A payload in metapsloit refers to an exploit module. There are three different types of payload modules in the Metasploit Framework: Singles, Stagers, and Stages. These different types allow for a great deal of versatility and can be useful across numerous types of scenarios. Whether or not a payload is staged, is represented by ‘/’ in the payload name. For example, “windows/shell_bind_tcp” is a single payload with no stage, whereas “windows/shell/bind_tcp” consists of a stager (bind_tcp) and a stage (shell).
Singles are payloads that are self-contained and completely standalone. A Single payload can be something as simple as adding a user to the target system or running calc.exe.
Stagers setup a network connection between the attacker and victim and are designed to be small and reliable. It is difficult to always do both of these well so the result is multiple similar stagers. Metasploit will use the best one when it can and fall back to a less-preferred one when necessary.
Windows NX vs NO-NX Stagers
Stages are payload components that are downloaded by Stagers modules. The various payload stages provide advanced features with no size limits such as Meterpreter, VNC Injection, and the iPhone ‘ipwn’ Shell.
Payload stages automatically use ‘middle stagers’