SpectrumPayment Solutions
All terms
Payment Methods

Marketplace Payments

Payment flows for platforms that connect many buyers and sellers, including split payouts to third parties. Marketplaces face added complexity around onboarding sellers, distributing funds, and managing risk across many sub-accounts.

Marketplaces effectively take on some of the responsibilities of a payments provider, so choosing infrastructure built for split payouts and seller onboarding is essential.

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Related terms

Approvals & Underwriting

Payment Facilitator

A company that onboards sub-merchants under its own master merchant account and takes on the associated risk and compliance. PayFacs speed up onboarding but apply their own risk appetite, which frequently excludes high-risk categories.

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Payments & Settlement

Settlement

The process of moving funds from captured transactions through the networks to the merchant's account, usually in daily batches. Settlement is when a sale actually becomes money you can spend, minus fees and any reserve.

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Payments & Settlement

Payout

The deposit of settled funds into a merchant's bank account after fees and reserves are applied. Payout speed and schedule vary by provider and risk profile and directly shape a business's working capital.

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