2 ms·

I've no idea what they mean by "marketplace"

• singlow 10y ago
  Common term for a site like eBay or Etsy where multiple sellers run stores that share a centralized cart and check-out.
• samtho 10y ago
  A place where users can sell products or services to other users on the site. This creates a logistical problem where you are collecting payments from users and (potentially) paying out to the same users.
• jonlucc 10y ago
  Essentially a marketplace accepts funds and disperses some of those funds to another party. One example is Uber: they take payment from the rider and give some of that to the driver.
• mbesto 10y ago
  Consumer buys product X on Website Y and Website Y pays provider Z. $ flows like this: X -> Y -> Z Consumer -> Marketplace -> Provider Now marketplaces can basically transact from Consumer to Provider instantly. That's huge.