payee

/peɪˈi/
noun
  1. A person or organization that receives money from someone else.
    • When you send a payment online, you must enter the payee's name correctly.
    • The payee of the insurance claim received the full amount within two weeks.
    • The check was made out to the payee, who cashed it at the bank.
Antonyms
What does "payee" mean? | whatsthatwordmean | whatsthatwordmean