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Discover Ludwig"pays back" is correct and can be used in written English.
It is usually used to describe a situation when someone returns money that they have borrowed or otherwise owe. For example: "John had borrowed money from his friend, but he promised he would pay it back. He worked hard and finally paid back his friend in full."
Dictionary
pays back
verb
Third person singular of pay back
Exact(55)
His investment pays back.
Perhaps surprisingly, it pays back financially.
Torres pays back every penny of his inflated transfer fee.
Under the current system the average graduate pays back £15,400 over their working life.
Investment in ending homelessness always pays back, to say nothing of the human and ethical reasons.
He pays back money he borrows when he meets his friends.
Similar(5)
Money paid back.
only $17.49 has been paid back.
Worried about paying back your student loans?
It's paid back in multiples".
They also like to get paid back.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com