PayUbiz launches a novel payment solution for eCommerce businesses

The new feature enables online retailers to disburse payments to multiple sellers by splitting a single transaction collected from customers to settle all entities involved.
Pay Ubiz

Gurgaon-based payment gateway provider, PayUbiz has recently come up with a first-of-its-kind payment settlement solution called ‘SplitSettle’ for online marketplace. The new feature enables online retailers to disburse payments to multiple sellers by splitting a single transaction collected from customers to settle all entities involved.
With its newly launched payment settlement feature, Pay Ubiz aims at streamlining the payment settlement process with sellers and transform the traditional settlement process between the seller and marketplace in India. It also provides smart analytics to help eCommerce players gain deep insights on the data.
Speaking on the launch, Rahul Kothari, Head of Business, PayUbiz, said, “The payments infrastructure currently being leveraged for settlements between marketplace and sellers in India is extremely disjointed and time-consuming. The ‘SplitSettle’ feature has been launched as a first-of-its-kind initiative to eliminate this particular gap.”
“By streamlining and optimising the seller-marketplace settlement process, we are confident that we will add much value to the online businesses,” he added.
PayUbiz’ ‘SplitSettle’ provides a centralized dashboard for online marketplaces to grant full control to process refunds and payouts. Moreover, the feature also provides sellers with the ability to easily track their transactions and settlements. Leveraging the cutting edge technology, PayUbiz’s ‘SplitSettle’ can be implemented across industries such as e-commerce, education, healthcare, food tech, real estate, fashion etc.

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