What is Split Payment?
Also known as: Marketplace payment splitting
Split payment is the automatic division of a single customer payment among multiple recipients. Its most common use is in marketplaces: the amount of a single basket is allocated to the relevant sellers' earnings after the platform commission is deducted.
How does Split Payment work?
- At checkout, the seller for each basket item and the applicable commission rate are defined.
- After the platform commission and other deductions, the collected amount is recorded as earnings per seller.
- Earnings are paid out to sellers on a set schedule; refunds and cancellations are deducted from the relevant seller's share.
Key points
- Critical for marketplaces, dealer networks and earnings-based business models
- Requires seller-level reconciliation
- Marketplace payment flows in Turkey must be designed in line with applicable regulation
Split Payment with Treps
The Treps Marketplace solution provides split payment, sub-seller management, commission calculation and seller-level reconciliation on one infrastructure.
Frequently asked questions
Which businesses need split payment?
Marketplaces selling multiple sellers' products in a single basket, companies selling through dealer or agent networks, and platforms that distribute collections to multiple parties as earnings (e.g. energy, tourism, logistics).
How are refunds handled with split payment?
The refunded amount is deducted from the earnings of the seller who owns the refunded item; refunding the platform commission is calculated according to business rules. The split payment infrastructure therefore needs to keep seller-level records.