Bill Presentment
There are currently two ways to pay your bills online. First,
the most common way is to receive a paper bill in the mail,
log onto your computer, and authorize payment from your bank
directly to the vendor.
The second and far less prevalent way is through what is
known as "bill presentment." This is just as it sounds; your
bills are visually presented to you online. They are either
sent to you by e-mail, or you may log onto your bill paying
service provider's Web page and view all of your bills together
on one password-protected site. Once you've reviewed your
bills online, you may authorize your bank to make payments.
Keep in mind, however, that few companies are set up to receive
automatic payments. As a result, the bank may receive your
instructions online, but it must still cut a check and send
it out by mail to the payee.
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