What will be my sharing economy payment flow with MANGOPAY?
Mangopay fits all kinds of sharing economy platforms: fashion, rentals, jobbing, etc.
You can decide whether the buyer has to pay up-front (with his favorite payment method) or simply pre-authorize the payment with guarantee of the funds until the seller validates the basket.
You are able to choose how long the funds may be escrowed and what is your refund policy.
You may configure the exact moment you want to collect your fees according to the seller, product type or risk level.
The only requirement is to respect MANGOPAY's KYC and fraud rules as well as the European banking legislation.
If you need help in designing your customized payment flow, ask our support team. Our compliance team can also validate your payment flow to make sure that MANGOPAY fits your business needs. Check out this article to better understand the type of models MANGOPAY's API supports.