In a nutshell, an online marketplace is an online shop that allows customers to purchase products and services from third-party providers. Online marketplaces offer consumers a considerable benefit by bringing together a range of merchants and goods or services on a single platform.
These solutions are also attractive to merchants, as they are able to benefit from higher reaches and turnover potential than they otherwise could generate alone.
Legally compliant payment processing
International card acceptance
Flexible commission models and mixed shopping baskets
Easy integration into your platform or app
User-friendly solutions for you and your customers
SIX is familiar with the diverse requirements and supports a wide variety of marketplace solutions. SIX will come up with an optimal solution for your online marketplace. Operators of a marketplace solution do not have to apply for their own payment transaction licence. The funds are controlled by SIX as a licensed and regulated payment service provider.
SIX manages payment to the authorised dealers of the online marketplace as well as the commission to the marketplace operator. This makes it easy to ensure compliance with payment transaction regulations, money laundering guidelines and know-your-customer (KYC).