Bill payments refer to the process of settling amounts owed for services or products received. This can include payments for utilities like electricity, water, and gas, as well as for services such as internet and phone. Individuals and businesses typically receive bills on a regular basis, detailing the amount due and the payment deadline. There are various methods for making bill payments, including online banking, mobile apps, and traditional checks. Many people choose to set up automatic payments to ensure bills are paid on time, helping to avoid late fees and maintain good credit.