What Is the Best Way to Pay Your Bills Online?

What Is the Best Way to Pay Your Bills Online?

Paying bills through an online bank account is the best way to pay if control over the bill-paying process is the customer's primary concern. However, establishing automatic electronic funds transfers directly with creditors lets the bill payer pay regular bills on time with a one-time setup.

Other options for online bill payment include paying at a creditor's website using a credit card or using a bill payment service to consolidate bill payments, depending on the consumer's needs, habits and preferences. If a bill payer is short on funds when a bill is due, paying online using a credit card lets her stay current on the bill.

Third-party online bill-paying services such as PayTrust, Quicken BillPay and Mint let consumers set up regular payments by date and bank account for a small fee.