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What is a payee?

April 26, 2017payee

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What is a payee?

15 Answers

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A payee is any company, service or individual you make payments to. Payees can be billers (anyone who bills you, such as your phone company or credit card company) or individuals (such as your landlord or newspaper carrier).

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A payee is any company or individual you make payments to. Payees can be anyone who bills you, such as your phone company or credit card, or an individual, such as your landlord or newspaper carrier.

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A payee is any company, service, or individual you make payments to. Payees can be anyone who bills you, such as your phone company or credit card, or individuals, such as your landlord or newspaper carrier.

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A payee is any company or individual you make payments to. You may be able to select a payee from a master payee list or if the payee does not appear on this list, you may set them up for your own personal payee list.

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On a check or money order, the payee is the person the check is made out to. This is the person who can cash the check, or deposit it into his account. On a promissory note he is the one who receives the money from the loan.