In any financial transaction, there are always two key entities: the Payee and the Payor. The Payee is the entity that receives the funds. This could be an individual, business, or other organization. On the other hand, the Payor is the entity that provides or releases the funds, essential...
Payor vs. Payer Don’t get confused by payor and payer when you see the terms used interchangeably. Despite the minor spelling difference, both payor and payer mean the same thing. Like a payor, a payer is any party sending payment to another party in exchange for goods. ...
Wondering what the difference between payee and payer is? Chaser understands there can be confusion around this, so have compiled this resource. Learn more.