-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 Tm1BSEIBwf6Hjdlt6wv0KJMma3tffY6xjFgwflyiHRrEC+L+qyAWgv0vV1DTqt8M
 datNZzjXdcDthgT9NpzgfA==

<SEC-DOCUMENT>0001005477-08-006895.txt : 20081217
<SEC-HEADER>0001005477-08-006895.hdr.sgml : 20081217
<ACCEPTANCE-DATETIME>20081217163616
ACCESSION NUMBER:		0001005477-08-006895
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20081215
FILED AS OF DATE:		20081217
DATE AS OF CHANGE:		20081217

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PAID INC
		CENTRAL INDEX KEY:			0001017655
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				731479833
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		4 BRUSSELS STREET
		STREET 2:		SUITE 220
		CITY:			WORCESTER
		STATE:			MA
		ZIP:			01610
		BUSINESS PHONE:		5166254040

	MAIL ADDRESS:	
		STREET 1:		7633 EAST 63RD PL
		STREET 2:		SUITE 220
		CITY:			TULSA
		STATE:			OK
		ZIP:			74133

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SALES ONLINE DIRECT INC
		DATE OF NAME CHANGE:	19990525

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SECURITIES RESOLUTION ADVISORS INC
		DATE OF NAME CHANGE:	19980814

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROSE INTERNATIONAL LTD
		DATE OF NAME CHANGE:	19960627

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ROTMAN RICHARD
		CENTRAL INDEX KEY:			0001081228

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28720
		FILM NUMBER:		081255432

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		5087530945

	MAIL ADDRESS:	
		STREET 1:		C/O SECURITIES RESOLUTION ADVISORS INC
		STREET 2:		4 BRUSSELS STREET
		CITY:			WORCESTER
		STATE:			MA
		ZIP:			01610
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar123.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-12-15</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001017655</issuerCik>
        <issuerName>PAID INC</issuerName>
        <issuerTradingSymbol>PAYD</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001081228</rptOwnerCik>
            <rptOwnerName>ROTMAN RICHARD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4 BRUSSELS STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>WORCESTER</rptOwnerCity>
            <rptOwnerState>MA</rptOwnerState>
            <rptOwnerZipCode>01610</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>CFO, VP, Secretary</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>.415</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-12-15</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>D</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>2500000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>.415</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2008-01-10</value>
            </exerciseDate>
            <expirationDate>
                <value>2018-01-10</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2500000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>9000000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Reporting Person was granted 2,500,000 options on January 10, 2008 and chose to cancel the options.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Richard Rotman</signatureName>
        <signatureDate>2008-12-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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