Review of Online Bill Payment Methods

Bill payment online appeals to consumers mainly because of the convenience. There are several methods of paying for your bills online, such as with your bank directly, and other websites such as paytrust.com. There is also a reputable form of bill paying software available called Quicken 2008 Deluxe. No matter which way you choose, the information provided will hopefully get you started in the right direction.

Most large banks of the modern world offer free online bill paying services to those who choose to sign up for online banking. Banks will often let you make any sort of bill payment, as well as payment to any other sort of online vendor. Banks most commonly support electronic payments, though whether or not they do they could always send out a paper check that you’ve authorized from your online account. Additionally, some banks are beginning to add in mobile banking and financial planning tools to make the beauty of online payments that much better. If your bank allows you to make online payments, try their service out – it’s typically cheaper to pay directly through them than through any other payment site.

Paytrust.com offers great service regarding online bill payments, however it’s not free. You can pay any bill even if your biller isn’t compatible with electronic payment. If you want to manage the majority of your finances online, this service will notify you by email whenever you receive your bills. Even better, Paytrust.com will keep your records online for a period of 8 years. Paytrust will accept every one of your bills so you don’t ever have to worry about missing a bill in the mail, and if you’re frequently out of town this is a great choice. This service costs a minimum of $5 per month plus $0.50 each time you pay or receive a bill.

Quicken’s personal finance software is another great method to pay your bills. Aside from offering bill paying and bill management services, they your personal finances are kept track of in their comprehensive software. Quicken charges $10 per month if you want to use their online bill paying service (you can pay up to 10 bills per month with this package), but its main benefit is that all your transactions are recorded by the software into a plan that will help you manage your finances. It’s also compatible with thousands of financial institutions online, including PayPal.

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