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How to Pronounce payee?

Correct pronunciation for the word "payee" is [pˈe͡ɪiː], [pˈe‍ɪiː], [p_ˈeɪ_iː].

"Payee" in context

A payee is a person or entity who receives money from a payer. The money may be in the form of a payment or a loan. Payees are commonly referred to as creditors or debtors, depending on their role in the transaction.

Payees can be individuals or legal entities such as businesses, charities or government organizations. A payee is usually the recipient of funds transferred from a payer, such as a customer paying a bill. The payee is the person or company to receive the payment, and the funds can be sent via cash, check, bank transfer, debit/credit cards, online banking, PayPal and other methods.

What are similar-sounding words for payee?

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