Split Account Set Up
The Fondy Split Account API allows platforms and marketplaces to automate payments efficiently. Here’s how to get started:
Step 1
Set Up Your Account
Log in to your Fondy dashboard, navigate to the Split Accounts section, and create your split rules by defining the percentage or fixed amount for each recipient.
Step 2
Integrate the API
Use Fondy's API to integrate split payments into your platform. Follow the API documentation to set up endpoints and manage transactions programmatically.
Step 3
Manage Payouts and Onboarding
Automate onboarding for your merchants, sellers, or partners using our onboarding APIs and schedule payouts to their bank accounts based on your business criteria.
Step 4
Monitor Transactions
Utilise real-time transaction monitoring and detailed reporting tools to oversee all split payments effectively.
Additional Resources:
If you’re new to Split Accounts, we recommend familiarising yourself with the following content:
- What are Split Payments
- What is a Payout
- A Deep Dive into Instant Payouts
- The Crucial Role of Payments in Empowering Gig Platforms
For comprehensive information, read through these documents. If you need assistance in determining if our solution fits your business needs, contact us at [email protected].
For detailed API documentation and examples, refer to our [API Reference](https://docs.fondy.io/reference/external-spring-boot-application. Explore specifics for API integration, encryption, supported endpoints, query parameters, error codes, expected responses, and formatting considerations.
Updated 3 months ago