What is Cuborio® split payment
Split Payment is the world's first real-time open banking payments platform that allows you to experience effortless collection, disbursement and management of payments, eliminating fees, increasing security and improving settlement times.
Split Payment has redesigned direct-entry banking for businesses to provide Real-Time Direct Debit, Intelligent Clearance and Consent Management solutions and offers the fastest, most convenient and reliable global banking transfer capability.
How Cuborio® split payment works
Cuborio® split payment is powered by a sophisticated, yet simple API usage that links a business to customer bank accounts, enabling an almost instantaneous and super-secure direct bank transfer.
You and your customers or suppliers simply agree on the amount and number of transactions to be made and split payment does the work of collecting, disbursing and managing the payments.
The Cuborio® split payment API is easy to use and flexible for both developers and non-developers.
To work with this payment method, you can start with a very simple split by creating an account and securely accessing the accounting and banking platform. It takes less than a minute to register your account in Cuborio® and our support team is here to help you.
How do I know that my money is safe?
Split payment works by direct bank transfer. There are no deposit accounts, so the funds are only ever in your or your customers' bank accounts.
That's how it is: simple and safe.
In addition, our real-time updates let you know exactly where your money has been and where it is going. For added security, all sensitive information is encrypted and only communicated over secure channels. Your money or data could not be in safer hands.
How long does it take to receive payment?
Cuborio Payments' split payment settles between 16-36 hours, depending on which bank we are sending the money to. If you are debiting a customer directly, we will settle the funds between 36-72 hours after initiating the transaction.
No waiting time for weekly, fortnightly or monthly payments.
Are there limits on the amounts I can pay or collect?
Limitless payments. With split payments from Cuborio Payments there are no limits on the number of transactions you can make, the amounts you can collect or the variations of payments you can make or collect.
Furthermore, with our agreement function, you can set up a range of payments that you and your customers are happy to make and accept.
Split payment makes iteven easier to create flexible paymentworkflows.
How Cuborio® split payment technical support works
With in-app and in-doc messaging, you can get answers to your most pressing questions almost instantly.
Do you have questions about technical integration or how to create the best payment flows for your business?
Alternatively, send us an e-mail and we will get back to you within 24 hours.
Want to know more?
Find out how to manage your funds and the distribution of payments to your vendors.