PAYDAY 3 is an action RPG where players reprise their roles as the Payday Crew, returning from retirement to confront a new threat in New York City. The game centers on planning and executing heists, allowing players to choose between stealth or direct confrontation, and manage hostages. Progression involves gaining experience, unlocking skills, and improving weapon proficiency to tackle increasingly difficult challenges. Co-op gameplay with friends is a core component.

The Year 1 Edition of PAYDAY 3 includes the base game and the Year 1 Pass, which adds four major DLC bundles. These bundles introduce new heists, weapons, and cosmetic items, expanding the game's content. Players can customize their heisters with various cosmetic packs and masks.