchor is at LEFT
+        vertical: CONST.MODAL.ANCHOR_ORIGIN_VERTICAL.TOP, // we assume that popover menu opens below the button, anchor is at TOP
+    },
+    paymentMethodDropdownAnchorAlignment: {
+        horizontal: CONST.MODAL.ANCHOR_ORIGIN_HORIZONTAL.RIGHT, // caret for dropdown is at right, so horizontal anchor is at RIGHT
         vertical: CONST.MODAL.ANCHOR_ORIGIN_VERTICAL.TOP, // we assume that popover menu opens below the button, anchor is at TOP
     },
 };
@@ -105,7 +115,8 @@ const defaultProps = {
 function SettlementButton({
     addDebitCardRoute,
     addBankAccountRoute,
-    anchorAlignment,
+    kycWallAnchorAlignment,
+    paymentMethodDropdownAnchorAlignment,
     betas,
     buttonSize,
     chatReportID,
@@ -210,7 +221,7 @@ function SettlementButton({
             source={CONST.KYC_WALL_SOURCE.REPORT}
             chatReportID={chatReportID}
             iouReport={iouReport}
-            anchorAlignment={anchorAlignment}
+            anchorAlignment={kycWallAnchorAlignment}
         >
             {(triggerKYCFlow, buttonRef) => (
                 <ButtonWithDropdownMenu
@@ -222,7 +233,7 @@ function SettlementButton({
                     options={paymentButtonOptions}
                     style={style}
                     buttonSize={buttonSize}
-                    anchorAlignment={anchorAlignment}
+                    anchorAlignment={paymentMethodDropdownAnchorAlignment}
                 />
             )}
         </KYCWall>