eXcesS Capacity provides Buyers and Sellers with 2 payment gateways PayPal and Stripe. Since venmo is an online payment service acquired by PayPal in 2014 Buyers may also submit payments via venmo.
Which payment gateway a Seller provides prospective Buyers affects when the Seller is paid.
If a Seller offers Buyers PayPal as a payment option, then the Seller is paid after the Buyer payment, for example via
- a major credit card including American Express, Discover, MasterCard, Visa
- PayPal account
- venmo account
is authorized and the Seller accepts the Buyer request to purchase or rent the Seller’s product or service. This is before the Seller exchanges a product or service with the Buyer.
If a Seller offers Buyers Stripe as a payment option, then the Seller is paid when the Buyer “marks the order as completed“. This is after the Seller exchanges a product or service with the Buyer.
Details regarding workflow are described in the following sections
“Connect Your Marketplace Account to Your PayPal and Stripe Accounts (Step 3)”
“PayPal and Stripe Payment Processing Workflow”
in the “How it works” web page.