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Are you acting as middleman ? In the sense, people are paying you money for products/services you don't own ? (An example would be online travel companies) If
by boundlessdreamz 17y ago
Are you acting as middleman ? In the sense, people are paying you money for products/services you don't own ? (An example would be online travel companies)
If that is the case, which gateway did you choose. From the gateways I spoke to this type of operation is difficult to get approved unless the final vendor itself has a merchant account. Was that the case in your startup?
- sachinag 17y agoYes, Dawdle.com acts as a middleman between buyers and sellers. We got a merchant account through Paymentech and used Payflow Pro as our gateway to take money in and used PayPal's Mass Pay API to send money out (after an aborted attempt to use ACH for disbursement). Dawdle is the merchant of record and so holds the proceeds in escrow for some period of time to mitigate risk.