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.