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Split payment
Split payment (a.k.a. Split payment transaction) is the financial term for the act of splitting (dividing) a single and full amount of payment in two or more simultaneous transactions made by different payment methods. For example: split payment of a $100 to a retail shop can be done when the customer pays $50 in cash and $50 by credit card.
Split payment is not installment (a.k.a. Hire purchase), where payments are done periodically with the same payment method.
== History ==
With the era of global trade, the financial possibilities grew and with them the challenges of collecting payments. The global markets made open and the consumer gained an increased buying power. In local and international transaction merchants are required to provide consumers with multiple payment options - this is not only a service required by consumers, it is a must-have for merchants in order to convert their products/services into cash. Statistically, the more payment options a merchant is able to offer, the likelihood of reaching more consumers increases.
The various payment methods available world-wide is overwhelming, nevertheless the payment methods available in a specific market are influenced by the local laws, legislations, culture and level of development. For merchants this creates a challenge of adapting their systems to accept a wide range of payment methods in order to enter a market with their offerings.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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