Zeller, the Australian fintech revolutionising business banking, has announced the launch of Split Payments on its Zeller Terminal. This highly anticipated feature allows customers to split payments evenly by the number of diners or by a custom value, making it easier and more convenient to settle group bills.
Split Payments offers a number of benefits for both merchants and customers. For merchants, Split Payments can help to reduce risk and increase sales. For example, if a customer doesn't have sufficient funds on one single payment method, they can use a combination of credit cards or digital wallets to pay the total. This is especially useful for businesses that sell high-priced items.
Split Payments can also help merchants to increase tips. Rather than leaving the tipping decision to one customer, each individual will be given the option of leaving a tip as they pay their share.
For customers, Split Payments offers a convenient and flexible way to settle group bills. It eliminates the need for one person to foot the entire bill and chase up others for their share. Split Payments is also a great way to ensure that everyone pays their fair share, especially when there are different dietary restrictions or price points.
To use Split Payments, merchants simply need to enable the feature on their Zeller Terminal. Customers can then split their payments by people or by amount. If they choose to split by people, Zeller Terminal will support the ability to split an amount equally by a set number of people (up to 20). If they choose to split by amount, customers can enter a value to initiate the payment.
Each split payment is treated as an individual transaction and will be shown in the merchant's transaction history list. To keep track of payments that have been split, a new Split Payment Details section has been added to the Transaction Details screen.
Zeller Terminal's Split Payments feature is a game-changer for both merchants and customers. It offers a convenient, flexible, and secure way to split group bills.
What Split Payments means for merchants
Split Payments offers a number of benefits for merchants, including:
- Reduced risk - Merchants can accept payments from multiple customers, even if one customer doesn't have sufficient funds on their payment method.
- Increased sales - Merchants can give customers the flexibility to pay with multiple payment methods, which can lead to increased sales.
- Increased tips - Split Payments makes it easier for customers to leave tips, as each individual customer can choose how much they want to tip.
- Improved customer satisfaction - Split Payments makes it easier and more convenient for customers to settle group bills, which can lead to improved customer satisfaction.
How merchants can enable Split Payments
Merchants can enable Split Payments on their Zeller Terminal by following these steps:
- Log in to the Zeller Terminal as an Admin or Manager.
- Tap Settings.
- Tap Site Settings.
- Tap Split Payments in the list.
- Enable Split Payments and Save.
- Split Payments will now be enabled on Zeller Terminals within the Site.
How customers can use Split Payments
To use Split Payments, customers simply need to select the Split button when they are ready to pay. They will then be presented with a choice of how they would like to split, by people or by amount.
If they choose to split by people, Zeller Terminal will support the ability to split an amount equally by a set number of people (up to 20). Each person will then be invited to pay their share.
If they choose to split by amount, customers can enter a value to initiate the payment. Once approved, the next payment can be started.
Customers repeat the payment process until the total amount has been completely settled.
For merchants, Split Payments can help to reduce risk, increase sales, increase tips, and improve customer satisfaction. For customers, Split Payments eliminates the need for one person to foot the entire bill and chase up others for their share. It also ensures that everyone pays their fair share, even when there are different dietary restrictions or price points.
If you're a merchant, I encourage you to enable Split Payments on your Zeller Terminal today. It's a great way to improve your business and make it easier for your customers to pay. If you're a customer, be sure to ask your next merchant if they offer Split Payments. It's a convenient and easy way to settle group bills.
