Taking payment for products you are not providing

[sk24iam]

I'm wondering how companies operate that take credit card payment for products they are not providing.

For instance, half.com allows users to sell their books through their website. Buyers can purchase listed books with credit card, in which half.com then transfer the money to the seller through ACH.

I'm wondering how half.com prevents chargebacks and fraud. And how do they get accepted by merchant services?


If anyone has any knowledge on resources on this subject it would be very helpful. Thanks

 

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[awesom-o]

Funny I was about to ask the same question

Sorry to hijack your thread but seems pointless to create a new one which can help us both out!

I was wondering if a gateway exists which allows payment between members of a site then in turn you take a percentage of the transaction?

 

[Anon3587x]

Funny I was about to ask the same question

Sorry to hijack your thread but seems pointless to create a new one which can help us both out!

I was wondering if a gateway exists which allows payment between members of a site then in turn you take a percentage of the transaction?

I was working on a website that essentially did just this. But now I think about it, I may be better off selling the software for such a thing.

 

[awesom-o]

I was working on a website that essentially did just this. But now I think about it, I may be better off selling the software for such a thing.

Sounds very fastlane to me!!

 

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[bernieshawn]

You CAN get a merchant account for this type of thing, but it's considered a high-risk account, so you have to jump through more hoops. I think you might have to put a deposit in or have extra legal coverage.

 

[awesom-o]

Just found this which seems to cover it

https://cms.paypal.com/us/cgi-bin/?cmd=_render-content&content_ID=developer/e_howto_api_APIntro

and this article which explains it well

Split and Chained – Looking at Paypal Adaptive Payments | Tim Nash "stuff" Blog

Shame you still can't take a percentage of the paypal fee rather than a percentage of the sale.