Payback is a professional wrestling event produced annually by WWE, a Connecticut–based promotion, and broadcast live and available through pay-per-view (PPV). The event was established in 2013, replacing No Way Out in the June slot of WWE's pay-per-view calendar. In 2015, the event moved to the May slot of WWE's pay-per-view calendar. WWE swapped dates between Payback and Extreme Rules in 2016, with Payback taking place on May 1 and Extreme Rules taking place on May 22; making this event as a post-WrestleMania pay-per-view event. In 2017, the event moved to the late April slot of WWE's pay-per-view calendar and as a Raw-exclusive pay-per-view event.
The event has been held only in indoor arenas in the United States (the first, second, and fourth events have all taken place at the Allstate Arena, in Rosemont, Illinois). Championship bouts are scheduled on every card, with the lower-tier titles featured on the undercard and the top-tier featured on the main card.