Spreedly and Marketplaces

We consistently receive interest from developers looking to build a marketplace. We’re really only a good fit with one type of marketplace, which I’ll discuss below. First let’s talk about marketplaces overall. In many ways this post is an update to one we did a while back. Defining a Marketplace  There are 3 or 4 major functional components to a marketplace Easily create a merchant account when onboarding a new seller to the marketplace Take a percentage of […]

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Braintree, TaskRabbit and the future of marketplaces

Marketplaces are all the rage, fueled in part by a boom in collaborative consumption business models. Interest in them has only accelerated since we wrote a post around marketplaces and payments back in November 2012. For a multitude of reasons the default payment assumption when approaching a marketplace is “I need to collect money from the buyers on my site, keep some sort of fee for myself, and then disburse or payout the rest to […]

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Marketplaces and Payments

Edit: Make sure you read our newer post on Spreedly and marketplaces Unlike traditional ecommerce/online sites, that have one seller and many buyers, marketplaces have multiple sellers and buyers. In addition, any transaction involves three parties: the seller, buyer and the marketplace. This uniqueness has always created challenges for marketplaces wanting to accept online payments. “Too hold or not too hold the funds?” – that is usually the question. Recent trends in payments are slowly making […]

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