When you make a payment on ThingPark Market, you pay this amount to sellers, who are responsible for sale-related aspects.
ThingPark only helps to interface buyers with sellers and process the financial flow.
Payment transaction is following a specific process:
- ThingPark Market resorts to payment solution providers to capture the transaction
- ThingPark Market collects payment funds on seller’s behalf on a dedicated account where funds are kept secured till merchandise is delivered to buyer
- Upon payment receival, ThingPark Market sends z Purchase Order to seller for shipment preparation
- Once merchandise is delivered to the buyer, the final payment to seller is processed