Platforms must never collect payments themselves and then transfer them to sellers; funds must be settled directly via a licensed payment institution.
If a platform first receives buyer payments into its own account and then forwards them to sellers, it is effectively operating a payment business. Ru…
- Cost
- No monetary cost is involved. However, it requires some time to integrate a product from a…
- Benefit
- According to regulations, a payment business is defined as “transferring monetary funds ba…
