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Abstract

Techniques are described for conducting an electronic transaction using a split-commission payment service. Techniques can include using currency-based credits, wherein credits are also provided as commissions to a referrer of the payor and a previous payee of the payor. The techniques can include one or more of a payment service providing a payment application to a user device of a user, causing a financial account to be opened on a user's behalf at a financial institution affiliated with the payment service, transferring funds from a funding source of a user to the financial account, associating a user profile of a user with credits equivalent to a balance of the financial account, receiving transaction data for a transaction, determining a payee fee for the transaction, transferring currency or credits equivalent to the transaction amount from payor to payee, splitting the payee fee between at least the payment service, referring user, and previous payee, and distributing currency or credits accordingly.

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First Claim