Vendor Payee

A payee is a party in an exchange of goods or services who receives payment. The payee is paid by cash, check, or another transfer medium by a payer. The payer receives goods or services in return.

This allows you, as a vendor, to receive payments from all participating state agencies.This also allows you to receive payments by direct deposit, the state's preferred method of payment.

The individual or entity that makes a payment to another. In a financial transaction, the one making the payment is known as the payor (or payer) and the one receiving the payment is known as the payee.

An active Statewide Vendor (SWV) number is required to receive an early learning award, incentive or reimbursement payment from the Department of Children, Youth, and Families (DCYF).

A vendor is a general term used to describe any supplier of goods or services. A vendor sells products or services to another company or individual.Some vendors, like food trucks, sell directly to customers.

On a check, the payee is the person or organization to whom the check is written. For online payments, you provide payee (or recipient) information when setting up automatic transfers.

The payee is the person who receives money from the payor. The payor is the person who pays the money to the payee. In some situations, such as when writing a check to yourself, the payee and payor can be the same person.

The definition of a payee is the person to whom money is being paid. An example of payee is the name of the grocery store written on the check. One to whom money is paid. Any person to whom a debt is to be paid; one to whose order a check or other negotiable instrument is made out.

This allows you, as a vendor, to receive payments from all participating state agencies.This also allows you to receive payments by direct deposit, the state's preferred method of payment.