{"id":3695,"date":"2021-06-15T14:11:44","date_gmt":"2021-06-15T08:41:44","guid":{"rendered":"https:\/\/cashfree.com\/blog\/?p=3695"},"modified":"2023-01-04T13:04:41","modified_gmt":"2023-01-04T07:34:41","slug":"split-payment-platform","status":"publish","type":"post","link":"https:\/\/blogrevamp.cashfree.com\/split-payment-platform\/","title":{"rendered":"[What\u2019s New] Introducing Easy Split &#8211;  Complete Marketplace Payment Management Platform"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a8ede1d7ca1b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #364250;color:#364250\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #364250;color:#364250\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a8ede1d7ca1b\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blogrevamp.cashfree.com\/split-payment-platform\/#Introducing_Easy_Split\" >Introducing Easy Split!<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blogrevamp.cashfree.com\/split-payment-platform\/#Heres_how_Easy_Split_works\" >Here\u2019s how Easy Split works<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/blogrevamp.cashfree.com\/split-payment-platform\/#Top_benefits_of_using_Cashfree_Easy_Split\" >Top benefits of using Cashfree Easy Split<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/blogrevamp.cashfree.com\/split-payment-platform\/#Who_can_use_Easy_Split\" >Who can use Easy Split?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/blogrevamp.cashfree.com\/split-payment-platform\/#Marketplace_Aggregators\" >Marketplace Aggregators<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/blogrevamp.cashfree.com\/split-payment-platform\/#Edtech_platforms\" >Edtech platforms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/blogrevamp.cashfree.com\/split-payment-platform\/#On-demand_services\" >On-demand services<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/blogrevamp.cashfree.com\/split-payment-platform\/#Multi-branch_outlets\" >Multi-branch outlets<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<p class=\"wp-block-paragraph\">The ecommerce industry had a drastic growth with the emergence of online marketplaces, a form of multi-brand e-outlets. The online marketplaces helped customers choose from a variety of options, from different sellers, in turn helping the merchants drive more revenue. There are different types of marketplaces prevalent in the current ecommerce market specific to different industries like, fashion marketplaces, edtech platforms, financial services marketplaces, on-demand marketplaces such as food delivery\/flight ticket booking etc.&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">All the marketplaces have complex payment process, compared to what a traditional website would have. The payment ecosystem for a typical online marketplace would have the following requirements,<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Collection of payment from customer<\/strong><\/li>\n\n\n\n<li><strong>Commission calculation and disbursal of adjusted proceeds to vendor partners or sellers<\/strong><\/li>\n\n\n\n<li><strong>Refund management<\/strong><\/li>\n\n\n\n<li><strong>Reconciliation for accounting and audit purposes<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The major challenge for online marketplaces is the manual work of splitting the payment with different vendors, settling the amount to the vendors, and handling refunds for payments that have already been split. Most of the online marketplaces handle these processes manually, and this involves a lot of resources being spent on redundant bookkeeping rigmaroles.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This calls for&nbsp;a more powerful payment ecosystem that understands the entire payment flow. <strong>Enter, Easy Split<\/strong> by Cashfree.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" width=\"770\" height=\"403\" data-attachment-id=\"3698\" data-permalink=\"https:\/\/blogrevamp.cashfree.com\/split-payment-platform\/easy-split-blog-june\/\" data-orig-file=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2021\/06\/Easy-Split-Blog-June.png?fit=1200%2C628&amp;ssl=1\" data-orig-size=\"1200,628\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Easy-Split-Blog-June\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2021\/06\/Easy-Split-Blog-June.png?fit=770%2C403&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/cashfree.com\/blog\/wp-content\/uploads\/2021\/06\/Easy-Split-Blog-June-1024x536.png?resize=770%2C403&#038;ssl=1\" alt=\"\" class=\"wp-image-3698\" srcset=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2021\/06\/Easy-Split-Blog-June.png?resize=1024%2C536&amp;ssl=1 1024w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2021\/06\/Easy-Split-Blog-June.png?resize=300%2C157&amp;ssl=1 300w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2021\/06\/Easy-Split-Blog-June.png?resize=768%2C402&amp;ssl=1 768w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2021\/06\/Easy-Split-Blog-June.png?w=1200&amp;ssl=1 1200w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introducing_Easy_Split\"><\/span><strong>Introducing Easy Split!<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Easy Split is a complete marketplace payment management platform that helps online marketplaces split incoming customer payments to multiple vendors or sellers, or bank accounts with the help of a powerful API integration. With Easy Split, businesses can enjoy complete control over payment collection, settlement schedules, refunds and payment reconciliations.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Easy Split, as a platform, can help businesses integrate their own payment collection solution with Easy Split and automate splitting of payments to their sellers or service providers.