What Is the Difference between Payor and Payer?

Answer

Payor and Payer both share the same meaning. Payer is the more commonly used of the two. However, Payor is actually the correct way to spell it, as there is a difference in popularity and corectnes.
Q&A Related to "What Is the Difference between Payor and Payer"
The preferred spelling is "payer." This version is most widely used and accepted by the pharmaceutical/biotech industry. The correct spelling, however, is "payor"
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The country the person who wrote it is from. The payer is the one is pays money. The payee is the one being paid.
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Essentially they both refer to the person who is paying for something (i.e. If you bought a soda, you are considered the payor from the stores perspective). Even though payor is the
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KGSupport says: It is always handy to have a dictionary available close by. There are also a good number of free online dictionaries. “Payer” and “Payor” are
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The terms payer and payor both refer to someone who is paying for something. The difference is a payer is someone who pays. A payor is when payment is made for ...
'Payer' is somebody that pays something. 'Payor' is just a variation of the spelling. The words mean the same thing. ...
A payment is the transfer of wealth from one party (such as a person or company) to another. A payer is the party making a payment. The payee is the party receiving ...
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