Platforms, Marketplaces and collecting funds on Behalf of Third Parties
Operate and monetise the payment flows of your users or partners
Manage payment flows between Third Parties and generate revenue
Becoming an Xpollens Agent
To comply with French regulation and offer this service, you must become an Xpollens Agent.
After project assessment and commercial agreement, our team will prepare the agent registration file and submit your project to the French regulator (ACPR) for approval. Once approved, your project will comply with French regulation and you will be listed as an Xpollens Agent by the Regafi.
Collecting funds on your platform
At the start of your project, a dedicated account will be provided for your activity. This account allows you to collect funds, transfer them to your partners and collect revenue.
You can provide your account’s IBAN to your paying partners in order to collect and later settle with them:
You also have the option to generate virtual IBANs to automatically identify payers.
To collect funds on a recurring basis, you may use Direct Debit.
You also have the option to use our card payment solution:
Onboarding your partners and opening their account
To comply with regulations, onboarding your partners involves collecting information such as company identity, beneficial owners, and the legal representative or proxy.
Once the onboarding is validated by Xpollens, an account is opened for your partner. You can collect funds on behalf of this partner and receive your commissions accordingly..
Transferring funds to your partner’s internal account
If you have received funds intended for one or more partners, you can transfer the relevant amounts using the account transfer functionalities.
Features available to your partners
- Keep your partners informed of their account balance and provide them with monthly bank statements:🔗Bank statement
- Notify partners of incoming and outgoing transactions on their account.
Lifecycle of your partner and their account
Make sure to integrate all the proposed CallBacks to be informed of the account's lifecycle and the status of your partner, who may be blocked by Xpollens for fraud issues or remediation (periodic regulatory confirmation of KYC),..
You can manage the end of a partner's lifecycle via an account closure feature.
Billing your partner
You can bill your partner by directly debiting fees from their account using the internal account transfer functionality 🔗Transfers for commissions to take revenue from your partners to your commission account.
PayOut
You can pay out to your partner external bank account (the IBAN of the partner is verified at the onboarding step) or pay out your comissions to your regular banking account.
Tracking your partners activity
You can track your partners' activity through all these phases and account activities via our WebDesk made available to you and presented here :
Updated 5 months ago