What is SplitPay?
Understanding the problem SplitPay solves for agencies, DAOs, teams, and freelancers.
Collaborative projects routinely struggle with a fundamental problem: how to receive collective earnings without placing total trust in a single individual or paying exorbitant fees to centralized intermediaries.
The Problem with Traditional Payouts
In typical collaborative workflows—such as software consulting agencies, freelance collectives, musical co-creators, or DAO working groups—one person provides their personal or company bank account/wallet address.
- Single Point of Failure: The middleman can delay transfers, misplace funds, or default on agreements.
- Manual Math Errors: Calculating percentages manually across varying currency amounts frequently leads to rounding errors.
- Accounting Opacity: Team members lack verifiable proof of the gross payment amount received from the client.
- Multiple Gas/Transfer Fees: Funds are transferred once to the middleman, then transferred again in separate transactions to each member.
The SplitPay Solution
SplitPay transforms collaborative disbursement into an autonomous, verifiable smart contract transaction. Clients pay directly into a pool identifier, and the contract dispatches the exact agreed allocations to all participants in a single atomic transaction.
Target Use Cases
Freelance Teams & Agencies
Designers, developers, and project managers can establish a client pool (e.g. 50% dev, 30% design, 20% PM) and receive automated payouts upon client invoice approval.
DAO Working Groups
Decentralized teams executing project bounties receive direct disbursements from treasury grants without multi-sig overhead for each individual contributor.
Content & IP Royalties
Co-authors, podcast co-hosts, and digital content collaborators receive programmatic splits from sponsor payments in USDC or XLM.
Vendor Revenue Sharing
Affiliate partners and platform operators can settle joint customer payments with transparent, provable on-chain settlement receipts.
Comparison: Manual vs SplitPay
| Dimension | Manual / Intermediary | SplitPay Protocol |
|---|---|---|
| Custody | Middleman controls 100% of funds | Non-custodial; direct to member wallets |
| Execution Speed | Days (bank delays, manual transfers) | ~5 seconds (single Soroban tx) |
| Math Verification | Spreadsheets, error-prone | Checked 10,000 BPS integer math in Rust |
| Audit Trail | Private screenshots, disputed invoices | Immutable ledger records & Soroban events |