SplitSum vs Payment Labs

With SplitSum, accept card payments and instantly pay independent contractors their share, automatically. Utilising the power of Stripe, SplitSum gives you a no-code terminal solution for accepting payments that split with independent contractors. No more accepting money on their behalf and paying them out with manual bank transfers. You can even set up your own booking pages. Set your splits and let SplitSum and Stripe do the rest!

The Payment Labs app lets you receive payments from organizations using the platform and pay fees to them. The app gives athletes, competitors, creators, contractors, vendors, and other individuals and businesses one place to complete account setup, manage payment and tax information, and track transactions. With the Payment Labs app, you can: - Receive prize money, competition winnings, earnings, contractor and vendor payments, and other payouts - Pay registration fees, entry fees, and other charges - Complete identity verification and submit required tax information - Add or update your preferred payment method - Track pending, completed, and returned payments - View your transaction history and available tax documents - Update your account information and payment details - Contact Payment Labs support Available payment methods, currencies, fees, and processing times vary by location and transaction type.