As nouns the difference between cut and pay
is that
cut is vial while
pay is money given in return for work; salary or wages.
As verbs the difference between cut and pay
is that
cut is to beat it; to take a hike; to get lost while
pay is to give money or other compensation to in exchange for goods or services or
pay can be (nautical|transitive) 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.
As an interjection cut
is beat it]]!; take a hike!; [[get lost|get lost!.
As an adjective pay is
operable or accessible on deposit of coins.