As a marketplace, you can offer additional financial products to your users to make your marketplace more flexible, and improve your users' experience.
You can offer the following financial products:
- Card issuing
- Business accounts
- Business financing
Account structure
To comply with payment scheme regulations, you must have a balance platform and merchant account in each region that you are registered and wish to acquire payments.
If you are a global marketplace with multiregional sellers who can transfer funds to each other:
- You must have a single balance platform for all your acquiring regions.
- You cannot offer additional financial products to your users.
In the following example, you have a large online marketplace called Online Marketplace LLC and want to offer the following additional financial services to your users:
- Issue cards to pay for shipping costs.
- Create business accounts for your sellers to receive payments.
- Offer business financing to your sellers to expand their business.
You can classify resources based on whether they belong to your marketplace or to your user(s).
Resources belonging to your marketplace
-
A company account (OnlineMarketplaceLLC), that represents your business entity.
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Three merchant accounts, organized by country/region, to manage regionally available payment methods (NL, DE, and US):
- OnlineMarketplace_NL
- OnlineMarketplace_DE
- OnlineMarketplace_US
-
Two balance platforms, one for each region in which you acquire payments (EU and US):
- OnlineMarketplace_EU
- OnlineMarketplace_US.
-
A liable account holder for your platform, and a liable balance account to hold your platform's funds.
-
A legal entity in each acquiring region, containing information about your marketplace. This information is needed for required Know Your Customer (KYC) verification checks.
-
(Optional) A grant account to track the total amount of the business financing offers that you granted and that the sellers need to repay after they accept the offer.
Resources belonging to each user:
-
At least one account holder for each country your user operates in, defining their payment processing capabilities.
-
For each account holder, at least one balance account with a defined base currency, to hold your user's funds.
-
For each account holder, one or more balance accounts to link to your user's payment instruments (business account and/or Adyen-issued card). If your user has multiple payment instruments, you can link them all to the same balance account, which must be separate from the balance account that holds your user's funds.
-
For each balance account, a transfer instrument (verified bank account) to pay out that account's funds.
-
(Optional) One or more payment instruments, whose transactions are processed using the funds in your user's balance account. These can be:
- An Adyen-issued card for each delivery driver, that they can use to pay for business expenses.
- A business account for each restaurant, that they can use to pay their suppliers and partners.
-
A legal entity in each country your user operates in, containing information about their business. This information is needed for required Know Your Customer (KYC) verification checks.
Diagram
The following diagram shows how these resources are connected.
