Transfers Overview

  1. If a school has more than one bank accounts used for online payment gateway, they can use Split payment functionality.
  2. Razorpay provides such feature in which School can choose to link more than one account to the main merchant account.
  3. This solution is fit for any Schools that need to disburse payments in the one-to-many model.
  4. Note that, the service provider would charge a certain premium service charge for all the transactions based on the no. of linked accounts. Kindly go through the service agreement before you opt for Split payment.
  5. Based on the Bank-Fee mapping of the linked account, the money will be transferred to the linked account using Transfer functionality for all the online fee payments. The system takes care of initiating the transfers automatically.
  6. Once, transfer request has been generated, it can be seen on this page.
  7. All the details are shown so that a user can understand the details of the transfer:
    1. Payment Origin: Payment origin informs on the details of the payment service provider.
    2. Attempt Id: Attempt ID is the ID generated internally for every transfer request sent to the payment service provider.
    3. Transfer ID: Unique ID generated by the payment service provider to get the details of the transfer from them.
    4. Payment ID: This is the payment transaction ID given by the payment service provider for which the transfer has been initiated.
    5. Linked ID: This is the account ID of the linked account as given by the Razorpay. The linked account is the account in which the transfer amount is going to be deposited.
    6. Created date: This is the date of creation of the transfer request
    7. Student details: This gives details of the student who had done the fee payment.
    8. Amount: This is the amount that would be transferred to the linked account based on the configuration.
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