Any payment processor for this purpose? Hi, Long ago I used to collect payment on behalf of sellers, take my commission, then forward remaining amount to sellers. Basically, I acted like a broker. I used paypal buttons for this purpose. Now, paypal seems to have depricated the "Buy Now" buttons, and their new checkout system looks too hectic to work with. Is there any other payment processor I can use? Someone who maintains a balance like paypal does, so that I can forward the remaining amount to the seller at a later date. If the payment processor can process cards from different countries, like USA, UK, India, Australia, etc, then that will be best. Thanks
Generally Skrill not allow everyone to open business account but if you can open then one of the best payment gateway ... conversion rate is also very good. Normally you can get payment there and can use wallet to send payment to other.
Payoneer, WISE and several others have this kind of functionality you need. You can create a balance in different currencies and even get your bank account details in some currencies (for wire transfers). They allow you to process card payments in any currency. I have used them in the past for dropshipping needs.
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Hi Jeet. I use Stripe to do this exact thing. My buyers pay by credit card and I pay out to connected accounts through their api. Works perfectly. I wrote my interface to it in java. Let me know if you want to know more. I can even send you code snippets.