United Thinkers Introduces Split Payment Logic for Recurring Billing
United Thinkers added new split payment logic for recurring billing to its flagship gateway product, UniPay Gateway
New York, NY – (March 5, 2018): United Thinkers, a New-York based commercial open-source Payment Management Software provider adds split payment logic for recurring billing to the existing functionality of its core UniPay Gateway product. The new logic is targeted at recurring payments; it provides the opportunity to split recurring payment amounts among multiple recipients. The already existing logic allows UniPay Gateway platform to split online payments processed in real time, and is especially convenient for online marketplaces.
Affiliate marketing mechanism, used by online stores and marketplaces, is an important factor, driving increase of the online sales, and split payment logic is its key component, allowing for proper distribution of commissions between all parties involved. However, nowadays, more and more online businesses, including e-commerce web-sites selling different kinds of consumer products (especially, expendable ones) face the need to implement recurring payment models. One of the challenges that payment systems face is the need to pay affiliate commissions on recurring basis each time a payment is collected. With addition of the new logic, United Thinkers solves this problem and opens new horizons of flexibility to the users of UniPay Gateway platform.
“Introduction of split payment logic into recurring billing scenarios is an important step for us. From architectural viewpoint we are trying to organize our platform in such a way that our clients could get maximum control over both incoming transactions and deposits made to sub-merchants and affiliates” says United Thinkers president, Eugene Kipnis. “This new logic provides additional flexibility that so many of our customers are looking for”.
The new split payment logic enriches the currently available arsenal of recurring payment processing tools, supported by UniPay Gateway. Among them are decline recycling, account updater, support of card payments and bank transfers in North America, Europe, and Australia.
The appeal of the UniPay Platform is the open-source nature, affordable cost, robust omni-channel feature set, as well as the advanced API’s and a wide variety of Code Samples for easy integrations.
The components of UniPay are UniCharge, UniBill, and UniRead Modules (UniPayGateway.com):
UniPay Gateway platform has numerous APIs, its own EMV terminal solution, and mobile solution. It is integrated with all major processors and payment facilitation platforms in North America.
To receive more information, please contact sales@UnitedThinkers.com
About United Thinkers
United Thinkers is an enterprise software development company that specializes in payment gateway technology development. The UniPay Gateway is the company’s flagship product. For more information about the payment processing vision of UniPay, please visit our blog at Paylosophy.com