Charge marketplace commission and apply fees to vendors without touching the funds.
Balance would take care of collections from the buyers and payouts to the vendors so the marketplace can remain out of the funds flow. We would charge the commission on behalf of the marketplace and transfer it to their Balance account.
Automatically settle every payment to its appropriate vendor account while you as a marketplace get complete transparency over the payout flow. Balance will automatically trigger payment to the vendor after the buyer has paid.
In a financed transaction, vendors will receive the funds to the bank account they’ve set in their account settings, within
1-2 business days.