An individual who uses his/her money and material posessions to gain companionship. A Paymaster is often unattractive or older, and has difficulty maintaining meaningful relationships.
When you see a young, beautiful woman with an old, broke down man there's a good chance he is paying her bills, buying her clothes, wining and dining her, and NOT getting any sex! This poor man would be considered a PAYMASTER.
"She is way too pretty for him; dude must be a Paymaster!"
A nickname to any male who successfully scares a female into changing her daily routine to avoid him. Or a male who uses friends to hang out with chicks and tells his friends he hangs out with a lot of females.
Dude, here comes Poonmastervan, I heard he hung out with mass chicks last night!