Multi-Party Payments

Digitize and Simplify Payments to Multiple Parties

Our automated multi-party payments eliminate the challenges payors and payees face when processing transactions.

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Customer pain points

A Payor May Have to

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Connect with multiple individuals
Determine how funds should be allocated
Collect a mailing address for each payee
Print and mail checks
Manage checks inevitable returns
Manage checks inevitable returns

Few payment processes are as big a pain for payors and payees as multi-party payments

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How Payors and Payees Benefit from Automated Multi-Party Payments

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FOR Your business

Business benefits

Provide customers with a more efficient and personalized payment experience
No more multi-party checks, long payment processes, or chasing down payment details
Get rid of check printing, delayed approvals, and costly postage

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FOR payees

Payee benefits

Payees use an intuitive online portal to review and confirm payment details
They are in control of how and to whom payments are made to avoid reissuing checks
Flexibility how to receive payments
Payments are settled and deposited directly into the payee's account

Use Cases for Payors and Payees

Transcard’s multi-party payments solution is ideal for:

Tenant security refunds

Insurance payouts

Real estate settlements

Supplier payments

Service provider payments

Deposit refunds