Read our new Guide to Starting an Online Marketplace Business!

The Online Marketplace Ecommerce Blog

We cover everything you need to know about building, launching and running online marketplaces

26 Marketplace Payment Solutions for Two-Sided Platforms

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If your marketplace platform can't process payments safely, securely and reliably, you don't have a sustainable ecommerce business, period.

And when it comes to payment processing, marketplaces have it more difficult than your regular online shops: payments to and from vendors, split and chained payments, subscriptions, selling fee collection are just a few challenges that are unique to marketplaces.

This means the payment processor you select can easily make or break your marketplace business.

In this roundup, we look at 26 different payment solutions for two-sided marketplace platforms.

Let's get started.
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The Beginner’s Guide to Starting an Online Marketplace Business

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As the founder of MultiMerch, I've seen my share of online marketplaces start with a promising idea, fail to generate traction and close down shortly after.

The reasons are all over the place – no market need, unsustainable business model, poor software choices, lack of marketing, you name it.

In this guide, you'll learn how to start a marketplace business – from doing market research and choosing the right business model to mastering operations, selecting software and building, launching and growing your marketplace platform.

But first...

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Use seller properties to create custom signup forms in MultiMerch

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As a marketplace owner, you know how crucial a streamlined signup experience is for sellers joining your platform.

Up until now, MultiMerch has offered a basic set of fields for sellers to fill out during registration – including their store name, profile images and business information.

Today, I want to introduce Seller Properties – a new system that allows platform owners to create different sets of seller fields for different seller groups and display them during registration.

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How To Make Your Online Marketplace Stand Out And Beat The Competition

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The advent of online marketplaces has helped small businesses and entrepreneurs sell their products for decades. You don't have to set up your own online store, you've got a ready-made channel to sell your products, and the ability to operate around the clock means small businesses can scale fast.

However, with more possibilities, comes more competition. To make sure your platform connects with sellers in the most powerful way possible, you need to ensure that it stands out.

To rise to this challenge, follow the following tips and take on some practical advice to help your marketplace rise to the top!

This is a guest post created for us by Kayleigh Alexandra from MicroStartups.

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