Split
Zoho Payments enables marketplace and platform businesses to split incoming payments across multiple connected accounts, including sellers, vendors, or service providers, using the Zoho Payments API.
Zoho Payments handles the fund movement and settlement to each connected account automatically. To learn more about how Split works, refer to the Split help documentation.
How Payments Are Split
When a customer makes a payment on your platform, the full amount is collected into your Zoho Payments account. You then define how the payment should be distributed by creating transfers to your connected accounts. Each transfer specifies the connected account and the amount to be credited. Once the transfers are created, Zoho Payments handles the settlement to each connected account’s bank account. The remaining amount, after all transfers, stays in your account.
Insight: Split supports any business model where a single payment needs to be distributed among multiple parties, such as e-commerce marketplaces, service platforms, multi-vendor storefronts, and aggregator platforms.
Note: To enable Split for your business, contact us.
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