Split Payment
- Annick Chiasson
Introduction
Split payment is a solution for dividing a single payment into several transactions distributed among different beneficiaries. This feature is handy for managing membership fees in various sports categories, guaranteeing automatic and transparent distribution of amounts between the parties concerned.
This option is only available for payments made by credit card and applies to all types of members subject to affiliation fees.
How does Split Payment work?
The process is based on several key steps:
Payment creation: The customer makes a single payment.
Distribution of funds: The amount is automatically collected according to defined rules (percentage, fixed amount, etc.).
Payment to beneficiaries: According to the established conditions, each party receives its share of the payment in its Paysafe account.
Visual for the customer :
When split payment is activated, the Paysafe name of the organization will be displayed for the corresponding affiliate fees or transactions. As a result of this payment split, several transactions will appear on the credit card statement, each associated with the affiliate fees of different organizations. Each transaction will be denominated under Paysafe and itemized on your invoice.
This breakdown does not influence the calculation of service fees or platform fees. In the case of installments, service, platform, and affiliate fees associated with the split payment will be deducted from the initial payment.
For organizations:
Each organization will have access to its associated transactions, which will have a distinctive number and be easy to find in reports or via the Netbanx portal. It's important to note that you can only refund the amount transferred to you, not the entire transaction. For example, an organization will not be able to refund membership fees that do not belong to it.
To avoid any confusion, we recommend that you update your terms and conditions to specify that affiliation fees are non-refundable.
Each organization will be able to consult the following reports to track payments made to their Paysafe account:
Paysafe reconciliation report
Transaction report
Organizations will also be able to view the amount collected from each member in the Memberships Fees tab of their profile, as well as the payment status (received or pending). A new report will identify members whose affiliation fee payment has not yet been received.
This breakdown does not influence the calculation of service fees or platform fees. In the case of installments, service, platform, and affiliate fees associated with the split payment will be deducted from the initial payment.
