Understanding how transactions go through on your marketplace is important part of ensuring business on your marketplace runs smoothly. Sellers on the marketplace will have to include all payable cost into their final price as stated on the marketplace. This can include taxes and other compulsory fees.
When a buyer purchases an item or a listing on the marketplace, an invoice ID will be generated. An invoice ID is a number generated after every successful checkout by a buyer. A particular invoice ID may include multiple items from multiple sellers bought from a single checkout by the buyer.
For every successful checkout with a single invoice ID, all purchased items made from the same particular seller will be consolidated to an order ID. Thus, if a buyer purchases multiple items from multiple sellers, there will be one invoice ID and many order IDs.
All transactions occur instantaneously and on the marketplace using the payment methods set out by the admin. Payment can be delayed to the seller using alternative workaround methods such as using a generic payment processor or PayPal (via neutral fund). For more information about this, you can refer to Payment Method section of the help centre.