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Heres_how_Easy_Split_works\"><\/span><strong>Here\u2019s how Easy Split works<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img data-recalc-dims=\"1\" decoding=\"async\" data-attachment-id=\"3697\" data-permalink=\"https:\/\/blogrevamp.cashfree.com\/split-payment-platform\/easy-split\/\" data-orig-file=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2021\/06\/Easy-Split.gif?fit=1288%2C508&amp;ssl=1\" data-orig-size=\"1288,508\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Easy-Split\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2021\/06\/Easy-Split.gif?fit=770%2C304&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/cashfree.com\/blog\/wp-content\/uploads\/2021\/06\/Easy-Split-1024x404.gif?resize=740%2C292&#038;ssl=1\" alt=\"\" class=\"wp-image-3697\" width=\"740\" height=\"292\" srcset=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2021\/06\/Easy-Split.gif?resize=1024%2C404&amp;ssl=1 1024w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2021\/06\/Easy-Split.gif?resize=300%2C118&amp;ssl=1 300w, https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2021\/06\/Easy-Split.gif?resize=768%2C303&amp;ssl=1 768w\" sizes=\"(max-width: 740px) 100vw, 740px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">For instance, let&#8217;s consider an online food delivery application called Cloud Kitchen. Cloud Kitchen lets customers search for the local restaurants around them and order their favourite food. A food valet is then assigned to get the cooked food delivered to the customer from the restaurant. Essentially, there are three parties involved in getting the food to reach the customer: The restaurant, the food valet, the Cloud Kitchen app.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here&#8217;s how Easy Split handles the payment process for Cloud Kitchen, <\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img data-recalc-dims=\"1\" decoding=\"async\" data-attachment-id=\"3746\" data-permalink=\"https:\/\/blogrevamp.cashfree.com\/split-payment-platform\/easysplit-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2021\/06\/Easysplit-2.gif?fit=750%2C452&amp;ssl=1\" data-orig-size=\"750,452\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Easysplit-2\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/blogrevamp.cashfree.com\/wp-content\/uploads\/2021\/06\/Easysplit-2.gif?fit=750%2C452&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/cashfree.com\/blog\/wp-content\/uploads\/2021\/06\/Easysplit-2.gif?resize=653%2C394&#038;ssl=1\" alt=\"\" class=\"wp-image-3746\" width=\"653\" height=\"394\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Top_benefits_of_using_Cashfree_Easy_Split\"><\/span><strong>Top benefits of using Cashfree Easy Split<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Multichannel payment collection in more than 120 payment modes<\/li>\n\n\n\n<li>Simplified vendor onboarding process<\/li>\n\n\n\n<li>Automatic splitting of vendor payments and marketplace commissions based on predefined rules<\/li>\n\n\n\n<li>Customized settlement cycle for different vendors and service providers. Flexibility of processing settlements via bank account or UPI ID<\/li>\n\n\n\n<li>Automatic refund adjustments after vendor settlements&nbsp;<\/li>\n\n\n\n<li>Real-time reporting of transactions, settlements, refund, and vendor payments and adjustments<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_can_use_Easy_Split\"><\/span><strong>Who can use Easy Split?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Easy Split can be used to automate the complex payment processes for a wide range of businesses, like,&nbsp;<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Marketplace_Aggregators\"><\/span><strong>Marketplace Aggregators<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Online businesses that sell multiple products from different vendors or sellers can now use Easy Split to manage splitting of incoming customer payments with ease. The businesses can also manage settlement cycles, commission deductions, and real-time reports for these vendor payments from within the dashboard.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Edtech_platforms\"><\/span><strong>Edtech platforms<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Online edtech platforms that offer courses with different professors or instructors can use Easy Split to collect payments from students and split it with the instructors after deducting applicable commission.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"On-demand_services\"><\/span><strong>On-demand services<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Service providers like cab booking, flight booking, food delivery etc can now take bookings and automate the splitting of incoming customer payments to the respective service providers with the help of Easy Split.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Multi-branch_outlets\"><\/span><strong>Multi-branch outlets<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Businesses that centrally manage payment collections for all their branches, like an online beauty product store or a pizza delivery store, can now make use of Easy Split to collect payment via website from all customers and route the incoming payments to their individual stores.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">No more complex marketplace payment flows. With Cashfree\u2019s Easy Split, you can be rest assured that the entire vendor management flow will be personalized and efficient.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you would like to understand how Easy Split can simplify your complex payment flows, please <a href=\"https:\/\/blogrevamp.cashfree.com\/easy-split\/split-payment-gateway\" target=\"_blank\" rel=\"noreferrer noopener\">sign up here<\/a>. Click <a href=\"https:\/\/dev.cashfree.com\/easy-split\">here to checkout the developer documentation<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ecommerce industry had a drastic growth with the emergence of online marketplaces, a form of multi-brand e-outlets. The online marketplaces helped customers choose from a variety of options, from different sellers, in turn helping the merchants drive more revenue. There are different types of marketplaces prevalent in the current ecommerce market specific to different<\/p>\n","protected":false},"author":15,"featured_media":3698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1,1372],"tags":[1522,1379,1381,1395],"class_list":["post-3695","post","type-post","status-publish","format-standard","has-post-thumbnail","category-all","category-updates","tag-cashfree-payments","tag-online-payment-gateway","tag-payment-solution","tag-split-payment-gateway"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - 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