Split funding is how RPI collects repayment. Instead of withdrawing a fixed amount from your bank account every day, your card processor sends RPI its share of each day's card sales automatically, and the rest goes to your account as usual.
How it works, step by step
- Your customers pay by card, just as they do today.
- When your processor settles the day's sales, it splits the deposit.
- RPI's agreed percentage goes to RPI. The rest goes to your business bank account.
- This repeats each day until the total payback is delivered.
An example
With a 10% daily share, an $8,000 sales day sends $800 to RPI and $7,200, less normal processing fees, to you. A $3,000 day sends $300 to RPI and $2,700 to you.
Why it's better than fixed daily withdrawals
Many funders pull the same fixed amount from your bank account every business day, whether you had a great day or a terrible one. On a slow day, that withdrawal can overdraw your account and trigger bounced-payment fees.
Split funding avoids that. Payments are taken from sales as they happen, so a slow day simply means a smaller payment.
Common questions
- Will my customers notice? No. Nothing changes at the register or on their receipts.
- What about cash and check sales? Only card sales are split. Your offer is sized so the daily share works with your card volume.
- What if my processor doesn't offer split funding? We can introduce you to a processor that does.