Advanced Payments is an API that allows processing payments with additional functionalities to the regular API of Payments. It currently allows to make Marketplace split payments.
Marketplace split payments
The Split Payment functionality provides a solution for Marketplace payments where the business model requires splitting money among multiple Sellers.
- A payment made by a Buyer that corresponds to a Marketplace, is divided among multiple Sellers.
- The division is made at the time of payment approval.
- There is no limit of Sellers to divide the money and the Marketplace gets a commission for each sale made.
- You can configure who pays the Mercado Pago commission.
Flexibility to apply commission
- The Marketplace retains part of the sale amount as commission.
- The commission charged by the Marketplace applies to each payment.
- This allows having different commissions for different Sellers and in turn different commissions according to the type or category of the product offered by a Seller.
Sellers Money Release
- The money of your Sellers will be released in 30 days by default.