How does money flow for an online payment on a multi-vendor order (company collects, splits)?
For an online payment on a multi-vendor order, the main company collects the full payment, then transfers each vendor's share minus commission. So the platform is the collector of record, and at settlement it distributes to vendors what they're owed after taking its commission. This centralizes the customer-facing payment (one charge, one collector) while still paying out multiple…
For an online payment on a multi-vendor order, the main company collects the full payment, then transfers each vendor's share minus commission. So the platform is the collector of record, and at settlement it distributes to vendors what they're owed after taking its commission. This centralizes the customer-facing payment (one charge, one collector) while still paying out multiple vendors correctly behind the scenes — the natural model for a marketplace that processes payments centrally.