Split settlement is one of the settlement payment methods provided by senangPay to make payments to multiple sub merchants listed under the merchant. The payments are divided according to the prescribed fractions and agreed upon by merchants and sub merchants.
How Split Settlement Calculated
A transaction amount divided into appointment sub merchant respectively. For example the amount of a product set to RM 1000.
|Sub Merchant||Merchant A||Merchant B||Merchant C||Merchant D|
|Amount||RM 200||RM 100||RM 100||RM 600|
|Transaction mode: FPX (1.5%)||RM 3||RM 1.50||RM 1.50||RM 9|
|Nett amount||RM 197||RM 98.50||RM 98.50||RM 591|
The amount received by the sub merchant based on the percentage agreed upon registration under the merchant.
Do note that only FPX payment method is available for sub-merchant payment form.
Package Applicable for Split Settlement Subscription
|Master Merchant||Sub Merchant|
|Subscription applicable to Advance Package or Special Package||Minimum Basic Package is required|
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