In 2023, payment processing is a fairly trivial matter for a regular e-commerce business. You have hundreds of payment companies that offer services ranging from basic payment processing to all-in-one business management and financing solutions.

But a marketplace is more than just an online store, so the requirements for a payment processing company for a marketplace are more demanding, and include support for marketplace-specific features like payment splitting and routing, payouts to merchants, KYC/AML features, advanced tax management, reporting, and more.

This is an overview of 24+ different payment companies that offer payment facilitation and other financial products tailored specifically to two-sided marketplace platforms.

 

For every payment platform listed here, we’ve gathered the most important details you need to know as a marketplace owner to make an informed decision:

• Year founded – is it a new company or a more established business?
• Location and availability – which countries do they serve?
• Fees – how much do they charge? (Note that pricing often differs by region.)
• Features – what are the highlights and the reasons to consider this solution?

Some of the features we look at when reviewing payment platforms are:

• Payment splitting, routing, and custom payment flows
• Support for multiple currencies and payment methods
• Custom payment types, such as subscriptions, recurring payments, and BNPL (buy now, pay later)
• Fraud prevention tools, KYC/AML, and other compliance features
• Availability and quality of documentation
• Responsiveness and technical support
• Integrations with third-party platforms

We’ll look at the following payment processors in this article (click to go directly to the corresponding chapter):

• Stripe Connect
• Mangopay
• Adyen for Platforms
• Lemonway
• PayPal Commerce Platform
• trust share
• trolley
• Mollie
• Nuvei
• FIS Worldpay for Platforms
• BlueSnap
• WePay
• Dwolla
• Zai
• Nochex Lynx
• Razorpay
• Cashfree
• PagSeguro
• MercadoPago
• PayU
• Iyzico (by PayU)
• YapStone
• Tipalti
• Hyperwallet (by PayPal)
• …a few that didn’t make the cut
• Bonus: How do you choose the best payment solution?

Here they are:

Stripe Connect

Year founded: 2010

Based in: United States

Availability: 47 countries, but you can use Stripe Atlas to incorporate a U.S. company.

Pricing:

• Free for Standard accounts
• Starting at $2 per active account per month plus 0.25% + 25¢ per payout sent for Express/Custom accounts
• Additional fees may apply for cross-border charges and extra features

Highlights:

• Offers tools for user onboarding, payment processing, compliance, security, and others
• Thorough documentation and swift technical support
• Hundreds of service and solution partners
• The most popular marketplace platform payment solution out there

All these years later, Stripe is still one of the most popular marketplace payment systems out there, powering massive two-sided platforms such as Kickstarter, Lyft, Booking.com, and others.

Stripe Connect offers all of the features your marketplace might ever need and more – from instant user onboarding through compliance to getting your merchants paid.

Mangopay

Year founded: 2013

Based in: Luxembourg

Availability: 30 EEA countries + United Kingdom

Pricing:

• Starting at 1.8% + 0.18€ pay-in fee (per transaction excl. VAT), free payouts within the SERPA zone
• Fees vary based on payment method and region
• Additional fees may apply for KYB, lost disputes, and other features

Highlights:

• Support for different marketplace types: eCommerce, rentals, communities
• Anti-fraud and money laundering prevention tools
• Payment processing in 196 countries and 11 currencies
• Good documentation and open-source SDKs for PHP, Java, Ruby, Python, and .Net

If you’re running a marketplace business in Europe, check out Mangopay. They offer end-to-end payment processing to crowdfunding, fintech, and marketplace businesses in Europe and internationally, and power prominent platforms like Vinted and Campania.

Mangopay offers marketplace owners compliance with the EU’s and the card industry’s regulations as well as KYC, anti-fraud, and money laundering prevention tools to make running a marketplace easier.

Adyen For Platforms

Year founded: 2006

Based in: Netherlands

Availability: 28 countries

Pricing:

• Starting at 0.10€ processing fee + variable payment method fees
• Additional fees may apply for platform-specific features

Highlights:

• Payment processing in 80+ countries and 37 currencies (dynamic currency conversion)
• Advanced payment flows tailored to different platform types
• Built-in onboarding, verification, and compliance for different countries

Adyen for Platforms (formerly Marketpay) is another European marketplace payment solution that’s available in 28 countries and serves customers like eBay, Etsy, and Upwork.

