Marketplace

Xfers Business Solutions are designed specially to cater to the three typical types of Marketplace platforms

Business-to-Consumer
Platform which conducts transactions between business to consumers only.

e.g: Partipost

Business-to-Business
Platform which conducts transactions between business to business only.

e.g: Eezee.sg

Consumer-to-Consumer
Platform which conducts transactions between consumers to other consumers only.

e.g: Airfrov

Payment Processing

We enable Marketplace platforms with the ability to offer to users two types of payment options: to accept local bank transfers and credit card payments, and facilitate disbursements to relevant third parties in Singapore. Xfers Business Solutions provide a versatile set of building blocks to support Marketplace platforms’ typical payment requirements.

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Transaction Payment Option
We provide both bank transfer and credit card payment options. The bank transfer payment option, with its lower fees, allows you to minimise the cost of payment processing, and potentially pass the savings to your users.
E-Wallet Payment Option
An E-Wallet provides users with the power to fund multiple purchases with a single transaction, cutting down the hassle of multiple payments for multiple products, hastening checkout times.

Platform Escrow Feature

One of the most significant functions of Marketplace platforms is the ability to play the role of a trusted middleman. This Platform Escrow feature allows you to fully customize your platform’s escrow needs. Payments will be settled into your Xfers e-wallet, after which you can program and customize when you would like to release the payment to the intended recipients based on your business logic.

Routing Payments

One of the biggest challenges for Marketplace platforms is handling the complexity of managing disbursements to multiple intended recipients on an automated basis.

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Xfers Business Solutions allow full control of how you would like to disburse. Be it splitting of a single payment, routing to multiple recipients, or customizing the business logic before paying the intended recipients, your business will be empowered with the ability to get recipients paid faster whilst reducing administrative overheads such as handling reconciliation issues. Whether it is a business where you are catering one to one, one to many or many to many, Xfers Business Solutions support virtually any business model in Singapore.

Integration Options

SDK

The Xfers SDK makes it easy to build an excellent payment experience in your app. It provides powerful, customizable, UI elements to use out-of-the-box to collect your users' payment details.
View on Github

APIs

Use our suite of APIs to customize your platform’s payment UX.
View Documentation
For sales enquiries, please contact us at [email protected]