I'm building a 2-sided marketplace wherein users can buy + sell advice, and pay for with micro-payments (Fiverr + Clarity = here in Canada. I'm pretty sure I need to hold the funds and let people build their balances before withdrawing, as most of their payments will be less than $10. Assuming I do hold funds, how big of an undertaking is it to hold funds for users? Are there many regulatory requirements? Any third-party services that do this in Canada?

Check out
They are made for marketplaces.

Airbnb CEO among others invested in them and they have some of the best pricing/payout fees.

Also some good info on
One of Balanced Payments co-founders is writing this blog series on marketplaces.

Answered 8 years ago

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