A Marketplace is a platform that enables you to board your vendors and then split payments from shoppers between you and your vendors.
If you've created a business where you want to encourage vendors to participate in your success, a marketplace is for you. With the BlueSnap Marketplace, you can board your merchants and you can manage all communications and interactions between you and your vendors, while leaving the payout to all parties to BlueSnap.
Yes. You will have one BlueSnap Merchant account where you receive all commission splits on marketplace sales. For more information, click here.
BlueSnap splits the payment based on the commission rate once the shopper’s funds are captured.
There is a Marketplace Vendor Management Fee. While you are busy managing your marketplace business, we are working hard to verify vendor identities, to split payouts between you and your vendors, and to provide the reports for reconciliation — just to name a few.
- Marketplace Vendor Management Fee: This is based on the gross amount paid out to your vendors.
- BlueSnap Transaction Processing Fees: These are based on the total amount of each capture, not on your portion of the split amount. (For more information, refer to Pricing.)
- Payout Fee: This fee is based on your chosen payout method: ACH, wire, etc.
- Other fees as defined in your contract.
For more information on fees, refer to Payout Summary Statement Report.
The transaction is split between you and your vendor on the amount of the capture, based on the commission values you determined and submitted in the request. Meaning, that the only fee charged to the vendor's portion of the split amount is their payout fee.
Vendors are only charged a Payout Fee.
BlueSnap's Marketplace supports a variety of payment methods, including cards, mobile wallets, ACH/ECP, SEPA Direct Debit, and more.
Refunds are simply the reverse of the original transaction. The same commission split is applied unless you make adjustments to the commission split for the refund. (For more information, refer to Refunds.)
Yes. You can process a transaction that involves up to 10 vendors. For more details, see Processing transactions.
We discuss the differences between boarding individuals and businesses to your marketplace in Vendor Verification Requirements.
Their payout is on hold until the vendor has been approved by BlueSnap. BlueSnap informs you of changes to the vendor account via webhooks.
Yes. BlueSnap supports passing metadata in the API request for transactions.
Yes. You can define the statement descriptor dynamically per transaction by including the Soft Descriptor property in the transaction request.
No. BlueSnap pays out account funds to your vendors according to the established commission rate.
Updated about a year ago