Seemed like a hassle to translate the % splits to actual amounts, figure out/confirm wiring details, and then decide when to wire...I would also think the other instructors were wondering when their share was going to hit.
So I stood there thinking, what if she could pre-set percentage share, and have software split the proceeds on a per payment basis so she doesn't have to worry about getting the split amounts right and the disbursement of proceeds. Her partners wouldn't have to wait either.
Felt like the software solution would be killing many birds with one stone.
A light bulb went off in my head, as I registered a problem, and as any sane individual would nose-dived into building an app!
My wife isn't using it at the moment as her yoga studio/business is in Japan, and Stripe doesn't allow for a platform to be in a different country then its connected accounts and I chose the US to release.
The users aren't being charged to use the application. The app will absorb the costs and lump it into a fee that is charged to the final consumer.
That all said, maybe this doesn't generalize outside this particular example and the problem is too specific to her situation...
In summary, the app is for any group that is receiving proceeds from the sale of a service or product, that wants to avoid the hassles of splitting proceeds after the fact.