Last Updated on: 3rd January 2025, 01:20 pm

As a entrepreneur at the helm of a marketplace or two-sided platform, you understand the complexities of managing payments between multiple parties. Fondy introduces a game-changing solution with their innovative split payments, designed to simplify your financial transactions and boost your business efficiency.

Understanding the need for split payments

In the dynamic world of online commerce, split payment systems have become indispensable. They enable you to automatically divide payments from customers, distributing funds to vendors, service providers, and even splitting commissions or fees – all in real time. This is particularly crucial for platforms that involve multiple stakeholders in each transaction.

How Fondy’s split payment processing works

Fondy’s split payment processing offers a seamless experience:

1. Customer makes a payment: A customer completes a transaction using their credit card on your platform.
2. Automatic allocation: The payment is instantly divided according to your predefined rules – whether by fixed amounts, percentages, or a combination.
3. Funds distribution: The allocated funds are instantly settled to the accounts of the relevant parties..

Benefits tailored for your business

• Save time and resources: Automate the splitting of payments to reduce manual processing and minimise errors.
• Boost conversion rates: Enhance the user experience with smooth split credit card payments, encouraging customers to complete their purchases.
• Full financial flexibility: Customise how payments are split to align with your business model and partners’ needs.
• Enhanced security features: Protect transactions with advanced security measures, giving you and your partners peace of mind.

Fondy offers solutions suitable for both startups and established companies:

• Startups: Take advantage of no-code integration options, such as Payment Links and plugins for platforms like WooCommerce and Wix.
• Established businesses: Utilise Fondy’s API for customised solutions, benefiting from scalable cloud infrastructure and dedicated support.

Monitor your transactions in real time through Fondy’s merchant portal. Access detailed reports on all split and unsplit payments, ensuring you have complete visibility over your financial operations.

Let’s try split payments online

Fondy has crafted an informative guide to help UK entrepreneurs implement their split payment system effectively. By leveraging Fondy’s all-in-one fintech solution – including split payments, instant payouts, and virtual Fondy IBAN accounts – you can optimise your financial processes and focus on what matters most: growing your business.

Discover how split payments can revolutionise your marketplace. Visit the official Fondy website to learn more and take the first step toward unlocking financial efficiency.