24+ Marketplace Payment Solutions for Two-Sided Platforms

Note: We've updated this article in February 2023!

In 2023, payment processing is a fairly trivial matter for a regular ecommerce business. You have hundreds of payment companies that offer services ranging from basic payment processing to all-in-one business management and financing solutions.

But a marketplace is more than just an online store, so the requirements for a payment processing company for a marketplace are more demanding, and include support for marketplace-specific features like payment splitting and routing, payouts to merchants, KYC/AML features, advanced tax management, reporting, and more.

This is an overview of 24+ different payment companies that offer payment facilitation and other financial products tailored specifically to two-sided marketplace platforms.

Let's get started.

This article is part of our series on starting an online marketplace business. If you want a spreadsheet version of this article with additional information, please contact us.

For every payment platform listed here, we've gathered the most important details you need to know as a marketplace owner to make an informed decision:

Some of the features we look at when reviewing payment platforms are:

We'll look at the following payment processors in this article (click to go directly to the corresponding chapter):

Here they are:

 

Stripe Connect

Website: https://stripe.com/connect

Year founded: 2010

Based in: United States

Availability: 47 countries, but you can use Stripe Atlas to incorporate a U.S. company.

Pricing:

Highlights:

All these years later, Stripe is still one of the most popular marketplace payment systems out there, powering massive two-sided platforms such as Kickstarter, Lyft, Booking.com, and others.

Stripe Connect offers all of the features your marketplace might ever need, and more - from instant user onboarding through compliance and all the way to getting your merchants paid.

 

Mangopay

Website: https://www.mangopay.com/marketplaces/

Year founded: 2013

Based in: Luxembourg

Availability: 30 EEA countries + United Kingdom

Pricing:

Highlights:

If you're running a marketplace business in Europe, definitely check out Mangopay. They offer end-to-end payment processing to crowdfunding, fintech and marketplace businesses in Europe and internationally, and power prominent platforms like Vinted and Campanda.

Mangopay offers marketplace owners compliance with the EU's and the card industry's regulations as well as KYC, anti-fraud and money laundering prevention tools to make running a marketplace easier.

 

Adyen For Platforms

Website: https://www.adyen.com/platform-payments

Year founded: 2006

Based in: Netherlands

Availability: 28 countries

Pricing:

Highlights:

Adyen for Platforms (formerly Marketpay) is another European marketplace payment solution that's available in 28 countries and serves customers like eBay, Etsy, Upwork.

Adyen offers platform businesses not just payment processing, but also tools for merchant onboarding, KYC/AML, and other vendor screening and fraud prevention features.

 

Lemonway

Website: https://www.lemonway.com/en/solution-marketplaces/

Year founded: 2007

Based in: France

Availability: 30 EEA countries + United Kingdom

Pricing:

Highlights:

Lemonway is a European payment provider for ecommerce and marketplace businesses based in France that's tailored to product, service, and financial marketplaces in the EEA and the UK.

Their services are used by over 1,400 marketplaces in Europe, including 200 crowdfunding platforms.

 

PayPal Commerce Platform

Website: https://www.paypal.com/us/business/platforms-and-marketplaces

Year founded: 1998 (Marketplaces 2017)

Based in: United States

Availability: Limited

Pricing:

Highlights:

PayPal Commerce Platform (formerly PayPal for Marketplaces, PayPal Adaptive, PayPal for Partners) is a yet another iteration of PayPal's payment solution for marketplace businesses.

It offers payment processing in over 100 currencies across 200+ markets and a set of AML and fraud protection features, but PayPal limits the product to select partners only, offers scarce documentation, and generally provides limited information about the offering.

 

trustshare

Website: https://trustshare.co/

Year founded: 2020

Based in: United Kingdom

Availability: Primarily within the UK & EEA (other countries are possible - see terms)

Pricing:

Highlights:

trustshare is a fintech company based in the UK that offers marketplace businesses payment processing, escrow, banking, and credit products. It's built around a lean and flexible API and is tailored to B2B and consumer marketplaces primarily within the UK and the EEA.

