Split payments + payouts
Single buyer transaction → platform commission + seller payout, allocated at capture. Seller settlement on your configured cadence (next-day, weekly, on-demand).
// INDUSTRIES
Payments infrastructure for two-sided marketplaces.
Split payments, seller payouts, per-seller KYB/KYC, 1099-K reporting, and chargeback allocation — purpose-built for the platform-of-record model.
// THE CHALLENGE
Marketplace payments are three problems stacked: collecting from the buyer, splitting and paying out to sellers, and handling the compliance and chargeback liability for both sides. Generic processors give you the buyer half and leave the rest as homework.
// HOW VON PAY SOLVES IT
Von's platform supports both marketplace-of-record and connected-account models. Per-seller KYB/KYC happens through Vera. Split payments allocate platform commission and seller payout at capture time. 1099-K reporting and chargeback liability are configurable per platform model.
// WHAT YOU GET
Built around how this vertical actually runs.
Per-seller onboarding via Vera
AI-driven KYB/KYC for sub-merchant sellers — qualifies, captures application data, routes to the right acquiring partner. No PDFs, no fax.
1099-K + reconciliation
Per-seller 1099-K generation per IRS thresholds. Webhook-driven settlement events feed your platform ledger with full metadata.
// COMMON QUESTIONS
What underwriting usually asks about this vertical.
- Do you support split payments / marketplace payouts?
- Yes. Split a single buyer transaction into seller payouts at capture time, with platform commission held separately. Sellers receive direct settlement to their connected bank account on your platform's configured payout schedule (next-day, weekly, or on-demand).
- Are sellers underwritten as separate merchants?
- It depends on your platform model. Marketplace-of-record platforms (you take payment, you handle compliance) keep underwriting on the platform side. Connected-account platforms (sellers as sub-merchants) get per-seller KYB / KYC handled through Vera, our AI onboarding assistant. Either path is supported — talk to underwriting about which fits your model.
- How do you handle 1099-K reporting for sellers?
- We generate per-seller 1099-K forms based on annual gross transaction volume per IRS thresholds (currently $5,000+ for tax year 2024, dropping to $600 in subsequent years). Forms are produced by January 31 for the prior tax year and delivered to sellers via your platform.
- What about chargebacks against sellers?
- Chargeback liability allocation is configured per platform — either platform-of-record (you absorb), seller-liable (deducted from seller balance), or hybrid (platform absorbs up to a reserve, then seller-liable). Built-in dispute representment workflow, plus Ethoca + Verifi alerts to catch issues before they file.
- Can buyers store cards for multi-seller checkout?
- Yes. Network tokenization stores a single buyer card that's reusable across any seller on the platform — no re-card-up per seller. Faster checkout, higher conversion on repeat purchases.
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