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Online Marketplace: Which is the best payment model for a services marketplace?
JC Garrett, Helping you plan/execute tech & sales strategies answered:

There are several questions/pieces of information you would want to consider to know which avenue to go down (a few highlighted below):

- which platform are you going to be on-boarding and connecting students/tutors thoughts? web, mobile, hybrid or brick & mortar (includes actual phone calls etc)
- how often are disbursements of funds going to happen with a typical transaction period (say 1 month)?
- what is your service fee/cut for the work completed? are you working on a %/commission basis or are you generating funds from clients in another way?
- which party shoulders the service fee your charge? Is it just one party or both?
- is the transaction always intending to be a 1 to 1 relationship (i.e. would a group of students be able to hire a tutor for an exam review session and split the costs etc?)

those are just a few things that should be top of mind as you consider which ways and means you intend to collect/process payments for your service. I'd be happy to jump on a call and walk through these and other questions to help get you on the payment model/processor right for you.

Just click below and request a call to get started.

https://clarity.fm/jcgarrett

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