To spotify payment update on Spotify, follow these steps:

Launch the Spotify app on your smartphone.

Navigate to the app’s home screen.

Tap the Gear symbol in the upper right corner of the screen.

Select Premium plan > View Premium plans.

Change your strategy.

Tap the three lines on the upper right of the screen when the account page opens.

Select Account.

Scroll down to Your strategy.

In the Payment section, click Update.

Choose your desired payment method from the list of options.

Fill in the information for your preferred payment method.

Select Confirm.

Learn also: https://accountiod.hpage.com/how-to-change-payment-method-on-spotify.html