Understanding Marketplace Payments

A marketplace acts as the merchant of record for transactions — responsible for managing and collecting payments, and acting as an aggregator of orders as opposed to single transactions. This means a sophisticated marketplace is able to transact different types of payments: 

• Partial payments 
• Buy now, pay later 
• Bulk purchasing 

Nautical’s platform operates at the intersection of commerce, fintech, and logistics, making it easy for marketplace operators to navigate payment complexities. If you’re looking to expand your existing commerce business to a marketplace, click here to speak with a Nautical expert. 

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