Answer by Yarnlady. Confidence votes 2.9K. The payee is the one that receives a payment. On a check or money order, the payee is the person the check is made out to. This is the person who can cash the check, or deposit it into his account.On a promissory note he is the one who receives the money from the loan.nswer by Yarnlady. Confidence votes 2.9K. The payee is the one that receives a payment. On a check or money order, the payee is the person the check is made out to. This is the person who can cash the check, or deposit it into his account.