A managed nodal account to power your marketplace

All the payments completed via Cashfree on your webstore will be directly settled to your Marketplace Settlements account and be available for disbursal. These transactions need to be assigned to a vendor's ledger -- either manually or via the API. Now as you add transactions on Shopify, Magento or another platform, these will get assigned to your vendors will be settled automatically.

You can choose to have a pre-defined percentage for a vendor. It is also possible to specify the vendor commission as a percentage or fixed sum while adding a transaction and assigning it to a vendor.

Refunds can be managed by adjusting the vendor ledger balance. This will ensure the refund amount is adjusted from subsequent vendor settlements.

No. Marketplace Settlements lets you run a marketplace using a split payment gateway without having to open and operate a nodal account. Marketplace Settlements runs on Cashfree's managed nodal account and doesn't need you to worry about auditing and compliance.

Yes. Multiple vendors can be assigned with percentage commission or numeric commission amounts while adding a transaction. Additional vendors may also be added to an existing transaction.

Yes. Just like vendors can be attached to a transaction, vendors can also be removed from an existing transaction. It is also possible to transfer the ledger balance of one vendor to another vendor.

Yes, this is possible by modifying your account preferences. By default, pending vendor balances get settled automatically daily as per the regular settlement schedule. It is possible to disable automatic settlements and make a settlement request for a vendor id with the transfer amount. Cashfree checks for available vendor balance and if it's sufficient, we trigger the transfer to the recipients bank account. This process is synchronous i.e. you will receive the transfer status in the same API call. List of settlements can be retrieved.

Yes, your account preferences can be setup to allow vendors to be added automatically with zero lag time. Please consult your account manager or email us to adjust your vendor activation period.