Split Payment - Addon

Split Payment - Addon

A Split Payment Add-on is a feature that allows a single payment to be divided across multiple parties or payment methods. This is commonly used in scenarios where a purchase needs to be shared or paid by more than one person, or when a customer wants to use more than one payment method (e.g., part credit card, part digital wallet, or part gift card). It can be an essential tool for businesses that offer shared experiences, group purchases, or wish to offer more flexible payment options.

Here’s a breakdown of the key features and benefits of a Split Payment Add-on:

Key Features of a Split Payment Add-on:

1. Multiple Payment Method Support:

• Split by Payment Method: Allows customers to use different payment methods for a single transaction. For example, a customer could pay part of their bill with a credit card, part with PayPal, and another part with a gift card or store credit.
• Payment Method Flexibility: Supports various payment methods including credit/debit cards, digital wallets (e.g., Apple Pay, Google Pay), bank transfers, and cash vouchers, enabling customers to choose their preferred payment options.

2. Multiple Payers for a Single Purchase:

• Group Payments: A common use case for this feature is allowing multiple people (e.g., in a group or family) to contribute towards a shared purchase. This could be useful in scenarios like paying for a group event, a shared subscription, or even gifts.
• Invite to Pay: In group payment situations, users can invite others to contribute to the payment. The system will send reminders or notifications to all involved parties until the full amount is covered.
• Payment Splitting for Shared Services: For services such as dinner reservations, travel bookings, or subscription services, customers can split the payment between multiple people who are all part of the same transaction.