In spiritual terms, to pay for something is to be accountable for it.
To make payment signifies taking responsibility.
Psychological / emotional perspective: If in dreams we are paying a bill we may be accepting that we have received something of value. It may be that we must make good use of our resources.
Material aspects: Payment, as in a monetary transaction, can often show our attitude to finance.
To be paying cash suggests a more immediate use of our money and resources, whereas paying by credit card signifies a need to satisfy our immediate needs without thought of the consequences.
A cheque nowadays could well show a slightly outdated attitude.