As verbs the difference between compensating and paying
is that compensating is present participle of lang=en while paying is present participle of lang=en.
As a noun paying is
payment.
paying
English
Verb
(head)
Noun
(
en noun)
payment
* Philip H. Wicksteed, The Commonsense of Political Economy
- It brings his payings into close and convenient correspondence with his usings of commodities, and different branches of his expenditure thus become easily comparable.