Adyen offers platform businesses not just payment processing, but also tools for merchant onboarding, KYC/AML, and other vendor screening and fraud prevention features.

Lemonway

Year founded: 2007

Based in: France

Availability: 30 EEA countries + United Kingdom

Pricing:

• Available at request – includes a set-up fee, monthly subscription, and transaction fees

Highlights:

• Payment processing in 10+ payment methods and 14 operational currencies
• Tailored to product, service, and financial marketplaces: B2B, B2C, C2C, crowdlending, donations, etc.
• Used by over 1,400 marketplaces in Europe including 200 crowdfunding platforms
• Well-documented; PHP, Node.JS, Ruby, and Python libraries available on GitHub

Lemonway is a European payment provider for e-commerce and marketplace businesses based in France that’s tailored to the product, service, and financial marketplaces in the EEA and the UK.

Their services are used by over 1,400 marketplaces in Europe, including 200 crowdfunding platforms.

PayPal Commerce Platform

Year founded: 1998 (Marketplaces 2017)

Based in: United States

Availability: Limited

Pricing:

• Fees for platforms not publicly available

Highlights:

• Payment processing in over 100 currencies across 200+ markets
• Anti-money laundering, compliance, and end-to-end fraud protection features
• Customer support is available in 17 languages

PayPal Commerce Platform (formerly PayPal for Marketplaces, PayPal Adaptive, and PayPal for Partners) is yet another iteration of PayPal’s payment solution for marketplace businesses.

It offers payment processing in over 100 currencies across 200+ markets and a set of AML and fraud protection features, but PayPal limits the product to select partners only, offers scarce documentation and generally provides limited information about the offering.

trust share

Year founded: 2020

Based in: United Kingdom

Availability: Primarily within the UK & EEA (other countries are possible – see terms)

Pricing:

• Starting at 0.5% per transaction, additional fees may apply

Highlights:

• Payment processing, open banking, credit, and escrow services for merchants
• 220+ supported countries, 35 payout currencies
• Flexible, well-documented API

trust share is a fintech company based in the UK that offers marketplace businesses payment processing, escrow, banking, and credit products. It’s built around a lean and flexible API and is tailored to B2B and consumer marketplaces primarily within the UK and the EEA.

trolley

Year founded: 2015

Based in: Canada

Availability: 35 countries (United States, Canada, Australia, New Zealand, United Kingdom, European Economic Area)

Pricing:

• Monthly + per-transaction pricing (plans and rates vary based on country, features, and payment methods)

Highlights:

• Tailored to P2P marketplaces, online creators, freelancers, and more
• Support for payouts to 215+ countries worldwide
• Supplier tax onboarding, filing, and reporting features

Trolley (formerly Payment Rails) is a cloud-based payouts platform that focuses on simplifying the payout process for online marketplaces, crowdsourcing, and sharing economy platforms and is specifically tailored to online creators and freelancers.

Mollie

Year founded: 2004

Based in: Amsterdam

Availability: 32 countries (European Economic Area, United Kingdom, Switzerland)

Pricing:

• Per-transaction fee (varies depending on the payment method and market)
• Onboarding, verification, and compliance fee (€1.75 per connected account per month)
• Payment routing fee (0.20% over the routed amount)

Highlights:

• Tailored to the European market
• Trusted by more than 130,000 businesses
• Business financing possible

Mollie is a European fintech company that aims to simplify financial services for European businesses by providing payment products and business financing. It serves more than 130,000 businesses, including companies like Dyson, Acer, and organizations like Unicef.

Nuvei

Year founded: 2003

Based in: Canada

Availability: Global

Pricing:

• Not publicly available

Highlights:

• 585+ payment methods, 150+ currencies, 200+ acquirers
• Merchant, customer, and financial reporting dashboard

Nuvei is a payments technology provider based in Canada that offers payment, payout, banking, and risk management solutions to e-commerce businesses and marketplaces in various industries, including online retail, gaming, digital, goods and services, and mobility, among others. Some of Nuvei’s most prominent clients are Riot Games, Wix, Gucci, and others.

FIS Worldpay for Platforms

 

Year founded: 1968 (acquired Worldpay in 2019 and Payrix in 2022)

Based in: United States

Availability: Not publicly available

Pricing:

• Not publicly available

Highlights:

• A custom, purpose-built solution
• Professional, managed, and advisory services

FIS Wordpay for Platforms (acquired Worldpay, Payrix) is a payments platform and managed services provider for e-commerce businesses and marketplaces, offering features such as payment routing, split payments, chargeback management, and more.

