I’m setting up an online marketplace and need a payment gateway that supports multiple sellers and can manage payouts. What kind of payment solution would you recommend?
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Marketplaces need gateways with split payment features to handle multiple vendors. Many providers now include this as standard. If you’ll have sellers in Europe, pick a gateway offering SEPA withdrawal, since that allows quick and low-cost payouts. Also, check if the provider supports escrow features, as they can protect both buyers and sellers. Finally, review API documentation to ensure scalability.
Marketplaces need gateways with split payment features to handle multiple vendors. Many providers now include this as standard. If you’ll have sellers in Europe, pick a gateway offering SEPA withdrawal, since that allows quick and low-cost payouts. Also, check if the provider supports escrow features, as they can protect both buyers and sellers. Finally, review API documentation to ensure scalability.