Split Settlements

With Pine Labs Online split settlements, you can now distribute the settlement amount from a single transaction among multiple entities automatically. This feature is useful for businesses that manage payouts to multiple stakeholders, such as sub-merchants, vendors, or partners, simplifying the entire settlement process and ensuring transparency.

By automating the distribution process, split settlements reduce manual intervention, enhance reconciliation accuracy, and offer a seamless experience for all involved parties.

Who Can Use Split Settlements?

• Businesses operating with multiple sub-merchants, franchises, or business partners.
• Platforms managing payouts to vendors or sellers.

Use Cases

1. E-commerce Platforms: Automatically distribute payments between sellers and platform commissions, ensuring transparent and efficient transactions.
2. Travel Agencies: Distribute payments to various stakeholders, such as agents, airlines, and service providers, enhancing payment accuracy and operational efficiency.
3. Food Delivery Platforms: Allocate payments between restaurants, delivery partners, and platform fees to support seamless operations.
4. Subscription-Based Businesses: Manage revenue sharing by distributing subscription payments among stakeholders

Benefits of Split Settlements

1. For Merchants:
   • Automates the payout process, reducing operational overhead.
   • Enhances accuracy and simplifies reconciliation.
   • Improves partner satisfaction with transparent transactions.
2. For Sub-Merchants/Partners:
   • Enables direct and timely payouts.
   • Provides detailed earning visibility via the dashboard.
3. For Customers:
   • Offers a seamless checkout experience without making multiple payments.

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Feature Request

Raise a request with our support team to get this feature activated on your Pine Labs Online account.