It’s common these days for marketplace designs to make it easier for merchants to sell products to a wider market. Using an online payment system also makes it easier for the merchants to collect payments and ship out the products faster. The designs give both the consumers and merchants the full advantages of e-commerce opportunities.
Global Functionality and Payment Processing
Global functionality and payment processing helps companies expand into a worldwide market and achieve greater success. Online payment systems convert a variety of currencies for customers and merchants. The conversions are accurate and prevent either party from losing money. The systems also evaluate banking information and prevent perpetrators from acquiring goods via fraudulent banking information where the merchants will never collect the funds.
Robust Reporting Opportunities
Robust reporting opportunities enable business owners to generate reports for their transactions. The features enable the owner to enter their preferred search criteria for the reports and get instant results. Business owners use the reporting features to track sales on a daily, monthly, quarterly, or annual basis.
Real-Time Split Payments
Real-time split payments are completed to help merchants and their partners collect proceeds from each of their sales. The merchants set up the opportunities and enter information about the rates paid to each party for specific products. Each payment is sent to the bank account identified for each party each time that the products sell. Online payment solutions manage the entire process for the merchants.
Faster Setup and Integration for the Marketplace
Business owners get the full benefits of the online payment solution quickly. The setup process doesn’t take a long time, and businesses can start using them on the first day. Merchants that want to connect to a marketplace design have access to a wider market of buyers, and the systems complete transactions at lightning speed.
Marketplace designs and online payment solutions are a winning combination for businesses and consumers. The integrations offer global functionality and fast payment processing. Currency conversions are faster and accurate. Real-time split payments are provided when more than one merchant can collect from an item’s sale. Business owners who want to participate in marketplace designs and use online payment solutions should contact BlueSnap now.