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Split payment

Reduce payment processing costs with the Split service! The service automatically separates the payment from the buyer and sends it to the suppliers of goods/services in a receipt. This is especially convenient for marketplaces, eliminating the need for manual work by accountants.
Split payments
Benefits of split payments
Convenient
Buyers save effort and time by making a single payment. And the company saves time on settlements between parties to the transaction, which allows for better planning and development of sales.
Cost efficient
The company reduces back office costs, as there is no longer a need to do constant reconciliations and reporting.
Control
The selling company can grow its business by connecting and disconnecting suppliers.
Who might benefit from it
Marketplaces
Aggregators
Multi-brand retail chains
Service exchanges
Housing and utility services management companies
Stores
Maintenance companies
Online study platforms
Companies with several legal entities
How it works
1. The seller communicates to Freedom Pay the number and names of suppliers that are entered into the system.
2. The buyer selects goods or services, pays for purchases in a single payment... More ->
Split payments
How splitting works
2.
The buyer selects goods or services and pays for purchases in a single payment.
3.
According to the rules established by the seller, the payment is automatically divided and sent to the suppliers' accounts.
1.
The seller communicates to Freedom Pay of the number and names of suppliers that are entered into the system.
4.
The seller receives all unallocated funds.
5.
If the buyer cancels the purchase, the money is returned back from the suppliers' accounts.
6.
In case of a partial return, the seller indicates the supplier's account that returns the money.
7.
The payment commission is paid by the seller; the supplier does not pay it.
Are you ready to grow with Freedom Pay?
Connect Freedom Pay to your website and accept payments online using methods convenient for you and your customers