Payments for Platforms is a solution for clients who operate with a platform business model to build an ideal end-to-end payment experience in their ecosystems. Typical clients include marketplaces, SaaS platforms, on-demand service providers, etc.
With Payments for Platforms, you can enjoy the benefits including:
- Easily connect your sellers, service providers, or sub-merchants to your platform
- Provide multiple financial products to your connected accounts while staying compliant with the existing local regulations (like PSD2 in Europe)
- Reconcile fund flows between you and your connected account at the transaction level in an easy way with reports generated by Airwallex
Choose your ideal model
We understand that each platform is different and there are many factors to consider when choosing the right model to integrate with. The table below provides a summary view of the currently supported models and how those behave in regards to the platform and connected account.
|Payments owned by Connected Account||Payments owned by Platform Account|
|Who will receive the principal amount of payment?||Connected Account||Platform account|
|Who will bear the reserve?||Connected Account||Platform account|
|Who will bear Payments fees?||Connected Account||Platform account|
|Who will bear Chargeback?||Connected Account||Platform account|
|Who is responsible for handling disputes?||Connected Account||Platform account|
|Can payment methods differ per Connected Account?||✅||⛔|
Payments for Plaforms has no restriction on integration methods, you could select the one that best suits your needs from all available options that Airwallex supports.
|Integration Type||Supported||Requires PCI-DSS||Notes|
|HPP (Hosted Payment Page)||✅||PCI-DSS SAQ||Self-service questionnaire, all Merchants can do it|
|Embedded Fields||✅||PCI-DSS SAQ||Self-service questionnaire, requires additional knowledge|
|Drop-in Elements||✅||PCI-DSS SAQ||Self-service questionnaire, requires additional knowledge|
|API||✅||PCI-DSS AOC||AOC by 3rd party required|