overpay

verb
over·​pay | \ˌō-vər-ə-ˈpā \
overpaid\ ˌō-​vər-​ə-​ˈpād \; overpaying

Definition of overpay 

: to pay too much to someone or for something … the debate over whether organic foods are a smart choice for healthier living or a marketing tool that gulls people into overpaying.— Kenneth Chang It took my husband and me an hour with a representative to figure out we were overpaying for insurance and unlimited data plans.— Tanisha A. Sykes Be careful not to overpay state taxes.— Carl T. Hall We are not overpaying people; we are paying people what the market demands.— Renee Glover

Other Words from overpay

overpaid adjective
… fuels the negative stereotype of the overpaid underworked bureaucrat. — Joann S. Lublin

First Known Use of overpay

1664, in the meaning defined above

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The first known use of overpay was in 1664

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