splitPayments
Revenue accounting & Commission payments sorted!
With splitPayments, you can now split the payment received from consumers into parts (ticket amount, payment gateway commission, theatre commission etc.) and receive respective payments directly into the account! This makes the entire revenue realisation efficient and makes accounting and reconciliation easy! You can focus on ticketing events, while splitPayments solves the settlement part for you!
splitPayments is a SaaS solution for event organisers to solve their problem of settlement of event ticketing proceeds without any hassles!
1. Unlimited number of payment splits
2. Realisation of revenue directly into the account
3. Elaborate reporting and dashboards
Current Landscape
Ticket revenue from online payments is received as a consolidated payment and event organiser has to calculate and make payments for commissions, partners etc.
Ticket revenue
reconciliation
3-5
Working Days
(after event)
14-16K
Qualified monthly
transaction
500 INR
Average Ticket
(~50 INR Lakh monthly)
3
minimum splits for every ticket
(event owner, payment gateway, ticketing provider)
1000
events per month in a state
20%
Partner
complaints
incorrect amount,
commission etc.
Outcome
Value creation across revenue, cost and customer satisfaction
Higher revenue potential with faster realisation
70%
improvement in settlement duration
Cost optimization through efficient reconciliation
40%
efficiency gain in the first year
Partner satisfaction with superior experience