Unlike traditional ecommerce/online sites, that have only one seller/vendor and many buyers, marketplaces have multiple vendors and buyers. In this case each transaction involves three parties: the vendor, the buyer and the marketplace platform. This uniqueness has always created difficulties for marketplaces wanting to accept online payments.

With Mypay marketplace solution you can board your merchants and manage all communications and interactions between your vendors, while leaving the payout to all parties to Mypay. Mypay splits the payment based on the commission rate once the shopper’s funds are captured. You have only to add your vendors to Mypay platform and set up your marketplace project through your dashboard or using our API