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1.
It is the way a wigger (wiggah) /chigger (chiggah), a person who lacks racial confidence/pride in his own race and depends on identity upon trying to be something he's not (like being black), says "Peace" in order to seem black.
John CHAN "Waddup my hot DAWG?!"
Jason SMITH "Not too much mah Niggah! PAYCCCCE!!"

Terry O'NEIL "Um. Are you ignorant blasphamuses trying to replicated my black heritage? Is that mockery I smell a foot? Let me kindly... CAP YO ASS"

*bang bang*

Terry: "PAYCE. fools"
by Aduras September 04, 2004
128 67
 
2.
Variation of peace, meaning bye, im out, or later.
by anonymous March 13, 2003
54 45
 
3.
same thing as peace. but said in a different way,louder.
yo, i gota go so PAYCEEE.
by Rabberzz November 24, 2006
41 33
 
4.
Just a different way of saying peace. It's just said louder, and is pronounced "PACE"

and Aduras is a penis tip
tyrone: i gotta go, PAYCE!(peace)
william:i gotta go, PAYCE!(peace)
ching: i gotta go, PAYCE!(peace)
by ImRight September 16, 2007
18 22
 
5.
It is a way to say "I'm out" of a conversation when you are chatting online. Another way of saying "Peace" or "Duece", but being chill about it. And, chill / laid back now a days seem to be reflected by the word "Payce".

This has nothing to do with someone trying to impersonate a Black person, its the attitude / emotion being replicated.

Jeremy: "Say I got a lot of work to do. I'm out"
Jeremy: "Payce"
Kevin: "Later"
by Shotgun Silver December 01, 2005
23 50
 
6.
A bank within the Vatican.
The pope went to the payce to get some euros.
by me November 22, 2003
11 53
 
7.
Paste
i want to eat paste
by bob May 08, 2003
24 69