Is PAYED a Wordle Word?

Yes. PAYED is a valid Wordle word.

It is not on the Wordle answer list, so it is unlikely to be a daily answer.

Past-tense words ending in ED are almost never chosen as Wordle answers.

What does PAYED mean?

To give money or other compensation to in exchange for goods or services.“he paid her off the books and in kind where possible”
To discharge, as a debt or other obligation, by giving or doing what is due or required.“he has paid his debt to society”
To be profitable for.“It didn't pay him to keep the store open any more.”

5 more verb definitions

To give (something else than money).“to pay attention”
To be profitable or worth the effort.“crime doesn’t pay”
To discharge an obligation or debt.“He was allowed to go as soon as he paid.”
To suffer consequences.“He paid for his fun in the sun with a terrible sunburn.”
To admit that a joke, punchline, etc., was funny.“I'll pay that.”

To cover (the bottom of a vessel, a seam, a spar, etc.) with tar or pitch, or a waterproof composition of tallow, resin, etc.; to smear.

Definition from Wiktionary, available under the CC BY-SA license.

Starter word rating: AverageIn the top 27% of all valid Wordle words for testing common letters.
Vowels: A, E
Unique letters: 5 of 5
Common letters: A, E

Hard-mode trap: 9 valid words fit the pattern _AYED. If you reach it, you may need several guesses to find the last letter.

Letter ratings use how often each letter appears in Wordle answers.

Tap its tiles to the colours Wordle showed, and the Wordle Solver lists every word that still fits, with the best next guess.