Yes, pips is a Scrabble word!
...and is worth 8 points in Scrabble, and 10 points in Words with Friends
pips
Verb
1. Kill by firing a missile
2. Hit with a missile from a weapon
3. Defeat thoroughly
Noun
1. A disease of poultry
2. A minor nonspecific ailment
3. A small hard seed found in some fruits
4. A mark on a die or on a playing card (shape depending on the suit)
5. A radar echo displayed so as to show the position of a reflecting surface
What Scrabble words can I make with the letters in pips?
3 Letter Words
2 Letter Words