Digital payments company Skrill has launched its payments solution for digital marketplaces.
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Skrill said that its digital marketplace proposition offers merchants an ideal solution that meets the requirements of the marketplace business model.
Specifically, the new solution enables marketplaces to move money quickly from one customer to another, while also dealing with complex challenges in relation to regulatory and payment network compliance.
According to Skrill, the solution will help online marketplaces manage online payments between their buyers and sellers, without being involved in the flow of funds themselves and therefore helping to address compliance challenges.
Chantal Willis, vice president of e-Commerce at Skrill, said: "At Skrill, we pride ourselves on investing and developing innovative and specialist solutions that help to address our customers’ complex payment challenges.
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By GlobalData"Our proposition for digital marketplaces offers a scalable, global solution, delivered through a single integration. This means marketplaces can concentrate on running their business, knowing that their payments are in safe hands."
