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  2. 'Payment is with respect to the buyer.For example, when a buyer goes and purchase something on Amazon, he makes a payment. Payout is with respect to the seller. When the seller receives the amount for the good he sold on Amazon, he receives the payout from Amazon of that amount. Pay-off means returns, or a final outcome.
    hinative.com/questions/6369641
    Payment - the individual amounts paid toward the total owed. Payoff - the final payment, or the amount that if paid now would be the full amount owed.
    english.stackexchange.com/questions/489287/pay …

    As nouns the difference between payment and payout. is that payment is (uncountable) the act of paying while payout is an amount of money paid out.

     
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