Paid or Payed? What's the difference

"Paid" is the word you will use more often. 

Examples with paid

Let's suppose you have an audio that says:

"All the bills are paid, there's no more due to pay"

You should transcribe: 

• [00:00:00] All the bills are paid, there's no more due to pay.  ✓

It would be incorrect:

• [00:00:00] All the bills are payed, there's no more due to pay.  X

Examples with Payed

Let's suppose you have an audio that says:

 " The captain payed out new ropes for the ships". 

You should transcribe:

• [00:00:00] The captain payed out new ropes for the ships. ✓

Since the context is nautical, it would be correct to transcribe the word "payed."