ELI5: Explain Like I'm 5

Split payment

Imagine going to a store to buy some toys. You have some money saved up, but you don't have enough to pay for all the toys you want. Split payment means that you can pay part of the money with your own saved up money and the rest with money from someone else, like your mom or dad.

Split payment basically means dividing the total amount of money you need to pay for something between two or more people. For example, if you and your friend are sharing a pizza and it costs $10, you can split the payment equally, which means you pay $5 and your friend pays $5.

In the same way, some online stores or services have the option of split payment, where you can share the cost with someone else. This can be helpful if you are buying something expensive and want to split the cost with a friend or family member.

So, split payment is like sharing the cost with someone else so that you don't have to pay the whole amount by yourself.