Split Payments

SPLIT SETTLEMENTS

PayAid automatically routes payment through UPI, IMPS or NEFT to sellers, agents and vendors transcending preferred banks, payment modes, service charges and commissions while ensuring the compliance and audit requirements are met with.

1.     This flexibility in payment allows our users to take full-control of payment schedules, methods, refunds and reconciliations. This is especially beneficial in business models such as the online marketplace, crowdfunding apps, service aggregators, start-ups, etc.

2.     We offer a frictionless, speedy transaction which in turn encourages your customers to come back for repeated purchase. Your customer base and reputation increase empirically as the convenience factor is high.

3.     We provide a comprehensive solution with well-documented APIs which covers the following aspects of payments –

•         Collection of payments through various payment modes

•         Splitting of payment to retain a percentage cost as a service fee or commission

•         Instant transfer of funds to vendors, business partners etc.

•         Auto-reconciliation for ease of auditing