Use Case: Set Up Profit Sharing

Owned by Miles Graves
Feb 09, 2024
3 min read

You can configure splits for income, expenses, or both with a Merchant or group by setting up Profit Sharing. Profit Sharing allows any income or expense to be split between entities. This tutorial will walk you through the steps to set up a new profit share for an individual Merchant and a group.

Screenshot 2024-01-18 095515 uc prof share.png
Partial view of the Profit Shares tab.

Objective

Create a new profit share that splits income, expenses, or both with a Merchant or group of users.

Audience

  • Facilitators

  • Referrers

Environment

  • Portal (Sandbox)

  • Portal (Production)

Prerequisites

  • You must have a fully boarded Payrix account to perform any of the actions described in the use case guides.

Tips

Tips will provide suggestions to streamline or better prepare you to apply this use case tutorial.

Tip: If you’re unsure of how much to charge for a specific fee type, refer to the Visa and MasterCard card brand network guidelines.

Additional Resources

  • For more information about different billing structures and profit sharing, see the Billing page.

  • For more details about Profit Sharing, see the Understanding Profit Sharing page.

Set Up a Profit Share

Set Up a Profit Share for a Group of Merchants

1. Open the Group Profile

  • Step 1: Click GROUPS in the left-hand navigation panel to open the Groups page.

  • Step 2: Locate the group in the table and click on any information in the table row to open the Group Profile page.

2. Add a Profit Share to the Group Profile

  • Step 1: Click PROFIT SHARES in the list of tabs on the left-hand side of the page.

  • Step 2: Click the ADD PROFIT SHARE button in the upper right-hand corner of the page to open the Add a Profit Share lightbox on the page.

  • Step 3: Select the type of profit share from the Type drop-down menu. Choose from the following:

    • Income

    • Expense

    • Both

  • Step 4: Enter a percentage amount in the Amount field.

  • Step 5 (Optional): Enter a name for the new profit share in the Name field.

  • Step 6: Select the user ID for the profit-sharing entity from the Login drop-down menu. This is the user ID that is used by the profit-sharing entity to log in to the portal.

  • Step 7 (Optional): Enter a description of the new profit share in the Description field.

  • Step 8: Click ADD to save the new profit share.

  • Result: The new profit share is now active and visible in the group profile Profit Shares tab.

Set Up a Profit Share for an Individual Merchant

1. Open the Merchant Profile

  • Step 1: Click MERCHANTS in the left-hand navigation panel to open the Merchants page.

  • Step 2: Locate the Merchant in the table and click on any information in the table row to open the Merchant Profile page.

2. Add a Profit Share to the Merchant Profile

  • Step 1: Click PROFIT SHARES in the list of tabs on the left-hand side of the page.

  • Step 2: Click the ADD PROFIT SHARE button in the upper right-hand corner of the page to open the Add a Profit Share lightbox on the page.

  • Step 3: Select the type of profit share from the Type drop-down menu. Choose from the following:

    • Income

    • Expense

    • Both

  • Step 4: Enter a percentage amount in the Amount field.

  • Step 5 (Optional): Enter a name for the new profit share in the Name field.

  • Step 6: Select the user ID for the profit-sharing entity from the Login drop-down menu. This is the user ID that is used by the profit-sharing entity to log in to the portal.

  • Step 7 (Optional): Enter a description of the new profit share in the Description field.

  • Step 8: Click ADD to save the new profit share.

  • Result: The new profit share is now active and visible in the Merchant profile Profit Shares tab.

Next Steps

Once the new profit share is added, review the following use case guides for additional information on related topics:

  • Enable Transaction Event Alerts: Create an email alert that will trigger when you or one of your users create or update a transaction using the Enable Transaction Event Alerts use case.

Conclusion

Once the profit share is created, it will automatically trigger with the activity of the associated Merchant.

References

Click the links or items below to access any of the following pages:

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