For merchants working with the solution for Trading platforms, Tranzzo provides the ability to use the split payment service.
Split payment means a payment, the amount of which is distributed among the final recipients (submerchants) based on the information received in the request (submerchant identifiers and amounts).
An example of using split payment:
The customer has created a cart on the trading platform, which includes goods of three different merchants in the amount of 1000, 1500 and 2000 US dollars. Thus, the split payment amount is $4,500, which includes three subpayments of $1,000, $1,500, and $2,000 to three different submerchants. As a result, the customer will be charged a total of $4,500, and each of the submerchants will receive their share of this payment, taking into account the commission settings.
Tranzzo allows its merchants to accept split payments in one-step and two-step ways.
Split payments are displayed in the merchant portal with information on both the entire payment and the subpayments included in it.
Note: primary payments (purchase, auth, credit, lookup, P2P) must have a unique order ID. In case the selected order ID is already set for another transaction, an error will be received when creating the order.