With Split Payments, you can share the settlement of a transaction with one or more sub-accounts. This allows you to automatically distribute revenue between multiple parties without manual transfers or spreadsheets. Whether you’re running a marketplace, school, agency, or any business that needs to share revenue, Split Payments makes it easy to:
  • Create sub-accounts: Assign each recipient their own account within Modem Pay.
  • Set revenue percentages: Decide what portion of a transaction each sub-account receives.
  • Automate settlements: Modem Pay calculates and distributes payouts according to the defined splits.
Example: A customer pays 1,000 GMD. You have a sub-account set up to receive 10%, and your main business account receives 90%. After the transaction is processed:
  • Main account balance: 900 GMD
  • Sub-account balance: 100 GMD
This removes the headache of manual revenue sharing, ensures transparency, and keeps your business and partners’ payouts accurate and timely.