Visa partners to streamline marketplace payments

20 de diciembre, 2018

Tiempo estimado de lectura: 2 minutos

Visa is partnering with London-based payments startup Shieldpay to enable credit and debit card payments on peer-to-peer networks and classified ad sites

Shieldpay’s technology, its digital escrow service, reduces the risk of fraud by verifying the identities of all people involved in the transaction and holding the funds until all parties are satisfied. The partnership will leverage Visa’s CyberSource platform, Visa’s payment management solution that enables industries that don’t have digital payments to use them. Fraud is a major concern for marketplace platforms, so offering a solution to address this problem can allow both firms to see substantial volume as online marketplaces grow. Marketplaces accounted for more than 50% of global online retail sales in 2017 and are poised to own just under 40% of the global online retail market by 2020.


Te puede interesar