Taking a cut out of each Payment processed

Discussion in 'Payment Processing' started by Rblakney, Aug 4, 2011.

  1. #1
    Good Day,
    I am not sure what this is called, but I am working on a site where members can create accounts to get clients then the clients can pay for 1 hour of a Service from the members (not an adult site). What I am wondering is if there is a way to process the payment on my site, take out a cut and then pass on the rest to the member. Of course the member would know about this as it would be part of the terms and conditions of the site.
    So for example if my "commission" was 10% and a visitor to the site paid $100.00 to one of the site members, I want to configure it so that the entire payment is processed on the site and that $10.00 passes to may account and the remaining $90.00 passes to the members account. I know it is possible since sites from Paypal.com to oDesk take out commissions on payments paid, but I don't know what it is called or where to find information on how to do it.

    Thanks in advance for your help.
     
    Rblakney, Aug 4, 2011 IP