Marketplace Payments

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.

Start Building Free Split Payments API

Everything Your Marketplace Needs

From buyer checkout to seller payout, every flow is handled through one unified API.

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.

Marketplace Payment Flow

Buyer Pays

Customer checks out on your marketplace. Payment is captured and held by MAGNETPAY.

Funds Split

Transaction is automatically divided between seller share and platform commission per your rules.

Delivery Confirmed

Once the buyer confirms receipt or the escrow timer expires, funds are released for payout.

Seller Paid Out

Seller receives their share via their preferred payout method in their local currency.

Built for Every Marketplace Model

Whether you are building a product marketplace, service platform, rental marketplace, or gig economy app, MAGNETPAY adapts to your payment flow. Our flexible split payment API handles any multi-party settlement scenario.

Multi-vendor product marketplaces (Amazon-style)

Service marketplaces with milestone payments

Rental and booking platforms with deposits

Gig economy platforms with instant payouts

B2B wholesale marketplaces

Peer-to-peer platforms with escrow

Fundraising and crowdfunding platforms

Transaction Split Example

Buyer Payment$100.00

Seller Share (85%)$85.00

Platform Fee (12%)$12.00

Processing (3%)$3.00

Marketplace Payment FAQ

How do split payments work for marketplaces?

When a buyer makes a payment on your marketplace, MAGNETPAY automatically splits the funds according to your rules. The seller receives their share, your platform collects its commission, and any additional parties (affiliates, service providers) get their cut. Splits can be percentage-based, fixed amounts, or dynamic based on transaction attributes. All splits are atomic — they happen within the same transaction.

Does MAGNETPAY support escrow for marketplace transactions?

Yes. MAGNETPAY provides escrow functionality where buyer funds are held in a secure escrow account until delivery is confirmed. You control the release conditions — manual confirmation, automatic timer, or webhook-triggered release. This builds trust between buyers and sellers while protecting both parties from fraud.

How is seller KYC handled on the platform?

MAGNETPAY handles seller onboarding and KYC verification through our unified API. Sellers provide identity documents and business information, which we verify against global databases. Verification status is reported via webhooks so you can gate marketplace access accordingly. We support tiered verification with increasing limits.

What payout methods are available for marketplace sellers?

Sellers can receive payouts via bank transfer (SWIFT, SEPA, ACH, local rails), cryptocurrency, or to their MAGNETPAY wallet balance. Payouts can be scheduled (daily, weekly, monthly) or triggered on-demand via API. Multi-currency payouts let sellers receive funds in their local currency regardless of what buyers paid in.

Can I customize platform fees and commission structures?

Absolutely. Platform fees can be configured as a percentage of each transaction, a fixed amount, or a combination. You can set different fee structures by seller tier, product category, or transaction type. Fees are deducted automatically from the seller share before payout, with full transparency in the seller dashboard.