Is it paid or payed money?

“Paid” and “payed” are commonly confused because they are pronounced the same.

The past tense and past participle of the verb “pay,” meaning “exchange money for goods or services received,” is paid (e.g., “With the part exchange deal I paid money in addition to the value of my old car”).

There is a less common meaning of “pay” which is to let rope or chain through your hands in a controlled way. It is typically used in boating and climbing contexts, but it can be used in any situation where that action takes place (e.g., “The rescuers payed out the safety rope as the lifeguard entered the water”).