Use the Easy Split feature to seamlessly split payments to all associated vendors (payable entities), manage settlements and reconcile with ease. With this feature, you can disburse payments to multiple vendors involved in a transaction in one go.
Contact your account manager to enable the Easy Split feature. You must integrate with our Payment Gateway using the Checkout Form or Seamless Pro integration method to use this feature. You can also use our APIs to integrate.
Investment Platform - An online investment platform sells multiple mutual funds by not just one fund house but different fund houses. In such cases, when customers purchase mutual funds from more than one fund house, you would need to collect payment from your customers and disburse it to respective fund houses. With Easy Split feature, you can easily disburse payments in one go.
For example, ABC Corporation is an investment platform and sells mutual funds from X and Y fund house. A customer buys a mutual fund costing Rs. 20,000 from X, and another from Y costing Rs 5000. ABC Corporation collects the total payment of Rs. 25,000 from the customer, and then transfers the respective funds to A and B fund house. Also, ABC Corporation can collect some charge from these sellers for using investment platform based on their business policy.
Ecommerce Site - An eCommerce site sells products from multiple vendors. Customers place orders which involve products from more than one vendor. In such cases, you would need to collect payment from your customers and can disburse it to respective vendors. With Easy Split feature, you can easily disburse payments in one go.
For example, Customer A places an order on an eCommerce site for items A, B, and C. All the items are sold by three different vendors, the customer has the flexibility to make the payment for all items together, and later you can disburse payments to A, B, and C vendors in one go using the Easy Split feature.
Education Sector - For educations sectors where fees are split as various fee headers like admission fee, hostel fee and other types, the funds need to be added the to respective fee headers. It must be settled in the respective accounts. You accept fees from parents in a single transaction, and the funds can be settled to respective accounts using the Easy Split feature. It saves manual effort for you in splitting and reconciling the fees later.
Updated 26 days ago