Online Marketplace Payments

Online marketplace payments refer to the process of transferring money when buyers purchase goods or services through a digital platform that connects multiple sellers. When a customer makes a purchase, the payment is securely processed via the marketplace’s payment system, which often holds the funds until the transaction is completed to both parties’ satisfaction. The marketplace then distributes the funds, deducting any fees, and deposits the remaining amount into the seller’s account. This system provides a safe, efficient way to handle transactions, protect buyer and seller interests, and facilitate seamless commerce across different vendors and consumers.