 

trolley

Website: https://trolley.com/

Year founded: 2015

Based in: Canada

Availability: 35 countries (United States, Canada, Australia, New Zealand, United Kingdom, European Economic Area)

Pricing:

Highlights:

Trolley (formerly Payment Rails) is a cloud-based payouts platform that focuses on simplifying the payout process for online marketplaces, crowdsourcing and sharing economy platforms, and is specifically tailored to online creators and freelancers.

 

Mollie

Website: https://www.mollie.com/products/connect/marketplaces

Year founded: 2004

Based in: Amsterdam

Availability: 32 countries (European Economic Area, United Kingdom, Switzerland)

Pricing:

Highlights:

Mollie is a European fintech company that aims to simplify financial services for European businesses by providing payment products and business financing. It serves more than 130,000 businesses, including companies like Dyson, Acer, and organizations like Unicef.

 

Nuvei

Website: https://nuvei.com/industries/marketplaces/

Year founded: 2003

Based in: Canada

Availability: Global

Pricing:

Highlights:

Nuvei is a payments technology provider based in Canada that offers payment, payout, banking, and risk management solutions to ecommerce businesses and marketplaces in various industries, including online retail, gaming, digital, goods and services, and mobility, among others. Some of Nuvei's most prominent clients are Riot Games, Wix, Gucci, and others.

 

FIS Worldpay for Platforms

Website: https://www.fisglobal.com/en/products/worldpay-for-platforms

Year founded: 1968 (acquired Worldpay in 2019 and Payrix in 2022)

Based in: United States

Availability: Not publicly available

Pricing:

Highlights:

FIS Wordpay for Platforms (acquired Worldpay, Payrix) is a payments platform and managed services provider for ecommerce businesses and marketplaces, offering features such as payment routing, split payments, chargeback management and more.

 

BlueSnap

Website: https://home.bluesnap.com/payments-for-marketplaces/

Year founded: 2002 (rebranded as BlueSnap in 2013)

Based in: United States

Availability: 40 countries (supports inbound payments from 180+ countries)

Pricing:

Highlights:

BlueSnap is an payment orchestration platform that offers payment solutions to ecommerce businesses, two-sided marketplaces, and SaaS platforms. It serves a wide variety of businesses, such as ABB, MyHeritage, CloudShare, and others.

WePay

Website: https://go.wepay.com/

Year founded: 2008 (Acquired by JPMorgan Chase 2017)

Based in: United States

Availability: United States

Pricing:

Highlights:

WePay is a payment service provider based in the United States that offers integrated payment solutions to platform businesses, including crowdfunding platforms, marketplaces and small business software companies.

The company was founded in 2008 and acquired by JPMorgan Chase in 2017. It powers thousands of businesses across the United States, including companies like GoFundMe, Infusionsoft, and Eventzilla.

 

Dwolla

Website: https://www.dwolla.com/industries/marketplace-payment-solutions/

Year founded: 2008

Based in: United States

Availability: United States

Pricing:

Highlights:

Dwolla is a payment service provider that offers custom payment flows, wire transfer automation, and digital wallet services to ecommerce, mobile, and others businesses in the United States, such as GOAT, Wagmo, and Tippy.

 

Zai

Website: https://www.hellozai.com/

Year founded: 2021 (merger between CurrencyFair and Assembly Payments)

Based in: Australia

Availability: Global

Pricing:

Highlights:

Zai is a financial services company aimed at mid-market and enterprise-level businesses that was formed in 2021 from the merger of CurrencyFair and Assembly Payments.

The company offers ecommerce platforms and marketplaces simple and customized payment processing flows, built-in KYC and AML tools, and enhanced due diligence features.

Nochex Lynx

Website: https://www.nochex.com/other-business-solutions-with-nochex/nochex-lynx-payments-platform-for-platforms/

Year founded: 1999

Based in: United Kingdom

Availability: United Kingdom

Pricing:

Highlights:

Nochex is a United Kingdom based payment platform and a merchant account solution that offers payment processing services to online marketplaces through its Nochex Lynx product, and has a separate pricing tier for charities accepting donations and fundraising.

 

Razorpay

Website: https://razorpay.com/

Year founded: 2014

Based in: India

Availability: India (supports inbound payments in 100+ currencies)

Pricing:

Highlights:

Razorpay is an all-in-one fintech platform for ecommerce and marketplace businesses in India that offers payment processing, routing, and disbursement, bank transfer automation features, banking and payroll services, and capital loans.

