Payee

A payee is the person or party in a transaction that receives payment from a debtor, also known as a payor. Payees are commonly paid via check (they are whom the check is made payable) but can also be paid in cash, wire transfer, mobile payment apps, and online payment platforms.

Typically, a payee is being paid in exchange for goods or services provided, but payees can also be paid when payors are settling claims or previous debt.