Hi- We are designing a marketplace and would like to offer Visa Checkout to our customers. Do you support a model where we (the marketplace) collect payments on behalf of a merchant who posts products on the marketplace and then distribute the proceedings less our commission to them? e.g. Merchant lists Product for $100 on our site. When a customer buys the product we collect $100 and then take out $10 as our fees and transfer $90 to the Merchant. Are there API guides for this?
Visa Checkout is simply the digital representation of a consumer’s preferred credit or debit card. That means businesses can continue relying on their existing processes for handling transactions. Visa Checkout requires no changes to existing gateway or merchant acquirer relationships. You should be able to use the same mechanism for splitting payments as you would for other payment methods. The thing to keep in mind is who is the merchant of record and what is visible to the end consumer.
While there are other models, some of the most popular ones are as follows:
Consumer is paying 100$ to the marketplace, the marketplace would credit the individual merchant/service provider. (Think Uber)
Consumer is paying the merchant and the marketplace “bills” the merchant for using the platform. (typically at the end of month or so)
Consumer is paying 90$ to the merchant for the goods/service and 10$ service fee to the marketplace.
Depending on which of the above models you might be using, you could design an appropriate system on top of your payment gateway or service provider. Visa Checkout doesn’t have any specific APIs around split payments.
Hope this helps!
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