Update Split Settlement Rule API

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Important Note

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Overview

This API lets a platform update existing split rule against the settlement accounts and then process it for settlements.

Flow

Below is the flow for using this API

  • The platform must use the "settlement_account_urn" value which is mapped to the settlement account details. The URN can be obtained from the following APIs
  • For the "settlement_account_urn", the platform can then set the split rules either by Split Amount or Split Percentage.
  • The platform can select which settlement account can bear the commission charges that need to be covered. If the platform selects 'true', then the commission deduction will take place from that account and the remaining amount will be settled to that account. A maximum of 1 account can be marked as true for commission deduction.
  • To deactivate a split settlement rule, the split rule can be marked as false by using the "is_active" flag. If the split is deactivated and no existing split rules are enabled, then the settlement amount will be settled to the platform's settlement account by default.
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