It's a "brandable" - made up word(s) that don't mean anything but kind of sound like they do. PaySoft would be a great name. But the -ly makes it worth a lot less.
You could put a $1,500 BIN on it and see what happens, but I don't see this name ever selling. Mostly because when you say it out loud it sounds like "pay softly" which doesn't make sense. That's a bad adjective to match with "pay"