Splitcard scales group payments across the U.S. with TERA-powered virtual cards

Splitcard, a U.S.-based group payment platform, enables customers to pool funds and instantly generate a virtual debit card for shared purchases—events, tours, travel, and experiences.

As group commerce accelerated across sports, entertainment, and travel sectors, Splitcard required a compliant, card-first infrastructure partner to power pooled funds, virtual card issuance, and automated reconciliation.

To scale securely across the U.S. market, Splitcard partnered with TERA to embed virtual card infrastructure directly into its platform.

85%

100%

Increase in group checkout completion rates

Reduction in manual payment coordination

Transaction sync with accounting systems (QuickBooks/Xero-ready)

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Industry

Finance

Department

Product, Finance & Partnerships

Use case

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Company size

11–50 employees

Region

United States

Previous solution

Manual payment collection, rep-managed funds, fragmented reconciliation

Current solution

TERA Virtual USD Cards, Wallet Infrastructure, ACH Rails, ERP Sync

“TERA gave us the infrastructure layer we needed. Every pooled dollar now converts into a controlled, instantly issued virtual card. Our teams don’t touch funds, reconciliation is seamless, and our customers experience zero friction at checkout.”

— Leadership Team,

Splitcard

The Challenge

As Splitcard expanded into sports ticketing, multi-event bookings, and high-volume group sales, operational friction surfaced:

Sales reps informally tracking payments
Organizers fronting balances
Delays between funding and ticket claims
Reconciliation complexity for finance
Risk exposure from holding participant funds

To win in the U.S. group commerce market, Splitcard needed:

Instant card issuance tied to pooled balances
Clear fund segregation
ACH compatibility
Accounting-ready transaction sync
Card partner reliability with scalable limits

The Solution: TERA Virtual Card Infrastructure

TERA deployed a U.S.-centric embedded card stack purpose-built for Splitcard’s group model.

Key elements included:

Instant USD virtual card issuance upon group funding
Split wallet architecture — each group pool mapped to a dedicated card
Pre-funded, controlled spend limits aligned to booking value
Digital wallet compatibility (Apple Pay / Google Pay-ready)
ACH rails for seamless participant funding
Automated transaction sync with accounting tools (QuickBooks & Xero)
Granular spend controls & merchant category restrictions

Transactions Sync with Accounting Systems

Every card transaction flows into structured, accounting-ready data—eliminating spreadsheets and manual reconciliation.

The Impact

Revenue & Conversion

Faster checkout → Higher cart value
Elimination of payment chasing
Multi-participant orders funded without friction

Operational Efficiency

Zero rep involvement in fund handling
No manual accounting or ledger adjustments
Real-time visibility for organizers and finance teams

Governance & Control

Every group wallet isolated
100% digital transaction trail
Automated compliance-ready reporting

TERA transformed pooled payments from a coordination problem into a scalable financial engine.

Conclusion

Through its partnership with TERA, Splitcard embedded a compliant, scalable, and U.S.-ready virtual card layer into its platform.

The result:

✔ Higher checkout conversion

✔ Faster group funding

✔ Zero manual reconciliation

✔ Card-first infrastructure built for modern group commerce

TERA’s partnership unlocks embedded finance for platforms that want to power virtual cards without becoming a bank.

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