Handling payments to participants
Wouldn’t it be great to have one partner to accept payments from customers and distribute funds to the marketplace and its participating shops? Through any payment method across the world? That’s precisely what we do. Smart2Pay is the way to go for marketplaces.
Registered and licensed in the EU
We are PCI compliant level 1 and a licensed financial institution. We help marketplaces meeting the new PSD2 legal requirements in managing the collection of funds and split settlements.
We at IBS always want to service our customers and partners with the best product and services possible. Smart2Pay helped us achieving this by helping us setting up the IBS Marketplace and organizing the contractual and split payments part.
Smart2Pay helped us in organizing the contractual part and split payments on our ePRICE Marketplace. This greatly impacted our Marketplace operation, shops, and customer satisfaction.
Given the increasing importance of localization for digital commerce, Smart2Pay helped us achieve this objective by offering our customers several additional local payment options. This positively impacted conversion rates as well as customer satisfaction.
If you are using Mirakl as your marketplace operating platform, you can use our Mirakl plugin which simplifies the payment processing and split settlements with no extra development needed from your side. Please check our documentation.
Mirakl is powering the platform economy by providing the #1 technology and partner ecosystem needed to launch an eCommerce marketplace. With the Mirakl Marketplace Platform, both B2B and B2C businesses can offer more, learn more and sell more: increase the number of products available for buyers, grow the lifetime value of customers, and anticipate buyer needs and preferences.