Difference between Payor and Payer

What is the difference between Payor and Payer?

Payor as a noun is the maker of a payment. while Payer as a noun is one who pays; specifically, the person by whom a bill or note has been, or should be, paid.

Payor

Part of speech: noun

Definition: The maker of a payment.

Payer

Part of speech: noun

Definition: One who pays; specifically, the person by whom a bill or note has been, or should be, paid.

We hope you now know whether to use Payor or Payer in your sentence.

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