Systems and methods for managing sharing economy payouts

A computer-implemented method for managing payouts to parties to a transaction, the method comprising:

• receiving, via a payment network, transaction information relating to a service transaction provided by at least one service provider;
• transmitting, via the payment network, a request for surge parameters to a service coordinator server, the request for surge parameters being based on the transaction information;
• receiving, via the payment network, at least one surge parameter from the service coordinator server;
• determining, via one or more processors, a surge payout split based on the at least one surge parameter;
• executing a payout split based on the surge payout split, the payout split including directing payments to an account associated with the at least one service provider;
• and
• transmitting, via the payment network, an account update reflecting the payout split.

An apparatus comprising:

• at least one processor, and
• at least one memory storing computer executable instructions that, when executed by the at least one processor, cause the apparatus at least to perform the steps of:
• receiving a customer request for a service transaction;
• transmitting the customer request to at least one service provider terminal;
• receiving a service completion message from the at least one service provider terminal;
• determining, via the at least one processor, that at least one surge parameter applies to the service transaction;
• determining, via the at least one processor, a surge payout split based on the determination that at least one surge parameter applies to the service transaction;
• generating, via the at least one processor, a surge payout split request based on the surge payout split;
• transmitting, via a payment network, the surge payout request to a payment network server;
• and
• receiving, via the payment network, an account update from the payment network server, the account update reflecting the surge payout split.