Cardknox Now Supports Split Payments

Published on January 15 of 2019

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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