Split payments payment gateway for marketplace site

Joined
Nov 24, 2017
Messages
2
#1
Hi everyone,

i was hoping someone could shed more light on this,

I have developed a marketplace website [People sign up to sell and users buy]
Currently - They pay me, goes into one account and then manually pay the vendors, which is not the best way to do things,

I have heard sage pay and myGate has something to cater for this, but i can't find an article.

Does anyone know how i can use the split pay method for payments processing, whereby a vendor sells a product and the user buys the product (lets say, R50) so R40 goes to the vendor and R10 comes to my company

Is there a payment vendor for such an idea?

Thanks in advance guys!
W
 

John_Phoenix

Well-Known Member
Joined
Jul 8, 2017
Messages
329
#2
Sage should definitely be able to help you. Ask them directly, they'll also be able to supply you with api docs for integration, so you hit the ground running. Good luck!
 
Joined
May 3, 2017
Messages
2,336
#3
Yep, best would be to contact them about it.

Adaptive Payments have been around for some time on platforms such as Paypal, but is still limited to certain groups of vendors and users. I have coded a number of these scripts for websites accepting Paypal. Not sure about how far Sage or MyGate would be with theirs, and if they even have it implemented as yet.
 
Joined
Nov 24, 2017
Messages
2
#5
Sage should definitely be able to help you. Ask them directly, they'll also be able to supply you with api docs for integration, so you hit the ground running. Good luck!
I will give them a shout out and see what they have to say,
One of them have to be doing this, becasue Uber SA is using some type of payment splitting module

Payfast - i called them, no luck - they dont offer it
 

P00HB33R

Senior Member
Joined
Jul 15, 2010
Messages
667
#6
Peach Payments support Bank Payouts (EFT) & PayPal. So you could split the payment on your system, and throught their api load the payout for supplier, then process once payment has been confirmed from user.
 

envo

Expert Member
Joined
Jan 14, 2014
Messages
2,722
#7
Even though split payments may make sense in this regard, it might complicate any refunds. The model that worked for a company that did this exact same thing is to pay vendors monthly in arrears. This sucks for the vendor for the first month as they have to send goods without immediate payment, but it helps to alleviate any accounting headaches, and you save time/effort and pay them a once-off value at the end of the month.

Uber works this way, they don't pay the driver immediately after a trip, they pay them weekly (I believe), even ones where you share/split payment to the driver, their system splits it to your user account and your user account pays for it. *edit* And then Uber pays them a lump sum
 
Last edited:
Joined
May 3, 2017
Messages
2,336
#8
Even though split payments may make sense in this regard, it might complicate any refunds.
That is the biggest problem with websites based on this model. It becomes worse as time goes by and the website grows with more users. Eventually, they all change and move away from the split payment model.
 
Joined
Mar 20, 2018
Messages
2
#9
Hi Waseem,

I have the same problem.

Online marketplace built in Wordpress/Woocommerce. For legal purposes it would be safer splitting the payments upfront and not receiving the vendors money to my account.

I would only want to receive my commission, and the vendors must receive their part of the payment immediately/instantly.

Woocommerce Vendors Pro has this functionality, but depends on that functionality being available with your payment gateway..

Can you please offer some advice. Did you get any answers from Sage or MyGate? Any other gateways in SA offering Split/Adaptive Payments?

The bigger providers from overseas not available here. Stripe/MangoPay/WePay/Paypal Adaptive Payments..

Thanks in advance
Reynier
 
Joined
Aug 31, 2018
Messages
1
#11
Hi All.
Slide Financial have just launched a service called Slide Link, which is a payment system for marketplaces and platforms. Slide Link allows you to route payments to multiple accounts, hold payments in escrow, and move money between digital wallets. It is pretty similar to Stripe Connect in the US, except that it is a local (South Africa) company.

Slide's first product was a P2P payments app (see www.getslideapp.com). Contact them at info@getslideapp.com to get more info about Slide Link.
 
Joined
Nov 18, 2018
Messages
24
#12
Hi All.
Slide Financial have just launched a service called Slide Link, which is a payment system for marketplaces and platforms. Slide Link allows you to route payments to multiple accounts, hold payments in escrow, and move money between digital wallets. It is pretty similar to Stripe Connect in the US, except that it is a local (South Africa) company.

Slide's first product was a P2P payments app (see www.getslideapp.com). Contact them at info@getslideapp.com to get more info about Slide Link.
Exactly what I've been looking for. Thanks for sharing this.
 
Top