How To Pay Your Mastercard Bill: A Step-By-Step Guide

Paying your Mastercard bill on time each month is important to avoid late fees and interest charges. With several convenient payment options, making sure your Mastercard bill is paid before the due date doesn’t have to be a hassle. In this comprehensive guide, we’ll walk through the various ways you can pay your Mastercard credit card bill.

Online Payment

The easiest and most convenient way to pay your Mastercard bill is online through your card issuer’s website. Nearly all major card issuers like Bank of America Citi and Capital One allow cardholders to log in to their account, view their statement balance, and make a payment digitally.

To pay your Mastercard bill online. simply

Go to your card issuer’s website and log in to your account. This is usually the bank that issued your card.
Locate your account summary page which shows your statement balance.
Select the “Make Payment” or similarly labeled button.
Type in the amount you want to pay and pick a method of payment, which is usually a bank account.
Review the details and submit the payment.

Your Mastercard bill payment will usually process in 1-2 business days and the funds will be deducted from your selected account. Paying online lets you avoid mailing in checks or paying fees for expedited phone payments.

Mobile App Payment

Most banks also offer mobile apps that let you easily pay your credit card bill on the go. The process of paying your Mastercard bill through your card issuer’s mobile app is very similar to the online steps:

Download your card issuer’s app on your smartphone if you haven’t already.
Log in to your account.
Go to the payments section.
Choose your Mastercard account and enter the payment amount.
Select your bank account to withdraw funds from.
Confirm and submit the payment.

Mobile payment apps offer convenience for busy individuals who are frequently on the move. You can quickly log in and pay your Mastercard bill anywhere using your smartphone.

Pay By Phone

While less common than online payments, most credit card issuers do allow payments over the phone. To pay your Mastercard bill by phone:

Locate your card issuer’s customer service phone number on the back of your card or on their website.
Call the number and speak to an automated system or customer service agent.
Provide identifying information like your name, account number, card security code, etc.
Specify the amount you would like to pay on your Mastercard.
Provide your bank account information for withdrawals.
Confirm the payment details and authorization.

Paying over the phone allows you to speak with a real person in case you have any additional questions or concerns about your account or payment. However, some issuers charge fees for expedited phone payments so be sure to check first.

Mail-In Payment

Sending a physical check or money order is an old-school way of paying your Mastercard bill. While it’s less common today, it’s still an option offered by most issuers. To mail in a Mastercard credit card payment:

Write a personal check or obtain a money order for the amount you wish to pay. Make it payable to your card issuer.
Include your account number and any other required billing information on the check memo line.
Mail the payment to your card issuer’s payment processing address before the due date. This can be found on your statement.
Allow 7-10 days for mail delivery and processing time. Pay well before the due date.
Keep the mailing receipt or send via certified mail for tracking purposes.

Mailing a bill payment takes more time and planning compared to online payments. Make sure to account for postal delivery days to avoid late fees. However, it can be a good option if you prefer checks or don’t wish to provide bank account information.

In-Person Payments

You may also be able to pay your Mastercard bill in person at your card issuer’s local branch. To do so:

Locate your nearest card issuer branch office.
Go to the branch during regular business hours.
Provide your account number and ID to the teller.
Specify the amount you want to pay on your Mastercard.
Provide cash or check for the teller to process on the spot.
Keep the receipt as proof of your in-person payment.

Paying your credit card bill at a local branch allows you to take care of it in person and get a printed receipt. However, branch hours are limited and locations can be inconvenient. Only consider this if you prefer in-person payments or need a same-day payment receipt.

Setting Up Automatic Payments

Rather than manually paying your Mastercard bill every month, you can enroll in automatic payments for convenience. This automatically pays your statement balance in full each billing cycle.

To set up recurring Mastercard payments:

Log in to your card issuer’s website or mobile app.
Access your account settings.
Find the autopay section and turn on the setting.
Choose the account to pull funds from monthly.
Pick a payment date at least 2 days before your due date.

With autopay in place, your Mastercard bill is paid reliably every month without you having to remember. Just be sure the selected bank account has enough funds before each payment date to avoid insufficient funds fees.

Same Day, Next Day, and Instant Payment Options

Need to pay your Mastercard bill FAST? Many issuers offer instant payment options for an extra fee:

Same Day Payments: Pay online by 1pm ET for payment processing that same day. Fees range $10-$15.
Next Day Payments: Pay online by 8pm ET for next day processing. Fees range $5-$10.
Real-Time Payments: Make instant Mastercard payments 24/7/365. Fees typically $10-$25 per payment.

These expedited payment services allow you to pay your Mastercard bill immediately online. While pricier, they can be useful in a pinch if you missed a payment deadline or are trying to increase available credit.

Payment Processing Times Vary

Keep in mind each Mastercard issuer has their own payment processing times. General timeframes include:

Standard online/mobile payments: 1-2 business days to post.
Mailed payments: 7-10 business days to post.
Phone payments: 2-3 business days to post.
Branch payments: Next business day.
Instant/real-time payments: Under an hour.

Factor in processing times when scheduling Mastercard bill payments to ensure they arrive by your due date and avoid late fees. Leaving a buffer of several days is recommended when paying by mail or standard online methods.

Payment Receipts are Important

No matter how you pay your Mastercard bill, be sure to save any receipts or confirmation numbers:

Online/app payments provide digital receipts and transaction IDs.
Mailed payments should be sent certified with tracking for peace of mind.
Phone/branch payments provide printed or emailed receipts during or after the transaction.

If you ever run into issues with your account and need to show a payment was made, having the receipt will be key to resolving problems.

Avoid Costly Late Payments

How do I pay my PayPal Cashback Mastercard bill?

At any time, you can choose to make a one-time payment or schedule automatic payments towards your balance due. You can pay using your PayPal balance, or your linked bank account conveniently with the PayPal app or on PayPal.com. You may need a linked bank account to pay your bill, even if you’re paying with your PayPal balance, as it will be used if your balance is insufficient.

You can also mail your payments to:

PayPal Credit Svcs/SYNCB PO Box 71718 Philadelphia, PA 19176-1718

Note: When mailing a payment, please make sure you include your PayPal Cashback Mastercard account number. Please allow enough time for payment to be received.

Or, you can call our customer service department at (855) 938-3684 to make a payment. There may be an additional charge for expedited payment by phone.

Is there a late fee?

Yes, you will be charged a late fee for each month the minimum payment is not paid by the payment due date. An explanation of the Late Payment Fee is provided in the PayPal Cashback Mastercard Terms and Rates.

The Late Fee is equal to:

$29, if you have paid your minimum payment due by the due date in each of the prior six billing cycles; OR
$40 if you have failed to pay your minimum payment due by the due date in any one or more of the prior six billing cycles.

However, the Late Fee will not be more than the minimum payment that was due.

BEST Day to Pay your Credit Card Bill (Increase Credit Score)

FAQ

How to pay credit card bill Mastercard?

Online, telephone, bank machine: Electronic payments are your quickest and most convenient option. Online, telephone and bank machine payments at most major financial institutions are credited the same day provided you make your payment by 5pm CST (Central Time) on a banking day.

How do I access my Mastercard account?

Ways to Access a Mastercard Credit Card Account Log into your account on the issuer’s website or mobile app with your user ID and password. By calling your card issuer. Call the phone number on the back of your card to reach the issuer’s customer service department.

What bank is Mastercard?

Banks with cards on the Mastercard network include Bank of America, Capital One, and Citibank. These three banks, along with several other major banks, offer credit cards and debit cards on the Mastercard payment network.