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The phrase "as a payoff" is correct and usable in written English.
It can be used to refer to a reward or benefit received in return for an action or decision.
Example: "The company offered a bonus as a payoff for meeting the sales targets."
Alternatives: "as a reward" or "as compensation".
Exact(23)
Such ties make it all too easy to criticize the contract as a payoff to politically favored businessmen.
£1m: Amount given to Sam Allardyce as a payoff for lasting 67 days of his £6m contract.
But prosecutors say Mr. Belnick received the bonus as a payoff for helping to hide Mr. Kozlowski's thefts.
The former deputy director general of the BBC was given almost £1m as a payoff when he left (half was 12 months' salary, half in lieu of notice).
Mr. Heberlig said prosecutors had not proved that Mr. Belnick received the bonus as a payoff for covering up illegal financial moves by Mr. Kozlowski.
As a payoff for those difficult choices, we're finally able to make some investments, and one of those is the $125 million for DYFS".
Similar(36)
The White House will try to present this as simply a payoff to the rich.
Xerox's rivals are just as drawn to such a payoff.
Mr. Jenkins cited them and very little else as evidence of a "payoff".
Such research, they say, benefits the economy as a whole — a payoff beyond the spending that individual companies could justify.
BRUCE WEBER ++ 'LAUGH WHORE' For indisputable evidence that comedy is fueled by anger, take a gander at Mario Cantone's face as he approaches a payoff line in "Laugh Whore," his gussied-up stand-up comedy show.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com