A managed nodal account to power your marketplace

Automatically split payments with your vendors after every purchase.

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Running a marketplace
made supereasy

Vendor Management simplified

Split payments to vendors correctly: On time and automatically. Control settlement cycle, payout adjustments and commission structure.

Split payment gateway settlement

Connect with Cashfree's split payment gateway to pay your vendors faster from Cashfree's nodal account. No need to send additional instructions to trigger payouts.

Works for offline or cash on delivery orders

Any online or offline transaction can be added and settled using our API without the need to open and operate a nodal account. Transactions from other payment services can be added along with adjustments for refunds.

Testimonial

Everyday we receive 2000+ donations against hundreds of our fundraisers. Previously there was manual work involved in compilations and then the funds were released via corporate net banking. This was error prone and tedious.

Marketplace Settlement helped us move away from Excel files and human intervention is now minimal in the payout process. All receipts are automatically tagged to the correct vendor and settlements are completely automated. It is simple to use and the money flow is hassle-free.

Zaheer Adenwala

Co-founder & CTO | Ketto

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FAQ

It is strongly recommended to integrate Cashfree's payment gateway for collections along with Marketplace Settlements. This ensures payments are assigned to vendors automatically and settled faster. It is also easier to handle refunds. However, vendor settlements can be carried out for transactions captured through any other medium like cash on delivery or an alternate payment provider.
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.