A method and system for processing an account for a transaction between a merchant and a customer. The transaction provided goods and/or services by the merchant to the customer for which the merchant is owed a total payment by the customer to settle the account. The account is divided into N subaccounts. The total payment is divided into N subaccount payments respectively associated with the N subaccounts. N is at least 2. N payers responsible for making the N subaccount payments to settle the N subaccounts are notified of the N subaccounts, respectively. The N subaccounts are made available to the N payers. The N subaccount payments are received from N payment providers using N payment instruments for settling the N subaccounts, respectively. The N payment providers and the N payment instruments were previously identified by the N payers. The total payment is paid to the merchant.