Split Pay is the payment tool your tenant uses to pay you rent. Here's the simple version:
They split rent into two payments, roughly two weeks apart
You receive the full rent amount, never a partial payment. We fund the gap between your tenant's two payments
Payout timing depends on your tenant. Once they schedule their payment and it goes through, the full amount lands in your bank account within 3 to 5 business days
Once you're set up, payments come in automatically every month your tenant pays through Split Pay. No invoicing, no chasing, no fees.
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 account so we can send the money straight to you
After those two steps, you're done. Future months are automatic as long as your tenant keeps paying through the same Split Pay plan — if they ever set up a new plan, you'll just accept the new request once.
Where you'll do this: your landlord account lives at splitpay.com/landlord. Your tenant pays on their side at splitpay.com — same Split Pay, two sides of the same product.
Heads up — you might also benefit from Split Pay yourself. If you have a mortgage, a car payment or a student loan, Split Pay works the same way for those: two payments roughly two weeks apart, and your lender or servicer receives the full payment amount.