SPARROW Split Payment - Virtual Terminal - Tutorial

Table of Contents

Purpose Statement

Split Payment Instructions

Create a new Split Funding Group

Create Group ID

Paid on total sale

Paid on shared sale

Remaining Funds

Make a Sale Transaction

Sale Payment

Pending Settlements

Split Funding Reports

Purpose Statement

Clients will have the ability to split funding between multiple parties either by a fixed amount or by a percentage.  Clients can also safely store the customers payment information and utilize the Data Vault for recurring payments.  

Split Payment Instructions

First, activate the Split Funding module in the merchant account settings by visiting the configuration page, then select the “Edit” next to the module list under one of the Merchants IDs.  Activating the module for any of the Merchant IDs will make the split payments available for all accounts that is under any given company.  Module enablement should be performed and requested to:  applications@sparrowone.com.

Create a new Split Funding Group

Create Group ID

The purpose of the Group ID is to allow the customer to group the split payments into one Sale transaction.

  1. Go to the Data Vault > Split Funding > New Group tabs
  2. Group ID – Name of the Group ID
  3. Group Description – Description of the Group ID
  4. Holdback – The amount that will be held in the Merchant’s account
    1. Holdback – Name of the Holdback amount (The Holdback would be something that would not be included as part of the calculation, cause it is being held. This amount would not be showed in the transaction report.)
    2. Split – Please select either a Fixed Amount or a Percentage (The The race portion, which would be a part of the Registration, Insurance and city permit will be included in the Total Sale.)
    3. Amount Field – Please fill in the amount that you would prefer to be held back (Once the payment of the registration comes in, it gets split up to cover the cost in the Total Shared.)
  5. Split the payment:
    1. Use split funding default company setting – This option is available in the Data Vault > Split Funding > Settings
    2. The same day as settlement – If you would prefer to settle the split funding the same day.
    3. Select the days after settlement – If you would like to default to a specific day to settle (recommended).

Paid on total sale

This section allows you to select the Clients token that is associated to their account and pay them the set total amount.  You are welcome to add one or several companies to be paid on the total sale transaction.

  1. Select the Add Customer link
  2. Client Token – Select the Client Token
  3. Payment Type – Select the Payment Type
  4. Account Name – The name of the Merchant Account
  5. Description – Description of the total sale
  6. Split Type – Select either a Fixed Amount or a Percentage
  7. Split Value – Select the amount to be paid on the total of the Sale transaction
  8. Single batch – Select if you would like to process as a single batch. Please note:  All payouts are grouped into a single Credit (number of transactions) deposits.

Paid on shared sale

This section allows you to select the Clients token that is associated to their account and pay them from the shared transaction amount.  You are welcome to add one or several companies to be paid on the shared sale transaction.

                

Customer A:

  1. Select the Add Customer link
  2. Client Token – Select the Client Token
  3. Payment Type – Select the Payment Type
  4. Account Name – The name of the Merchant Account
  5. Description – Description of the total sale
  6. Split Value – Select the amount to be paid on the total of the Sale transaction
  7. Single batch – Select if you would like to process as a single batch. Please note:  All payouts are grouped into a single Credit (number of transactions) deposits.

Customer B:

  1. Select the Add Customer link
  2. Client Token – Select the Client Token
  3. Payment Type – Select the Payment Type
  4. Account Name – The name of the Merchant Account
  5. Description – Description of the total sale
  6. Split Value – Select the amount to be paid on the total of the Sale transaction
  7. Single batch – Select if you would like to process as a single batch. Please note:  All payouts are grouped into a single Credit (number of transactions) deposits.

Remaining Funds

Please note:  DDA Account from original transaction will be noted as Reminder in Split Funding Report

Make a Sale Transaction

Sale Payment

  1. Go to the Payments > Sale tab
  2. Merchant Account – Select account with the assigned Split Funding module
  3. Credit Card Number – Enter the Credit Card Number
  4. Amount – Enter the Total Sale Amount
  5. Split Funding – Select the checkbox
  6. Split Group – Select the Split Group from the dropdown option
  7. Details – Select the Details link to view the Split Group payment information
  8. Verify the Split Group payment information
  9. Press the Pay Now button

Pending Settlements

With this option, you can automatically settled the transaction or process the settlement manually.

  1. Go to the Payments > Pending Settlements tab
  2. Merchant Account – Select the checkbox field
  3. Press the Settle button


Split Funding Reports

Depending on your settlement configuration settings, you will see the following results once your Split Status is successful

  1. Go to the Reports > Split Funding Report tab
  2. Press the Submit button
  3. There will be several transaction that have been processed successfully:
    1. Sale transaction
      1. Merchant Account: Dividend and Credit the transaction
    2. Credit transaction
      1. Holdback Amount: The amount that was held back for the Merchant Account
      2. Split Amount for Customer A: [Transaction Amount] – [Paid on Shared Amount] between these companies
  • Split Amount for Customer B: [Transaction Amount] – [Paid on Shared Amount] between these companies

                                   

 

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