 

BlueSnap

Year founded: 2002 (rebranded as BlueSnap in 2013)

Based in: United States

Availability: 40 countries (supports inbound payments from 180+ countries)

Pricing:

• Quick start pricing for per-transaction fees (varies based on merchant location)
• Customized pricing for larger payment volumes or unique business needs

Highlights:

• 100+ payment currencies and 16 settlement currencies
• Integrated fraud & chargeback management with Kount and Chargebacks911
• Third-party integrations to popular e-commerce platforms

BlueSnap is a payment orchestration platform that offers payment solutions to e-commerce businesses, two-sided marketplaces, and SaaS platforms. It serves a wide variety of businesses, such as ABB, MyHeritage, CloudShare, and others.

WePay

Year founded: 2008 (Acquired by JPMorgan Chase 2017)

Based in: United States

Availability: United States

Pricing:

• 2.9% + $0.30 for transaction processing
• $15.00 per chargeback/ACH return
• Additional fees may apply

Highlights:

• Online, mobile, and card-present payments
• Daily, weekly, or monthly payout schedule

WePay is a payment service provider based in the United States that offers integrated payment solutions to platform businesses, including crowdfunding platforms, marketplaces, and small business software companies.

The company was founded in 2008 and acquired by JPMorgan Chase in 2017. It powers thousands of businesses across the United States, including companies like GoFundMe, Infusionsoft, and Eventzilla.

Dwolla

Year founded: 2008

Based in: United States

Availability: United States

Pricing:

• Not publicly available

Highlights:

• Tailored to US businesses
• Supports ACH, wire, and other transfer types
• Established a platform with a track record of success stories

Dwolla is a payment service provider that offers custom payment flows, wire transfer automation, and digital wallet services to e-commerce, mobile, and other businesses in the United States, such as GOAT, Wagmo, and Tippy.

Zai

Year founded: 2021 (merger between CurrencyFair and Assembly Payments)

Based in: Australia

Availability: Global

Pricing:

• Not publicly available

Highlights:

• Tailored to Australian businesses
• Simple and customized payment flows
• Transaction monitoring and fraud protection

Zai is a financial services company aimed at mid-market and enterprise-level businesses that were formed in 2021 from the merger of CurrencyFair and Assembly Payments.

The company offers e-commerce platforms and marketplaces simple and customized payment processing flows, built-in KYC and AML tools, and enhanced due diligence features.

Nochex Lynx

Year founded: 1999

Based in: United Kingdom

Availability: United Kingdom

Pricing:

• Per-transaction fees (2.9% + 20p, 1.9% + 20p for charities)

Highlights:

• Managed payment services
• Supports charity donations and fundraising

Nochex is a United Kingdom-based payment platform and a merchant account solution that offers payment processing services to online marketplaces through its Nochex Lynx product and has a separate pricing tier for charities accepting donations and fundraising.

Razorpay

Year founded: 2014

Based in: India

Availability: India (supports inbound payments in 100+ currencies)

Pricing:

• Per-transaction fees (starting at 3%, vary based on method)

Highlights:

• Different payment flows, modes, and methods
• Business banking and lines of credit are possible
• High-quality documentation

Razorpay is an all-in-one fintech platform for e-commerce and marketplace businesses in India that offers payment processing, routing, disbursement, bank transfer automation features, banking and payroll services, and capital loans.

Cashfree

Year founded: 2015

Based in: India

Availability: India

Pricing:

• Split payment fee of 0.1% per split
• Additional fees apply based on the payment method, type, and feature

Highlights:

• Tailored to e-commerce, education, lending, and insurance businesses
• Offers banking as a service and capital loans

Cashfree Payments is a payments and banking platform in India that offers e-commerce, marketplace, and other types of businesses payment collection services, on-demand payouts, KYC/AML, and banking as a service features.

PagSeguro

Year founded: 2006 (Split 2016)

Based in: Brazil

Availability: Brazil (supports inbound payments from 17 countries)

Pricing:

• Fees vary based on country and business type, see website

Highlights:

• Support for over 140 local payment methods
• Recurring and installment payments
• Unified reconciliation for all countries

PagSeguro is part of Universo Online, the largest in Brazil online platform for internet products and services, such as payment processing, e-commerce solutions, hosting, and security.

