How to Build Network Effects and Integrate Payments as a Marketplace with Nick Fulton
Payments Innovation · Currencycloud
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Show Notes
Marketplaces of the past used to work by collecting money from a card, funneling that money into an operational account, and then bank transfer funds out the account.
Which means: A lot of money sits between buyer and seller.
But what happens when the company holding your money suddenly fails?
A question asked by Nick Fulton, Co-Founde r & CEO at trustshare, who join s the show to discuss why a marketplace wants to go transactional, changes in regulation, the loss of revenue due to payments made outside the marketplace, and helping marketplaces grow through excellent customer service.
Join us as we discuss:
- The lightbulb moment that led to the founding of trustshare
- B2B & B2C marketplace growth impact
- Who’s driving the expectations of payments within the marketplace
- How fraud is being mitigated
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Until next time!
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