Marketplaces and platforms
Taking payments on behalf of other people, and paying them without becoming a bank.
Escrow: holding money until both sides are safe
The buyer pays, the money is held rather than forwarded, and it releases when delivery is confirmed. What that solves, and the decision you have to make before you switch it on.
2 min read
Onboarding sellers who get paid directly
If money for your sellers passes through your own account, you are probably a money transmitter. Connected accounts are how platforms avoid that.
2 min read
Being written
- Splitting a payment between platform and sellerCommission, timing, and how to record it so it still makes sense later.