You can configure splits for income, expenses, or both with a Merchant or group by setting up profit sharing. Profit sharing allows any income or expense to be split between entities. This tutorial walks you through the steps to set up a new profit share for an individual Merchant and a group.
Objective
Create a new profit share that splits income, expenses, or both with a Merchant or group of users.
Audience
Partners
Environment
Portal (Sandbox)
Portal (Production)
Prerequisites
Notes
You must have a fully boarded Payrix Pro account to perform any of the actions described in the use case guides.
Tips
Tip
If you’re unsure of how much to charge for a specific fee type, refer to the Visa and MasterCard card brand network guidelines.
Additional Resources
See the tips below to help you get started.
For more information about different billing structures and profit sharing, see Billing.
For more details about profit sharing, see Understanding Profit Sharing.
Set Up a Profit Share
Ensure that you complete all steps in a section to enable that profit share type.
Set Up a Profit Share for a Group of Merchants
Open the Group Profile
Click GROUPS in the left navigation panel to open the Groups page.
Locate the group in the table and select any information in the table row to open the Group Profile page.
Add a Profit Share to the Group Profile
Click PROFIT SHARES in the list of tabs on the left side of the page.
Click the ADD PROFIT SHARE button in the upper-right corner of the page to open the Add a Profit Share lightbox on the page.
Select the type of profit share from the Type dropdown menu. Choose from the following:
Income
Expense
Both
Enter a percentage amount in the Amount field.
(Optional) Enter a name for the new profit share in the Name field.
Select the user ID for the profit-sharing entity from the Login dropdown menu. This is the user ID that is used by the profit-sharing entity to log in to the portal.
(Optional) Enter a description of the new profit share in the Description field.
Click ADD to save the new profit share.
Result: The new profit share is active and visible in the group profile Profit Shares tab.
Set Up a Profit Share for an Individual Merchant
Open the Merchant Profile
Click MERCHANTS in the left navigation panel to open the Merchants page.
Locate the Merchant in the table and select any information in the table row to open the Merchant Profile page.
Add a Profit Share to the Merchant Profile
Click PROFIT SHARES in the list of tabs on the left side of the page.
Click the ADD PROFIT SHARE button in the upper-right corner of the page to open the Add a Profit Share lightbox on the page.
Select the type of profit share from the Type dropdown menu. Choose from the following:
Income
Expense
Both
Enter a percentage amount in the Amount field.
(Optional) Enter a name for the new profit share in the Name field.
Select the user ID for the profit-sharing entity from the Login dropdown menu. This is the user ID that is used by the profit-sharing entity to log in to the portal.
(Optional) Enter a description of the new profit share in the Description field.
Click ADD to save the new profit share.
Result: The new profit share is active and visible in the Merchant profile Profit Shares tab.
Next Steps
After adding the new profit share, review the following use case guide for additional information on related topics:
Enable Transaction Event Alerts: Create an email alert that triggers when you or one of your users create or update a transaction.
Conclusion
After the profit share is created, it will automatically trigger with the activity of the associated Merchant.