Pay commissions, handle clawbacks, split fees cleanly
Broker money is mostly payouts: commissions out to introducers, fees split between parties, and the occasional clawback when a deal unwinds. Each one needs to be referenced to the deal and reconciled, or your commission ledger is an argument waiting to happen.
Payouts, splits and clawbacks
When a deal completes, commission is due, often split between an introducer, the broker and sometimes a network. Those payouts have to be accurate, prompt and referenced to the deal.
Clawbacks run the other way: a deal unwinds inside its clawback period and commission has to be recovered, which means tracking what was paid, to whom, against which deal.
Do this across many deals and parties on an ad-hoc basis and the commission ledger drifts, with disputes over who was paid what for which case.
The payment mix that fits
Not one rail. The two to four that match how money actually moves here.
Hold and reconcile each deal, so commissions and splits are referenced to the case.
Pay introducers and split fees the same day, correctly referenced.
Your flow of funds, orchestrated
Each deal sits in a settlement account. On completion, commission is paid out over Faster Payments, split between introducer, broker and network as agreed, each payout referenced to the deal. If a deal unwinds in its clawback period, the recovery is tracked against the same deal. Payouts, splits and clawbacks reconcile per deal on one ledger, so the commission position is clear and uncontested.
Every book moves money differently. We map your flow of funds and quote one integration across the rails that fit.
Related
Payments for commercial brokers and introducers: FAQs
Each deal sits in a settlement account, and commission is paid out over Faster Payments split between the parties as agreed, each payout referenced to the deal and reconciled on one ledger.
Against the same deal the commission was paid on, so what was paid, to whom and for which case is clear, and recovery reconciles on the same ledger.
Yes, over Faster Payments, referenced to the deal so their side reconciles too.
Tell us how you get paid
Send us the mix of payments you take and make, and we will quote one integration across the rails that fit, priced on your volume.