How to Build Network Effects and Integrate Payments as a Marketplace with Nick Fulton

Marketplaces of the past used to work by collecting money from a card, funneling that money into an operational account, and then bank transfer funds out the account.Which means: A lot of money sits between buyer and seller.But what happens when the company holding your money suddenly fails? A question asked by Nick Fulton, Co-Founde r & CEO at trustshare, who join s the show to discuss why a marketplace wants to go transactional, changes in regulation, the loss of revenue due to payments made outside the marketplace, and helping marketplaces grow through excellent customer service. Join us as we discuss:The lightbulb moment that led to the founding of trustshareB2B & B2C marketplace growth impact Who’s driving the expectations of payments within the marketplaceHow fraud is being mitigatedTo ensure that you never miss an episode of Payments Innovation, subscribe on Apple Podcasts, Spotify, or he re and don’t forget to check out our YouTube! Until next time!  Hosted on Acast. See acast.com/privacy for more information.