Marketplaces As Retail's New Front Door

PYMNTS, in collaboration with Visa, surveyed nearly 1,100 online marketplace sellers from across the U.S. to better understand how each uses marketplaces, the types of products they list and how they receive payouts. We found that businesses selling via online marketplaces wait an average of 3.3 days before they receive sales proceeds, and 27 percent of those businesses report waits of three to five days. Download this eye-opening report for details of how online marketplace dynamics are improving sellers’ and buyers’ experiences.

Done in collaboration with Visa

Inside the August study:

• Eighty-eight percent of all business sellers are paid by their marketplaces. The same is true for 35 percent of all individual sellers.
• The average business seller waits just over three days for funds to settle. Small businesses and individual sellers wait just over two days, on average.
• Offering real-time settlement drives incremental volume for marketplaces. Marketplaces that offer real-time settlement could capture a collective $129 billion to $216 billion per year in sales from U.S. sellers who say they would be willing to switch.