Collecting Multiple Payments
Paynet member merchants can offer their customers the option to pay with more than one card for the same purchase.
In cases where customers' credit or debit card limits are insufficient, Paynet has developed the Split Payment method to easily receive payment from more than one card
The Split Payment method also enables payment from different people's cards for purchases such as joint gifts. Meaning, there is no need to make multiple transactions or issue different invoices.
What is Split Payment?
It is a payment method where your customers can divide their payments into parts and make them with any number of cards.
When Can Split Payment Method be Used?
When your customer has limit problems, they can use their available limits on different cards or share the payment with their friends for joint purchases such as gifts.
What are the Benefits of Split Payment?
Split Payment minimises the rate of sales abandonment and cart abandonment when the customer has insufficient funds. This increases your sales figures and customer satisfaction.
How to use the Split Payment Method?
You can use the split payment method on your online platforms or for payments made via Paylink, Paynet's link payment method. In the payments you will collect with split payment, your customer first determines the amount to be paid and then completes their payment by entering their card information.