Acapture has rolled out a PSD2-compliant payment offering, dubbed SlicePay, that will support merchants to handle complex split settlements.
Marketplaces, sharing economy operators, franchises, online travel agencies and other companies which handle third-party funds can use SlicePay to handle their seller’s transactions regardless of whether or not the seller is a client of Acapture.
Acapture, which is a licensed payment institution in the EU, will process and collect the funds, which are then securely stored in a trusted third-party account.
The merchant can instruct the system to split transactions and payout funds to its sellers through simple and automated set of APIs calls, Acapture said. The seller can receive funds directly into their bank accounts, with no need for e-wallets.
Acapture vice president of product John Snoek said: “Online marketplaces are currently experiencing massive growth and that’s what they should continue to focus on: refining and following their own growth strategies. When developing SlicePay we aimed to offer such companies a flexible, cost-effective payment solution that makes PSD2 compliance feel easy, allowing them to concentrate on developing their business.”