Paytm Split Settlements
Your hassle-free way to Split Payments
Easily split incoming payments to sellers, partners & your own bank accounts from our one stop dashboard. Eliminate the extra effort in payment reconciliation & accounting at zero additional cost.
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Designed for Ease, Optimised for Speed
Onboard Service Providers Instantly
Onboard sellers, vendors or your own bank accounts with just a few details. Paytm‘s automated instant account verification ensures that you meet all payments KYC & compliance requirements.
Set Payment Splitting Logic
Intimate Paytm on how you would like to split a payment and to which account or vendor in the transaction request. You get complete flexibility on how much to transfer, by amount or percentage, and to whom and when to settle the amount.
Split Payments Flexibly & Quickly
Paytm takes care of creating separate payouts for all account IDs as per your splitting logic. We transfer the respective amounts, saving you the hassle of splitting these payments internally.
Multiple Benefits of Paytm Split Settlements
Split Payments to Multiple Bank Accounts
Many businesses maintain multiple bank accounts for settlements as the customer payments need to be accounted for different parts of the organisation. Getting money from customers in one account and then splitting internally is not only operationally heavy but prone to error. Paytm Split Settlements provides the capability to receive payments by customers directly in their respective accounts.
Split Payments to Multiple Vendors
Businesses often need to split their customer payments between multiple sellers, vendors and service providers. Instead of reconciliation of these transactions at your end, outsource this to Paytm Split Settlements which takes care of settling to all service providers and ensures that your business is settled only on your revenue share.
Get Centralised Dashboard to manage your Operations
Single Touchpoint
Use the Paytm Dashboard to create, manage, and update vendors & accounts without any human intervention.
Easy Reconciliation
We have simplified vendor reconciliation by providing you auto created vendor settlement files & vendor level transaction reports
Automated Settlement Reports
Get settlement reports over email
Split Settlements has use cases across many Industries
- Education
- Marketplaces
- Franchises & Multi-Branch Outlets
- Cable & Broadband
Education
Education institutions often need to distribute the student fees across their internal branches, or into different accounts for tuition fee, sports fee, library fees etc. or to even external partners.
With Paytm Split settlements, Education institutions can easily split the fees as per their requirement.
- Save time and resources in splitting the fees & reconciliations
- Split payments to as many accounts you need
- Get single dashboard to manage all your operations
Marketplaces
In most of the marketplace or an ecommerce transactions the customer creates a shopping cart with goods from multiple sellers. Thus the payment made by a customer needs to be split between the marketplace and those sellers.
Instead of reconciliation of these transactions at your end, you can outsource this to Paytm Split settlements
- Automated reconciliation, eliminating human errors
- Easy vendor onboarding
- Get single dashboard to manage all your operations
Franchises & Multi-Branch Outlets
Businesses with multiple branches and franchises face a tedious challenge of splitting the payments across branches, zones and geographies. This becomes a bottleneck for accounting.
With Paytm Split settlements you can easily route payments to multiple bank accounts basis your requirement
- Streamlines accounting
- Save time and resources in splitting the payments
- Get automated settlement reports
Cable & Broadband
Cable and broadband service providers operate with a network of local operators. With customers directly paying to cable and broadband service providers, splitting these payments with the local operators is a time consuming process and often leads to reconciliation error owing to human intervention.
With Paytm Split settlements you can split the percentage of the customer payments directly to the local operators.
- Save time and resources in splitting the payments
- Split payments as per set logic
- Get automated settlement reports
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