Automate Your Platform With Split Payments
The split payment software automates the distribution of transactions between multiple parties, ensuring seamless and accurate fund allocation. This service simplifies complex transactions by automatically splitting money, providing transparency, and reducing manual errors.
What is Payment Splitting?
Split payments is a solution that allows to automatically distribute one payment between several recipients. You don't waste time distributing funds, while sellers get paid quickly.
How It Can Be Beneficial For Your Business
Streamlined Operations
Thanks to the automated system of split payment processing, you can reduce manual workload and the risk of human error. Save your time and improve efficiency in handling transactions.
Enhanced Transparency
With automated records of each split transaction, you maintain clear and accurate financial tracking, simplifying audits and reporting.
Scalable Solution
As your business grows, split payment software can handle an increasing number of transactions. A future-proof solution for your platform for your growth.
Effortless set-up and smooth funds management
Automatic payouts
Make instant deposits to the balance of sub-merchants and set up a separate payment schedule for each of them.
Individual commission settings
Choose a commission distribution model according to your business goals and customize the commission for each sub-merchant.
Refund in one click
Make a full or partial refund separately for each sub-merchant. Just go to the merchant portal, open the payment details and click once.
Payment reports
Your counterparties will automatically receive an email report on each payout detailing periods and transactions.
How it works
- The payer adds products from different sellers in the cart.
- Pays for all purchases in one payment.
- Tranzzo distributes the payment between the sellers and credits the respective amounts to their balance.
Split Payments Benefits
Enhanced Customer Experience
Split payment gateway allows customers to divide their purchases into manageable installments, making higher-value products or services more accessible. This flexibility leads to increased customer satisfaction, reducing cart abandonment and improving overall conversion rates.
Increased Average Order Value
When customers have the option to split transactions, they are more likely to purchase higher-priced items. This boosts your average order value (AOV), translating to higher revenue for your business without requiring any extra effort on your part.
Attract New Customers
Customers looking for flexible payment options are more likely to choose your business over competitors that don’t offer this feature.
Reduced Payment Risk
Tranzzo multiple payments solution comes with built-in fraud protection and automated processes to ensure secure transactions. This minimizes the risk associated with traditional credit or deferred, ensuring that you are paid promptly and securely.
How to Start Using Split-Payments
1
Consultation & Requirement Analysis
We start by understanding your business needs and defining the optimal setup for solutions designed individually for you.
2
Customized Solution Design
Our team tailors the payment infrastructure, incorporating your branding and specific requirements.
3
Integration & Technical Support
Next, you will be registered as a Tranzzo merchant while we configure the project according to the API. We handle seamless integration, ensuring a smooth experience for your platform with 24/7 support.
4
Testing & Quality Assurance
Rigorous testing is conducted to ensure security, compliance, and functionality across all transaction channels.
5
Launch & Ongoing Optimization
We provide continuous monitoring and updates, ensuring that the solution performs at its best as your business grows.
FAQ
What are the risks of split payments?
Is it better to split payments or pay in full?
Who uses split payments?
How does payment splitting work for marketplaces with Tranzzo?
Expand your reach and tap into new opportunities with Tranzzo's cutting-edge payment solutions
Create an account to start integration, or reach out to our manager and clarify the details