PagSeguro offers marketplace payment processing with support for split payments, over 25 payment gateways, and 140 local payment methods, as well as its own POS system.

MercadoPago

 

Year founded: 1999 (as part of Mercado Libre)

Based in: Argentina

Availability: Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Venezuela

Pricing:

• Fees are based on the payment method and withdrawal period, see the website

Highlights:

• Accept payments via cards, payment links, QR codes, and more
• Checkout extensions for the most popular e-commerce systems
• Subscriptions and installment payments

As an offshoot of Mercado Libre (Latin America’s most popular e-commerce site), MercadoPago was set up as a secure payment system to allow customers more payment options.

It allows two-sided marketplace businesses to make collections on behalf of vendors and charge commissions on the transaction.

PayU

Year founded: 2002-2006 (Naspers, PayU)

Based in: Netherlands

Availability: Global

Pricing:

• Fees vary based on country and payment method

Highlights:

• 10m daily transactions, 450,000+ merchants
• Smart Routing Engine to maximize payment approval rates

PayU is a global fintech company that offers online merchants and two-sided marketplaces payment processing with split payments, delayed and installment payments for higher value carts, as well as custom payment pages and mobile payments.

Iyzico (by PayU)

Year founded: 2013

Based in: Turkey

Availability: Turkey

Pricing:

• 2,49% + 0,25 TL per transaction

Highlights:

• Tailored to marketplace businesses in Turkey
• Offers a desktop and mobile app for merchants

Iyzico (acquired by PayU) is a Turkish financial technology company that offers simple payment processing and anti-fraud products to e-commerce and marketplace businesses, as well as shopping and banking products to consumers.

YapStone

Year founded: 1999

Based in: United States

Availability: United States

Pricing:

• Not publicly available

Highlights:

• Multi-party, split, and advanced payments
• Fully automated merchant onboarding and verification

YapStone is a payments platform for e-commerce businesses that offers payment processing, split and multiparty payment features, and fraud detection services.

Tipalti

Year founded: 2010

Based in: United States

Availability: Global

Pricing:

• Starts at $149 per month + per-transaction fees

Highlights:

• Payments in 196 countries with 120 currencies
• 26,000+ payment validation rules, 4,000+ tax compliance rules

Tipalti is a payment and accounting solution that offers businesses mass payout and disbursement solutions with full tax and regulatory compliance, invoice and purchase order management, and a supplier portal for self-service, and it is used by businesses like WP Engine and GoDaddy.

Hyperwallet (by PayPal)

Year founded: 2000

Based in: United States

Availability: Global

Pricing:

• Not publicly available

Highlights:

• Fund payouts in 28 currencies via bank transfer
• Settle funds via Braintree and PayPal checkout

Hyperwallet (by PayPal) is a payout processing service for online stores and marketplaces that offers flexible payout capabilities and reporting features to businesses of all sizes and integrates with PayPal for features like multi-currency funding.

…a few that didn’t make the cut

Here are a few payment platforms that used to offer marketplace payment processing in the past, but are either unavailable or don’t offer services tailored to marketplace platforms anymore:

• Braintree (by PayPal)
• Nummuspay
• Computop
• Wannme
• Treezor
• Pasture
• RBK Money
• PayAnyway / Moneta.ru

How do you choose the best payment solution?

That’s a lot of payment processors! A little overwhelming, perhaps.

Selecting the right payment solution for your marketplace is crucial, but how do you choose the right one when there are so many different choices available?

Here are a few tips:

First, decide what features you need and which ones are optional. Do you need recurring and subscription payments? Can you live without custom payment routing?

Then, find out what processors are available in your region that offer the functionality you’re looking for. In most cases, this will narrow your choices down to a few processors.

Finally, make sure you can integrate the solution of choice into your marketplace platform software. The better documentation and integration options, the easier your job will be.

So, ask yourself the following questions before getting to work building your marketplace:

• What types of payments will I be dealing with as a marketplace platform owner?
• What payment solutions are available in my region that meet my requirements?
• What will payment processing cost me and how do I factor this into my business model?

Knowing the answers to these questions will help you find the perfect payment processor for your marketplace.

I want to make starting a marketplace simple and help marketplace owners turn their platforms into successful businesses. If you’ve found this helpful roundup, please help spread the word and share it.

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