One of the biggest challenges for modern e-commerce and fintech developers is building checkout and payment processes that feel seamless, fast, and secure. But you also have to be aware of the user experience (UX).
Shopping online can often feel impersonal to the buyer as they’re ushered from one screen to the next. Along with security concerns, the impersonal nature of websites is one of the reasons many consumers are still reluctant to shop online. How can you address these concerns programmatically? What steps do you need to take to give users a more personalized payment experience?
One way to achieve this is by providing buyers with more payment options. But this does add an additional layer of complexity both programmatically and in terms of UX design. And how do you build an effective payment process with all these demands?
This article explores the essential design and performance considerations of building a marketplace payment processing system.
## What Is Marketplace Payment Processing?
Marketplace payment processing describes the functions, procedures, and technologies involved in online transactions, typically in a multi-vendor platform. This includes payment acceptance from buyers, sending payouts to the sellers, and possibly building a way to store funds on the