What are split payments?

PayStand has utilized a creative strategy unique to our industry, of processing payments among multiple banking partners. This allows PayStand to offer both lower transaction rates and a greater variety of features and payment methods( like multi-currency presentment) to our merchants.

In our back office, funds are allocated from your total pool of money to transfer to your bank account. This process absolutely ensures all payments and all funds are distributed as required. A by-product of our processes can be that dollars from a payment can sometimes be allocated to more than one transfer (hence, the payment is split over those transfers).

A by-product of this flexibility is that a transfer report will occasionally have a split payment.

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