Split Funding Functionality

Why should a modern payment processing solution support split funding? The process of purchasing has become more complicated and today it involves not only a seller and a buyer.  The entities like resellers, independent sales organizations (ISO), merchant services providers are also involved. Moreover, sometimes merchants might need to charge convenience fees, merchant services reserves and other types of commissions. All mentioned things cannot be realized without the support of the split funding functionality. 

The first solution that provided merchants with the ability to divide payments between several parties was PayPal with its adaptive payments system. Nowadays there are a lot of other processing systems supporting this feature and you need to find the solution which will provide with the required functionality for the lowest possible price.  

Are you interested in the additional information on this issue? Check out the article at #UniPayGateway where a lot of useful tips are provided.