What is automatic bill payment?
Automatic bill payment is an arrangement you set up with your service provider to pre-authorize them to automatically charge your card account on a regular basis. Depending upon your agreement with the service provider, payments may be made monthly, weekly, or quarterly. The pre-authorized payment can be a fixed dollar amount, or it can fluctuate like your phone bill for the total amount due for the time period. You can stop automatic payments at any time by contacting your service provider or you can use this payment method indefinitely.