The growth of companies choosing to operate on the model of the online marketplace has increased the importance of the online marketplace. Some of the more notable examples of these types of companies include Amazon, eBay, and Uber.

Credit card processing becomes complicated in the online marketplace model. Marketplaces need a transaction processing mechanism that can split the amount of the transaction into multiple parts that can be deposited with several other parties, which may include the merchant, processor, marketplace owner, online marketplace software distributor, and any affiliates.

Effectively distributing a transaction among each of these parties requires a company that follows an online marketplace business model to use a payment platform that supports split funding functionality. If you would like to offer online marketplace services, you will want to find a payment platform that supports split function logic.

Find out more about online marketplaces at Paylosophy, the website dedicated to helping you solve all of your payment processing needs.

Also check out a brief summary at #UniPayGateway website.

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Enterprise-scale, open-source, #PaymentProcessing solutions for #Merchants, #PayFacs and PSPs. For more information, visit UnitedThinkers.com

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