This feature is not applicable for Recurring Subscription/ Instalment and Product Collection

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
Percentage 20% 10% 10% 60%
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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