Introduction

Easy Split automates the splitting of payments with vendors and partners on time. Collect payments from customers, and set up a flexible settlement cycle to disburse payments to your vendors. Also, you can easily initiate refunds, if any, to your customers. Detailed reports are available for your analysis.

To use Easy Split, you should have the collection of your payments powered by any of the Cashfree Payments products - Payment Gateway, Payment Links/Forms, Auto Collect, or Subscription. Contact your account manager to enable the Easy Split feature for your Cashfree Payments account.


Workflow

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Easy Split Workflow


Use Cases

Marketplace Aggregators

Online businesses that sell multiple products through different vendors can now use Easy Split to manage the splitting of incoming customer payments with ease. Also, easily manage settlement cycle, deduct commission, and view real-time reports for these vendor payments using our Easy Split product dashboard.

10001000

Standard Marketplace Setup

  • Add & update vendor details: Add and update vendor details via product dashboard or API.
  • Prepaid charge configuration: Reduces effort from the merchant finance team in reconciling the service charges to settle fee invoices.
  • Split after payment: Allows order split default delay 2 days (can be extended further if required).
  • Manage refunds: Allows refund both before and after the split.
  • Transfer balances: Allows credit/debit vendor account.
  • Deferred settlement: Allows deferred settlement time configuration basis service time for each vendor. It should be used only when there is a different settlement time for the same order.

EdTech & Other Platform Businesses

Online EdTech platforms that offer courses with different professors/instructors (Vendors) can use Easy Split to collect payments from students and split the amount with the instructors after deducting their charges.

10001000

Standard Platform Business Setup

  • Add & update vendor details: Add and update vendor details via product dashboard or API.
  • Split after payment: Allows order split default delay of 30 days (can be extended further if required).
  • Prepaid charge configuration: Reduces effort from the merchant finance team.
  • Manage refunds: Allows refund both before and after the split.
  • Transfer balances: Allows credit/debit vendor account.

Franchise & Multi-Branch Outlets

Businesses that centrally manage payment collections for all their branches, like an online beauty product store or a pizza delivery store, can now make use of Easy Split to collect payment via website from all customers and route the incoming payments to their individual stores.

10001000

Standard Centrally Operated Business Setup

  • Add & update vendor details: Add and update vendor details via product dashboard or API.
  • Split after payment: Allows order split default delay 2 days (can be extended further if required).
  • Prepaid charge configuration: Reduces effort from the merchant finance team.
  • Manage refunds: Allows refund both before and after the split.
  • Transfer balances: Allows credit/debit vendor account.

Investment or Insurance Marketplace

Marketplaces where 100% order amount is settled to AMC or Insurer's account. The settlement will be customised and completed on the same day, with additional AMC & NBFC level reconciliation. Easy split also facilitates instant and on-demand settlements

10001000

Standard Investment & Insurance Marketplace Setup

  • Add & update vendor details: Add and update vendor details via product dashboard or API.
  • Prepaid charge configuration: Reduces effort from the merchant finance team
  • Manage refunds: Allows refund both before and after split

Educational Institutes

Institutes managing multiple accounts for administration can use Easy Split to facilitate splitting student payments directly to all their business accounts by providing split. This will reduce reconciliation efforts to settle individual accounts like tutors, admin, hostel, stationary & mess accounts

10001000

Standard Educational Institutes Setup

  • Add & update vendor details: Add and update vendor details via product dashboard or API.
  • Split after payment: Allow order split default delay 2 days (can be extended further if required)
  • Prepaid charge configuration: Reduces effort from the merchant finance team
  • Manage refunds: Allows refund both before and after split
  • Transfer balances: Allows credit/debit vendor account

On-Demand Services

Services like cab booking, flight booking, food delivery etc. can now take bookings and automate the splitting of incoming customer payments to the respective service providers with the help of Easy Split.

