How do split payments work?
One incoming payment is divided automatically between the parties you choose — seller, platform, and Fynex — using a rule you set once. Splits can be percentages, fixed amounts, or a mix.
A split payment takes one incoming payment and divides it automatically between the parties you choose. You set a rule once, and every matching payment is split the same way. A classic marketplace example: a customer pays £100, and it splits to the seller £80, your platform £15, and Fynex £5 — no manual transfers.
How a split is defined
A split rule has one or more payees, and for each you set how much they get:
- Percentages — e.g. seller 80%, platform 15%.
- Fixed amounts — e.g. a flat £5 fee.
- A mix — some lines percentage, some fixed.
You can also control the details:
- What the percentage is based on — the gross payment, or the net amount after processing fees.
- Priority and caps — set a minimum or maximum per payee, and the order lines are filled in.
- The remainder — whatever’s left after all lines can go to your main wallet or a separate remainder wallet.
When money actually moves
Splitting allocates money into each payee’s wallet inside Fynex. Paying it out to a real bank account is a separate step — see What are wallets and how does money move between them? Each payee must be verified before their first payout — see How do I add a payee — and what verification do they need?