Marketplaces
Every order can settle sellers, delivery and the marketplace together.
Marketplace payments look simple at checkout and become complex the moment sellers, delivery partners and reserves need to be paid.
The financial workflow
- 1Customer pays the marketplace
- 2Order value is held pending fulfilment
- 3Seller, delivery and platform shares are calculated
- 4Payouts are released after fulfilment rules
- 5Each order is reconciled to its payouts
Where fragmentation occurs
Order systems know the sale. Payment systems know the charge. Finance teams reconstruct the rest by hand.
How Setlo fits
Setlo sits between the marketplace collection and the participant payouts so the commercial rules become the settlement rules.
Example payment flow
Customer
৳ 3,400
Marketplace
Sellers
Delivery
Reconciliation
Financial infrastructure for businesses across emerging Asia.
Money should be easier to run.
Setlo is building the system for it.