Payment Solution for Marketplaces & Platforms
MAGNETPAY provides marketplace payment processing with split payments, escrow, multi-party settlement, seller onboarding, and automated platform fee collection. Power any marketplace model from P2P to multi-vendor.
Why Marketplace companies choose MagnetPay
Split Payments
Automatically divide each transaction between sellers, your platform, and any additional parties. Configure percentage splits, fixed amounts, or dynamic rules based on transaction data. All splits are atomic and settled in real time.
Escrow & Hold
Hold buyer funds securely until delivery confirmation, inspection period completion, or custom trigger conditions. Configurable release schedules protect both parties and build marketplace trust.
Seller Payouts
Pay sellers via bank transfer, crypto, or wallet balance in their local currency. Support daily, weekly, or on-demand payout schedules. Batch payouts for operational efficiency with detailed remittance reporting.
Seller KYC & Onboarding
Verify seller identity and business legitimacy through our embedded KYC flow. Document verification, sanctions screening, and tiered access levels. Managed entirely through API or hosted onboarding pages.
Platform Fee Collection
Collect commissions automatically on every transaction. Configure by seller tier, product category, or custom logic. Transparent fee breakdown visible to sellers in their dashboard.
Dispute Resolution
Built-in dispute management for buyer-seller conflicts. Configurable resolution flows, evidence collection, and automated refund or release based on dispute outcomes. Full audit trail for compliance.
Frequently asked questions
Power Your Marketplace Payments
Split payments, escrow, and seller payouts — all through one API.