To reduce the risk and to enhance the profit marketplaces may put in place chargeback alert services as a defense mechanism. Marketplaces can also try to use multiple payment processing solutions so that they are not keeping all the eggs in the same basket.
Depending upon the volume of the marketplace processors may show interest. There may be a challenge for a Startup but should not be a challenge for a business that is already processing.
At Quadra services, we are proud of a partnership with multiple payment processors from across the globe. We do not process but we understand the payment processing industry and that is why we connect merchants from the Marketplace Industries directly to a recognized and reliable payment processing solution provider.
At this point in time, we do have a great solution from the United Kingdom for Merchants in the Marketplace industry. Merchants should keep a couple of things in mind.
They should not allow their marketplace to be used to sell prohibited items. There are some services are considered extremely high risk. Marketplaces should avoid given the opportunity to sell PC Tech Support Services.
We have seen few applications getting rejected just because the marketplace was allowing tech support related services on the website. They should also refrain from offering psychic healing kind of services on the website.
Although there may be credit card processing solution for psychic and tech support for a marketplace you should stay away from hosting them.
we will be happy to take the conversation further in case if you need any assistance in getting a Credit Debit Card Payment processing solution for your Marketplace.