Creating An Event
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      3. Creating An Event

      Splitting Event Payments Between Two Bank Accounts

      Split payment is a feature that allows you to divide the revenue generated from event ticket sales between two distinct bank accounts. This can be particularly useful in scenarios where multiple stakeholders, such as organisers and third parties, are involved, and you want to allocate funds to each party based on predetermined criteria.

       

      To split the event ticket sales between two bank accounts please follow these steps.

      • Login to your Sticky Tickets account
      • Select the event for which you would like to split the payments 
      • Select Edit Event
      • Scroll down to the Split Payments section
      • Click on Edit icon

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      • In the Split Payments settings. select Split Payments

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      • Enter the Banking Details (the email address entered will be sent a payment summary once the transfer has been made. The event organiser will also be sent a copy) 

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      • Enter the details of how you would like the payments to be split. 

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      Distribution Priority:

      • Determines the order in which the system allocates payments.
        • If you choose "Organiser," the specified settings below will be paid to the organiser, with the remaining funds sent to the 3rd party's banking details.
        • If you opt for "Third Party," you'll need to input a fixed amount, which will be directed to the 3rd party's banking details.

      Split Type:

      • Appears only when Distribution Priority is set to "Organiser."
        • If you select "Percentage," input the percentage for the split (e.g., 50% split between Organiser and 3rd party account).
        • If you choose "Fixed Amount," enter an amount (per ticket sold) that will be paid to the organiser initially, with the remaining funds directed to the 3rd party account.

      This system flexibility allows you to precisely define how ticket sales revenue is distributed between the organiser and any designated third parties.


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      • Fixed Cost (from total sales) - this is optional (can be left blank). This allows you to set an amount to be deducted from ticket sales before any split payments are made

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      • Once settings are all filled in, click the Save Changes button.

       

      If you have any questions about split payments or anything else, please don't hesitate to contact us any time and we'd be more than happy to help.