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Managing split settlements across multiple vendors can be a logistical headache for businesses. Whether it’s a marketplace with various sellers or a business that requires splitting payments between multiple accounts, the manual process can drain resources and time.
Enter Curlec Route, a digital payment solution specifically designed to simplify and automate the payment management process for merchants, ensuring smooth split settlements and reconciliations.
What is Curlec Route?
Curlec Route is designed for businesses operating on a two-sided platform, where customers and sellers interact. Traditionally, merchants would receive payments from customers through one system, and then manually calculate and transfer payouts to vendors through another. It’s an evidently disjointed approach, one that requires additional resources like a dedicated finance team, engineering bandwidth, or a separate system for managing payouts.
Curlec Route changes all of that by allowing businesses to split settlements seamlessly between third parties, sellers, and different bank accounts, all within one platform (the Curlec Dashboard).
Perks of Curlec Route
- Manage Linked Accounts: Add, track, and manage multiple accounts.
- Split Payments: Distribute funds to different sellers or bank accounts automatically.
- Automate Reversals: In case of refunds, Curlec Route can handle automated reversals, ensuring that payments are returned to customers seamlessly.
- Simplify Reconciliation: Merchants can move from manual reconciliation to a fully API-driven process, reducing human error and improving efficiency.
In short, Curlec Route centralises all payment management tasks, giving merchants an end-to-end view of their money flow.
Why Curlec Route is a Game Changer
The introduction of Curlec Route offers merchants the ability to simplify what used to be an overly complicated process. No longer do merchants need a separate team to calculate payouts or manage refunds. Everything is automated, providing businesses with more time to focus on growth rather than administrative tasks.
Furthermore, by reducing the reliance on manual work, Curlec Route also minimises the risk of errors, improves payout accuracy, and enhances the overall experience for both merchants and vendors. It’s a streamlined, scalable solution that can accommodate the needs of any growing platform business.
The Future of Payment Management with Curlec Route
Curlec Route marks a new era for merchants – whether you’re managing a large marketplace or a niche platform, Curlec takes the complexity out of split settlements because managing payments doesn’t have to be a burden.
