Noun
The person to whom money is to be, or has been, paid; the person named in a bill or note, to whom, or to whose order, the amount is promised or directed to be paid. See Bill of exchange, under Bill.
Source: Webster's dictionaryMoney creates a power relationship between the payer and the payee. Joichi Ito
According to People, Jill revealed that her dad, Jim Bob Duggar, was the payee for the money the TLC network paid the family. Source: Internet
I do have the copy of two items that I attempted to pay but got returned because the payee could not identify the payer (me). Source: Internet
Israch said the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. Source: Internet
Right to Revoke Authorization for Pre-Authorized Transfers – You may revoke your authorization for any payee to originate pre-authorized transfers from your Account by giving us written notification on our prescribed revocation form. Source: Internet
Then have the following information handy: your name, phone number, postcode, e-mail address, your American Express Merchant number, payee Merchant number, bank sort code and bank account number. Source: Internet