This is the 14782nd most frequent Russian word.
платим
"Платим" means "we pay."
Here, 'платим' is used to indicate the action of paying in the present tense by the first person plural 'мы' (we).
Мы платим за продукты в магазине.
We are paying for groceries at the store.
In this sentence, 'платим' conveys the action of paying a recurring cost, emphasizing the amount paid.
Много денег платим за аренду квартиры каждый месяц.
We pay a lot of money for apartment rent every month.
The word 'платим' is part of a conditional clause, implying the action of paying promptly.