A payee is someone who receives money. If your boss hands you your first paycheck, then you are officially a payee. Congrats. Learn what a payee is, how it works, & why it matters when it comes to your finances or business. Continue reading this article for more information. The meaning of PAYEE is one to whom money is or is to be paid. How to use payee in a sentence. Definition and Examples of a Payee Payees receive funds from a payer. Payment can be in any form, including cash, a check, a money order, or an electronic transfer of funds. Payees can be friends you pay through Venmo, service providers you pay for insurance and utilities, merchants, or anyone else you need to pay.
