Yes, the amount is always the full rent. You never receive a partial payment. Your tenant pays half upfront, we fund the rest, and they repay us later. The split is between us and them.
The timing depends on your tenant. Two things happen before your payout starts: your tenant schedules their payment, and that payment goes through successfully. If they schedule late, or their payment fails, your payout is delayed until it succeeds. Once it clears, the money lands in your bank account within 3 to 5 business days.
If timing matters to you, encourage your tenant to schedule their payment a few days before the due date.
To get paid through Split Pay, you'll need to:
Accept the payment request your tenant sends you
Create a Split Pay landlord account and connect your bank
After those two steps, payments come in automatically every month your tenant pays through Split Pay. No invoicing, no chasing, no fees.
Worth knowing: Split Pay also works for splitting mortgage payments and car loan payments. If you're a homeowner or have an auto loan, you might want to check if you're eligible.