Stripe

Stripe is one of the best online payment processing for internet businesses. It is a suite of payment APIs that powers commerce for online businesses of all sizes, including fraud prevention, and subscription management. You can use Stripe’s payment platform to accept and process payments online for easy-to-use commerce solutions.

Benefits
1. Easy to use:

The biggest advantage Stripe has over similar services is it’s incredibly easy to use and everything is built-in, including card storage, subscriptions, and bank payouts. It's also easier to setup recurring payments on Stripe.

2. No merchant account or gateway needed:

With Stripe, you don't need any merchant account or gateway for making payments.

3. Discounts and Coupon codes:

With Stripe, it's easier to create and manage discounts and coupon codes for your customers so that they will indulge more on your product or services.

Who should use this addon?
This add-on can be used by those marketplace owners who would like to build their e-commerce environment with Stripe's API. It's also useful for those customers who don't have developers working for their website. Stripe allows them to partner up with one of the many e-commerce platforms to build a store.

Details
The best software platform for running an internet business that's easy to use and implement even without coding knowledge.

Why use this?
With Stripe, one can create and manage the recurring payments that are suitable for offers and membership plans. Also, Stripe is easier to implement than other payment methods.

Use Cases:

1. No extra fees.
   
2. Quick setup.
   
3. Allow subscriptions, card storage and more.
   
4. Easy testing.
   
5. More secure.
   

How it works
To set up Stripe for commission payments on your marketplace, go to your site’s admin panel and click on “Addons”

You will be redirected to the add-ons page. You can see a bunch of pre-installed add-ons there. Find the “Stripe” add-on and click on its “Settings”. 

Note: Check if the toggle icon is on before clicking on “Settings”

Now, you would need to connect your marketplace with your Stripe account. For this, you would need your Client ID, Publishable key and a Secret key provided by Stripe.

Once you’ve entered all your API keys, you would need to enable it by setting the Is enabled option to “Yes”.

Congratulations! You’ve now enabled Stripe payments for your marketplace.