Split Payments
Unlock the potential of marketplace and platform-based business models with Split Payments. Effortlessly split revenue, commissions, fees, and more amongst partners
Split Payments help improve your cash flow by simplifying payment division between your business and partners. This eliminates complex reconciliation, reduces paperwork, and cuts down on administrative tasks. With Split Payments, you can instantly allocate payment fees among parties, manage commissions, and handle other fees effortlessly. It’s the perfect solution for partners and third parties requiring fast access to their funds.
Split Payments is ideal for online platforms listing products and services from various merchants and businesses with commission or fee-based models.
Allocate each payment received by setting a fixed amount, a specific percentage, or a blend of both, and decide if the split happens directly from your Split Account or directly from the partner’s Wallet.
Automate your payment splitting for recurring transactions, like service provider subscriptions, with our custom integration options.
Flow Payments provides an efficient solution for marketplaces or platforms to manage funds: receive, split, and disburse payments effortlessly. Streamline your operations with dedicated Wallets for each partner, seamlessly onboard and secure each partner through our Flow Identity feature for easy KYC & KYB compliance. Enjoy precise fund splitting for reliable recipient management.
So whenever funds need to be paid, Split Payments are the key to smooth cash flow for your whole ecosystem. Your B2B partners benefit from total transparency, controlling payments and payouts via their interface, and receiving in-depth reports with valuable insights for strategic decision-making, encouraging strong partnership with lasting loyalty.
Split Payments (or Splits) are especially beneficial to modern business models. These models include some of the most well-known and popular brand names in use today, such as:
Marketplaces like Amazon, Etsy, and eBay sell a variety of products from a wide range of different sellers. Split Payments come into play when customers pay for multiple items (from different sellers) in one shopping cart and when different payment amounts need to be directed to different sellers.
Uber, TaskRabbit, and Airbnb, along with content and fundraising platforms or syndicate loan platforms, are prime examples of multi-sided platforms. These platforms connect gig workers like drivers, handymen, and homeowners, as well as content creators and fundraisers, with users and customers seeking services like taxi rides, home repairs, holiday rentals, digital content, or investment opportunities.
Enjoy the benefits of Split Payments when you sign up for Flow Payments. Tap into versatile split payments, payout transactions, and settlements for your marketplace or platform with Fondy.
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