Hi guys,
I want to build an online store site(pay someone to do it). The goods to be sold will not be mine. Asin a site that people can list their products( only a specific brand tho). They will have to pay a minimum fee to list their goods and there will be a platform where the seller can discuss with the buyer. BUT my problem is how will each seller be paid. Asin after the buyer has entered his or her credit card details on my site how will the cash be reflected on the sellers profile. Please note that the cash will be held until a comfirmation has been made by the seller.. Asin I will act like an escrow.. Mhen I confuse

Go to your bank!

The buyers pay with credit card? If yes you setup a "middle man" something like a merchant account. Maybe with interswitch, payGo,PayPal etc
Hence you pay,they credit it for you some where and when you want to debit it, you provide something like a domiciliary account, if it's gonna be transferred in naira you give your local account.

Read up Merchant services.

gimakon:
The buyers pay with credit card? If yes you setup a "middle man" something like a merchant account. Maybe with interswitch, payGo,PayPal etc
Hence you pay,they credit it for you some where and when you want to debit it, you provide something like a domiciliary account, if it's gonna be transferred in naira you give your local account.

Read up Merchant services.

Thanks man. My problem is how will my listers receive their money cos all I will do is create the platform where the transaction will take place and buyers will contact sellers directly but the payment will be in my account, like an Escrow service. So when the goods is confirmd the payment will then be reflected in the sellers profile in my site. The seller can then send it to his account

fighal:
Thanks man. My problem is how will my listers receive their money cos all I will do is create the platform where the transaction will take place and buyers will contact sellers directly but the payment will be in my account, like an Escrow service. So when the goods is confirmd the payment will then be reflected in the sellers profile in my site. The seller can then send it to his account

If this is what am thinking, let them make the payments vis credit card to you, then you go to the bank and make respective payments to accounts where you should make payments to

Suppose you have internet banking, you could as well do the same. Shezam

gimakon:


If this is what am thinking, let them make the payments vis credit card to you, then you go to the bank and make respective payments to accounts where you should make payments to

Suppose you have internet banking, you could as well do the same. Shezam

OK. Thanks A lot I really appreciate