Split Accounts
The Fondy Split Account API allows platforms and marketplaces to automate payments efficiently. Our end-to-end payment service handles everything from onboarding merchants/sellers/partners to managing transactions and secure payouts. Seamlessly integrating with your existing platform, Fondy Split Account simplifies fund management and splitting between your platform and merchants/sellers/partners.
How It Works
- Create Split Rules: Define the percentage or fixed amount each recipient should receive.
- Assign Recipients: Specify the accounts to which the funds will be transferred.
- Process Payment: When a payment is received, it’s automatically split according to the predefined rules.
Benefits
- Seamless Integration: Easily integrate our payment solution into your existing platform using our user-friendly APIs.
- Split Payments: Save time and resources by automating the process of splitting payments between the platform and merchant/sellers/partners.
- Payouts: Trigger payouts to partners/sellers’ bank accounts according to your business criteria.
- Onboarding: Automate your partners/sellers onboarding using our onboarding APIs, providing a seamless user experience with our hosted pages.
- Commissions: Control and manage all your platform commissions, separately from the partners/sellers' funds.
- Efficient Payment Processing: Benefit from fast and reliable payment processing, real-time transaction monitoring, and easy-to-use management tools.
- Enhanced Security: Protect your platform and users with advanced security measures and fraud prevention tools, ensuring a safe and reliable payment experience.
The Fondy Split Account API is an HTTP-based API and follows general REST principles; it has predictable resource-oriented URLs, accepts JSON-encoded request bodies, returns JSON-encoded responses, and uses standard HTTP response codes, authentication, and verbs.
Updated about 2 months ago
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