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  2. The difference between payout and payment is as follows123:
    • Payout: Refers to a sum of money received by someone, either in a lump sum or on a regular basis.
    • Payment: The process of making a payment to a recipient.
    • Payee: The party that receives the payment in an exchange of goods or services.
    Learn more:
    Payout, as a noun, is a sum of money that someone receives, either in a lump sum or on a regular basis. It's a payment. Paying out, as a verb, is the process of making a payment to a recipient.
    www.investopedia.com/terms/p/payout.asp
    A payout refers to a solution to pay local service providers. However, the payee is the entity that receives the payout. For every payout, there is a payee. The Payee is a party in an exchange of goods or services who receives payment. These usually are sellers and/or service providers as freelancers and gig workers.
    www.ebanx.com/en/resources/payments-explained…
    Payouts are the exact opposite of pay-in. In payouts, businesses actually pay the money to suppliers, freelancers, employees, customers (in case of refunds), sellers, or other parties that need to be paid. The gig workers or sellers that receive the payments via payouts are known as payees.
    inai.io/blog/the-mechanisms-of-pay-ins-and-pay-outs
     
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