Standard On-Demand Service Setup

  • Add & update vendor details: Add and update vendor details via product dashboard or API.
  • Split after payment: Allow order split default delay 2 days (can be extended further if required)
  • Prepaid charge configuration: Reduces effort from the merchant finance team
  • Manage refunds: Allows refund both before and after split
  • Transfer balances: Allows credit/debit vendor account

Features

Feature

Resource

Description

Split after payment success

https://docs.cashfree.com/reference/split-after-successful-payment

Configuration:

  • Split by Amount
  • Split by Percentage
  • Order split Delay: 2 days (can be extended further if required)
  • This will be active by default when easysplit is enabled. The default config for merchant is as per merchant settlement cycle
  • This feature allows to initiate split after successful confirmation of payment by customer
  • Only successfully captured transactions can be settled to split accounts
  • Perform split operation for the successful order within 2 days (can be extended further if required)
  • If split is not provided in configured window, settlement will happen to merchant's account by default

Add/Update Vendor

https://docs.cashfree.com/reference/create-merchant-vendor

Configuration:
For NEFT/IMPS bank transfer:
a. Vendor unique ID
b. Phone & Email ID
c. Bank Account Holder Name
d. Account Number
e. IFSC
f. Settlement Cycle

For UPI Transfers:
a. Vendor unique ID
b. Phone & Email ID
c. UPI VPA
d. Settlement Cycle

Merchant can add or update their vendor details by providing the basic information about the vendor and their account details. Details can be shared either for Bank transfer or for UPI VPA transfer

  • Add/Update Vendor is implemented instantly

  • Compliment add/update with bank verification, merchants can use Bank Account Verification APIs to avoid failures in settlement due to incorrect bank details

  • Merchant can configure settlement cycle for each vendor during add/update. For faster settlement cycles, raise a request to Account manager or [email protected]

Transfer Vendor Balance

https://docs.cashfree.com/reference/transfer-vendor-balance

Configuration:

  1. Vendor Credit & Merchant Debit - Type: "CREDIT"
  2. Vendor Debit & Merchant Credit - Type: "DEBIT"

Merchant can initiate manual Credit/Debit of configured vendor configured settlement account. This can only be done if the debit account has sufficient balance to transfer respective payment.

Refund before split

https://docs.cashfree.com/reference/createrefund

Configuration:

  • OrderID
  • Refund Amount

If the refund is initiated before vendor split shared – Cashfree directly refunds the money to customer payment instrument in the next settlement cycle

Refund after split

https://docs.cashfree.com/reference/createrefund

Configuration:

  • OrderID
  • VendorID
  • Refund Amount
  • Refund Split by Amount or Percentage

If the refund is initiated after vendor split shared - Refund will be done from merchant & vendor settlement account according to their respective transaction split created.

Deferred Settlement

https://docs.cashfree.com/reference/update-vendor-settlement-eligibility-date

Configuration:

  • OrderID
  • VendorID
  • Settlement Eligibility Date: Default 2 days (can be extended further if required)
  • This feature has to be pre-configured to defer settlement to specific vendors (Contact AM to use this Defer Settlement)
  • This API allows you to assign a settlement eligibility date for an order and vendor combination
  • Vendors post their settlement time will be settled in next settlement cycle
  • Only successfully captured transactions can be settled to split accounts

Advantages

  • Simplified vendor management - With a simple integration you can onboard vendors and automate vendor settlements.

  • Seamlessly split payments to all vendors - Settle payments to your vendors instantly after receiving payments from your customers via Instant Settlements or define a custom settlement cycle for each vendor.

  • Define settlement cycle - Configure settlement eligibility time at the order level for vendors.

  • Automatic reconciliation - Reconcile all payments, refunds and settlements using our powerful APIs. Get notified on transaction statuses like success, pending, etc., in real-time, using webhooks.

  • Comprehensive reports - Get detailed reports on transactions, settlements, refunds, vendor payments and adjustments. With detailed reports, stay on top of your business finances always.

  • Flexible refund management - Automatically process the refunds easily by specifying the amount to be split between you and the associated vendor.


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