What is a split payment? How one payment is shared between several people
By SendPay Business · · 2 min read
A split payment is one payment from a customer that is divided between two or more recipients. The most common example is a marketplace, where the customer pays once and the money is shared between the seller and the platform's fee.
How it works
- The customer pays the full amount once.
- The platform's fee is taken off.
- The rest goes to the seller, or is shared between several sellers.
Where split payments are used
Services and product marketplaces, booking platforms that pay each business, creator platforms that share subscriptions, and delivery apps that pay restaurants and riders all rely on splitting payments.
Why it matters
Splitting at the point of payment means sellers get paid automatically and the platform doesn't have to pay everyone out by hand. It also keeps a clear record of who received what.
Where SendPay fits
SendPay's Services Marketplace, Bookings & Appointments Platform and Creator & Membership Platform all take your fee and pay the rest out automatically, powered by licensed partners.
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What does each side take home?
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This guide is general information, not legal or financial advice. SendPay Business is a technology company, not a bank, and does not take deposits; regulated services on the platforms are provided by licensed partners. PayPal, Patreon and Substack are named as reference points only and are not affiliated with SendPay Business.