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I am developing a C2C portal where seller will post their product and others can buy it. I have planned to use Braintree for payment process. Now once the payment is completed system will take commission and it should transfer the rest to seller.
I thought I could use ACH, but I cant find any solution or required document to transfer to seller account.
Note: I could achieve the same using Stripe Connect. The reason raising a question here is use the knowledge others having.
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What is Braintree? Braintree is a full-stack payments platform that makes it easy to accept payments in your app or website. Our service replaces the traditional model of sourcing a payment gateway and merchant account from different providers.
Braintree, a Subsidiary of PayPal, is an Online Payment Processor. If you see “BraintreeCharge.com” on your credit card statement or bank statement, it means that your card or account was used to create a transaction by a business that uses Braintree as its payment processor.
Braintree was acquired by PayPal in 2013, but it's hands-down the more tech-forward PSP among the two. With its impressive suite of developer tools, you or your engineers can customize your shopping cart to the hilt and integrate it with your existing platform.
After a transaction is settled, funds will pass through your merchant account to the bank account you provided during the application process. Funding is managed by the merchant account provider, so if you are using Braintree Direct, we'll take care of this for you.
This kind of payments called Multiplexing payments.
The best practice is to let Braintree do it for you, read their document completely and contact them to help you with multiplexing payments.
On the other hand if you want to make the seller payment After the money is cleared from Braintree, The ACH possibility should be done bank account which the money will be transferred to.
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