Approximately 8.2 billion bills—or 56 percent of all bills—are paid online via a biller, bank or third-party website.
Bills paid by check declined 20 percent between 2010 and 2016, while the number of bills paid via ACH increased by 10 percent, and those paid by a credit card have doubled to 15 percent.
Is it safer to pay bills online or by phone?
Data you send over the phone typically is encrypted using methods similar to those for online bill pay, according to Niles Howard of Bankrate.com via MSN Money. From this standpoint, using your phone and debit card to pay a bill generally isn’t any riskier than paying with your computer.
How safe is online bill payment?
Online bill paying is safe when you choose the right bill payment service. Typically, an online bill pay service that is backed by a bank or a company that provides online banking services will be safe and reliable. Online bill paying is much safer, for example, than handing a credit card to a waiter at a restaurant.
How can I pay all my bills online?
Method 1 Paying Bills Through Your Bank’s Website
- Determine if your bank offers online bill pay services. Many banks, both large and small, offer online bill pay services.
- Check out bank alternatives.
- Find out if there is a fee.
- Register for an online account.
- Add a payee.
- Make a payment.
- Try your bank’s mobile app.
How long does an online bill payment take?
It can take 1 to 3 business days for an online or phone payment to post to your credit card account and reflect in your available credit. That’s because payments made using a checking account and routing number are processed in batches overnight and not in real time.