Pays out is a phrase that means to give money to someone, typically as compensation or a reward. There are various synonyms for this phrase, including disburses, remits, delivers, releases, and settles. Disburses is an alternative option for pays out as it suggests the act of distributing funds to various parties. Remits is another synonym, which suggests a more formal process of transferring money. Delivers and releases both imply the act of delivering money in full and on time. Settles is another word that stands out as it suggests the completion of a transaction, indicating a state of resolution. By choosing the right synonym, you can convey a clearer and more formal tone when referring to the payout of funds.