Buyer payments and seller payouts, with fees taken from proceeds
Buyers pay after inspecting the cards, sellers are paid into their own payment account, and the marketplace fee is paid by the seller and taken from proceeds, so buyers never pay more than the agreed price.
- Status
- In Progress
- First discussed
- Development started
- Last updated
Overview
After inspection, the buyer pays the final amount for the cards they kept. The payment goes to the seller's own connected payment account, and the marketplace fee is deducted from the seller's proceeds at that moment; the buyer never pays more than agreed. Every quote and transaction keeps a copy of the fee rules in force, so later fee changes never affect a deal already made, and refunds return the fee too. Payments are not switched on yet.
Completed work
- Seller-paid fees with versioned fee schedules copied into every quote and transaction
- Estimated proceeds shown to sellers before they accept an offer
- Buyer payment after inspection, paid directly to the seller's connected account
- Payments confirmed only by verified payment-provider events; refunds return the fee
Milestones
- Completed
Fees, payments and payouts built
- Not Started
Real payment test run
- Not Started
Fee schedule active
- Not Started
Payments enabled
What “done” means
The outcomes this item has to deliver. Each is marked as it is confirmed.
Seller proceeds equal the agreed price minus the fee, and the buyer never pays more than agreed
Met
A buyer can pay and the seller receives the money
Not met yet
A refund doesn't charge the seller a fee on returned money
Partly met
Development updates
No development updates have been posted yet.