Features
- Add and manage Linked Accounts.
- Split payments and transfer funds to multiple Linked Accounts.
- Reverse transferred funds and manage customer refunds with automated reversals.
- Manage Linked Account settlements.
- Move from manual and file-based reconciliation to an entirely API-driven process.
Advantages
- Instant Transfers: Instant transfers, ensuring recipients receive payments promptly. Beneficial for businesses and individuals who rely on timely disbursements
- Multiple Payment Transfers: Splits payments into various portions for seamless transfer to multiple parties — ideal for marketplaces where sellers, service providers and platform owners receive their respective shares.
- Easy Integration: Seamlessly integrates into existing payment systems via APIs, enhancing payment capabilities without major system changes.
- Transparent Reporting and Settlements: Comprehensive reporting and analytics for tracking transactions, transfers and settlements.
Prerequisites
You should add Linked Accounts using the Dashboard or APIs before using Route.How Route Works
Given below is the funds flow in Route:1
Step 1
A customer makes a purchase on your site.
2
Step 2
You can choose to:
- Initiate transfer of funds to Linked Accounts.
- Defer the transfer settlement.
- Define a custom delay period for settlement.
3
Step 3
Razorpay settles funds to the Linked Account and sends a webhook notification to you.
Get Started
To get started with Route:- Log in to the Dashboard and click Route under PAYMENT PRODUCTS.
- After log in, you should add linked accounts to start using Route. Refer to the Linked Accounts page for more information.
- Once Linked Accounts are added, you can then start creating transfers to those accounts. Refer to the Transfer Funds to Linked Accounts page for more information.