Cardknox Now Supports Split Payments
Cardknox’s latest support for split payments allows businesses to seamlessly divide earnings between two or more parties at the point-of-sale, rather than having to wait until after batch settlement to do so. This solution is perfect for business models in which a master account receives all payments for later distribution among sub-accounts, such as taxi companies or marketplaces. Split payments can also be used by businesses and developers to offset processing costs, as processing fees can be automatically deducted from the sub-account’s earnings! Businesses that utilize split payments have full flexibility to set the terms of payment splitting in either a flat rate or percent.
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