The Split Payout functionality allows SIBS Gateway to divide a single transaction funds between a maximum of four different accounts.
This feature is particularly useful in scenarios where a given transaction involves multiple parties who are eligible to receive a portion of the payment.
Benefits
This functionality brings different benefits for merchants such as:
Improved Flexibility. Ability to setup how the funds are distributed within multiple accounts, allowing merchants to adapt their payouts structures to fit their specific business models.
Simplified Operations. Split payout automates the process of dividing funds across multiple accounts, reducing manual and administrative work. This allows improving operational efficiency and optimizing the available resources.
Transparent Operations. With detailed reporting and transaction tracking, merchants will gain great visibility into the payout transactions.
Secure Operations. Split payout reduces the risk of errors or delays in payment distribution, as funds are automatically allocated according to predefined rules.
Overall, SIBS Gateway Split Payout functionality allows merchants to manage their financial relationships more effectively, drive operational efficiency, and deliver a seamless payment experience to all stakeholders involved in their business.
To activate Split Payout functionality, contact your Account Manager.
How it works
Step 1: Define Settlement Points
Step 2: Get the Response
Step 3: Make a payment
Step 1: Define Settlement Points
Once in Onboarding the Split Payout functionality is activated, the following structure should be included on the checkout API request settlementPoint.
SettlementPoint
Below you will find a checkout request body with settlement point structure.
Request body:
"settlementPoint": [
{
"id": "T13d4f9fb115f54b6cbe6f20a6ae68dbd6",
"amount": {
"value": 2,
"currency": "PLN"
}
},
{
"id": "T23d4f9fb115f54b6cbe6f20a6ae68dbd6",
"amount": {
"value": 2,
"currency": "PLN"
}
Step 2: Get the Response
The response includes a statusMsg, a transactionID, a transactionSignature and the list of available paymentMethodList that you can display.
Ensure the order has been created and submitted.
Step 3: Make a payment
After the checkout order with settlement points is created and submitted, if the shopper chooses to pay with a payment method that requires a redirection, you need to make a payment request to SIBS Gateway.
Please see the Payment methods page for more details.
You can review the Settlement Points specified for each store, by consulting your SIBS Backoffice account. Go to Configuration > Split Payouts in the left-side menu.
Should you wish to see the amount for each Settlement Point for a given transaction, check your SIBS Backoffice account. Go to Business > Transactions in the left-side menu. For more details, see our Transactions page.
Supported payment methods
Split Payout offers full compatibility with all available payment methods, ensuring maximum flexibility and convenience.