On MarketSpell, we use Stripe one the leading payment processing platform in the world. Their customers include Amazon, Facebook and OpenTable. Please visit https://stripe.com/ca for more information.
There are many advantages of using Stripe as a payment processing platform such as:
- Security: All sensitive information for both buyers and sellers are hosted on their servers. Stripe has one of the most robust security infrastructure in the world. MarketSpell doesn't host or have any access to any sensitive information.
- Fraud detection: Stripe handles millions of transactions everyday. They use Artificial Intelligence technology to prevent any suspected fraudulent payments.
- Each seller has their own seller dashboard on Stripe. They can easily track all payments, fees, and payouts to the bank account.
- Vendors can easily issue any refunds using their Stripe Dashboard.
- Stripe accepts payments from all major credit cards.