I'm building a 2-sided marketplace wherein users can buy + sell advice, and pay for with micro-payments (Fiverr + Clarity = Wisewords.co) here in Canada. I'm pretty sure I need to hold the funds and let people build their balances before withdrawing, as most of their payments will be less than $10. Assuming I do hold funds, how big of an undertaking is it to hold funds for users? Are there many regulatory requirements? Any third-party services that do this in Canada?
Holding funds in a two-sided market place can be industry specific. The magic word in these marketplace is "buy and sell freely" even if is just $10.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
Answered 3 years ago
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