Professional and private traders increasingly choose to offer products or services through Marketplaces. According to the new PSD2 regulations of the Dutch Bank, it is not allowed to receive money as a platform and to distribute these yourself among the various sellers of the platform without being a financial institution. As a Payment Service Provider, Buckaroo does have the necessary licenses and certifications to process marketplace payments, on behalf of the Market Place.
Market Places and Sellers and online payments
Market Places uses a different business model than a regular webshop. Various providers can sell their products or services through one central location, the Market Place. This often results in a "mixed basket" at the end of the purchasing process, with products of multiple providers. The payer settles the total amount of the purchase through the checkout of the Market Place. Payments to the Sellers (underlying Merchants of the Market Place) are done using "split payments". Market Places can indicate how the purchase amount should be divided among the Sellers and what amount goes to the Market Place itself. Split transactions within the Buckaroo environment are a special transaction type for the distinction.
Within the Market Place solution there are Dutch and Belgium payment methods available. For example : iDEAL, Bancontact, Afterpay and Sepa Direct Debit.
-1- be executed immediately
-2- be executed with a specified delay
-3- be executed leter, using a API call