Paragaia has deep understanding of payment solutions and the surrounding landscape such as regulatory restrictions, requirements linked to the business model etc. We have helped several customers to understand the regulations and how they can best set up a solution that is optimized for the business.
What changes when an online retailer decides to add a marketplace to their existing e-com, thus creating a hybrid marketplace with their owned products as well as the third-party seller products?
As an online retailer you probably have an existing way of handling payments and a familiar way of buying products, putting them into a warehouse and fulfilling the orders by yourself or through a third-party logistics provider. All that would change with the hybrid Marketplace.
Paragaia’s experts can help you to understand the legal changes that you need to think about, in addition to the plethora of other necessary changes. Any retailer that decides to run a hybrid marketplace has the following legal areas to deal with:
How does an agreement with your sellers look like?
The retailer is likely very used to buying products from their suppliers. However, this new situation is quite different since you now act as a marketplace operator. As an operator of a marketplace you offer the opportunity to the seller to sell on your marketplace in exchange. for a commission you charge on the sales. Therefore, a new agreement needs to be written.
How do you make sure that you don’t touch the money flow in order to be compliant with EU-legislation?
Can I keep my existing Payment Service Provider, or do I need to make any changes? That this is actually necessary may come as a surprise but it’s actually a requirement if you want to be fully compliant.
In addition to advising on the legal regulations that affect your payment flows, we can also advise and use our expertise to help you with the selection and implementation of PSP (Payment Service Provider).
To get a deeper knowledge of how we help our customers, please take a look at some of our customer cases:
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We are happy to help you when you want to take your e-commerce solution to the next level.
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