How Our Marketplace Works
Platform Structure
The Jay marketplace operates on a platform model where we serve as the primary platform connecting customers with retailers (you) through Stripe's connected account infrastructure. This model allows us to facilitate payments, handle transaction processing, and manage the financial aspects of the marketplace while you focus on providing products.
Payment Flow
When a customer makes a purchase through our marketplace:
- The customer pays the marketplace (Jay) for the products in their basket, the products can be from multiple resellers
- Jay processes the payment through our Stripe account
- The funds are automatically split between your connected account and other involved retailers
- Your portion is transferred to your Stripe account
- You receive a payout according to your payout schedule
- Payment fees are calculated on a pro rata basis and invoiced at the end of each billing period
- The marketplace and streaming platform fees are charged separately in accordance with the applicable agreements
Key Marketplace Components
| Component | Description |
|---|---|
| Jay Marketplace | The main marketplace that handles product management and checkout |
| Streaming Platform | The platform that handles product discovery and implements the marketplace in their system |
| Your Stripe Connected Account | Your business account that receives payments for your products |
| Stripe Express Dashboard | Your portal for managing payments, payouts, and account settings |
| Automated Payout System | The system that transfers funds to your bank account |
Understanding how our marketplace operates is essential for properly managing your connected account and making the most of your partnership with Jay.