 

Cashfree

Website: https://www.cashfree.com/easy-split/split-payment-gateway/

Year founded: 2015

Based in: India

Availability: India

Pricing:

Highlights:

Cashfree Payments is a payments and banking platform in India that offers ecommerce, marketplace, and other types of businesses payment collection services, on-demand payouts, KYC/AML, and banking as a service features.

 

PagSeguro

Website: https://pagseguro.uol.com.br/

Year founded: 2006 (Split 2016)

Based in: Brazil

Availability: Brazil (supports inbound payments from 17 countries)

Pricing:

Highlights:

PagSeguro is part of Universo Online, the largest in Brazil online platform of internet products and services, such as payment processing, ecommerce solutions, hosting and security.

PagSeguro offers marketplaces payment processing with support for split payments, over 25 payment gateways and 140 local payment methods, as well as its own POS system.

 

MercadoPago

Website: https://www.mercadopago.com.ar/

Year founded: 1999 (as part of Mercado Libre)

Based in: Argentina

Availability: Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Venezuela

Pricing:

Highlights:

As an offshoot of Mercado Libre (Latin America's most popular e-commerce site), MercadoPago was set up as a secure payment system to allow customers more payment options.

It allows two-sided marketplace businesses to make collections on behalf of vendors and charge commissions on the transaction.

 

PayU

Website: https://corporate.payu.com/industries/marketplace-solutions/

Year founded: 2002-2006 (Naspers, PayU)

Based in: Netherlands

Availability: Global

Pricing:

Highlights:

PayU is a global fintech company that offers online merchants and two-sided marketplaces payment processing with split payments, delayed and installment payments for higher value carts, as well as custom payment pages and mobile payments.

 

Iyzico (by PayU)

Website: https://www.iyzico.com/en/business/marketplace-payment-methods/

Year founded: 2013

Based in: Turkey

Availability: Turkey

Pricing:

Highlights:

Iyzico (acquired by PayU) is a Turkish financial technology company that offers simple payment processing and anti-fraud products to ecommerce and marketplace businesses, as well as shopping and banking products to consumers.

 

YapStone

Website: https://www.yapstone.com/

Year founded: 1999

Based in: United States

Availability: United States

Pricing:

Highlights:

YapStone is a payments platform for ecommerce businesses that offers payment processing, split and multiparty payment features, and fraud detection services.

 

Tipalti

Website: https://tipalti.com/

Year founded: 2010

Based in: United States

Availability: Global

Pricing:

Highlights:

Tipalti is a payment and accounting solution that offers businesses mass payout and disbursement solutions with full tax and regulatory compliance, invoice and purchase order management, and a supplier portal for self-service, and is used by businesses like WP Engine and GoDaddy.

 

Hyperwallet (by PayPal)

Website: https://www.hyperwallet.com/

Year founded: 2000

Based in: United States

Availability: Global

Pricing:

Highlights:

Hyperwallet (by PayPal) is a payout processing service for online stores and marketplaces that offers flexible payout capabilities and reporting features to businesses of all sizes, and integrates with PayPal for features like multi-currency funding.

 

...a few that didn't make the cut

Here are a few payment platforms that used to offer marketplace payment processing in the past, but are either unavailable or don't offer services tailored to marketplace platforms anymore:

 

How do you choose the best payment solution?

That's a lot of payment processors! A little overwhelming, perhaps.

Selecting the right payment solution for your marketplace is crucial, but how do you choose the right one when there are so many different choices available?

Here are a few tips:

First, decide what features you absolutely need and which ones are optional. Do you really need recurring and subscription payments? Can you live without custom payment routing?

Then, find out what processors are available in your region that offer the functionality you're looking for. In most cases, this will narrow your choices down to a few processors.

Finally, make sure you can integrate the solution of choice into your marketplace platform software. The better documentation and integration options, the easier your job will be.

So, ask yourself the following questions before getting to work building your marketplace:

Knowing the answers to these questions will help you find the perfect payment processor for your marketplace.

I want to make starting a marketplace simple and help marketplace owners turn their platforms into successful businesses. If you've found this roundup useful, please help spread the word and share it.