Category: Marketplaces

Read and learn about innovations and updates in Marketplaces with these articles and posts by Ekata, a Mastercard company.

Identity Verification Solutions

Combining identity verification solutions for marketplace websites

Every growing marketplace goes through stages as they make the journey from start-up to a profitable, enterprise company. Naturally, each of those stages brings with it different requirements for risk protection. At first, a marketplace’s emphasis is going to be on onboarding users. Typically, the focus and energy will be on onboarding suppliers, appreciating that […]

5.17.2023

Managing Ecommerce Risk to Increase Monthly Revenue

Marketplaces

Three ways for your marketplace business to grow and profit

We work with numerous marketplace businesses around the world, providing them with best-in-class identity verification solutions, enabling trust and safety teams to do their job more effectively and efficiently. Our definition of a marketplace business is simple: A platform for two populations (e.g. supply/demand) to interact. The nature of these interactions could be for the […]

4.19.2023

Ekata

The Importance of Trust (and Safety) in the Digital Marketplace

Building and maintaining trust is paramount to online marketplaces, which are often tasked with safeguarding the lives and property of their customers. Accordingly, the ramifications of losing that trust can be steep. In a 2021 PwC survey, 44% of consumers said they stopped buying from a company due to a lack of trust. People want […]

11.2.2022

Ekata

Optimize Document Verifications With Identity Data Services

For marketplace companies, verifying that a customer is who they say they are is about more than just fraud prevention. It’s a critical part of ensuring that all your users trust your platform and feel safe making transactions in the community you’re building. In a physical business, verifying customer identity is relatively simple; agents, tellers […]

9.10.2018

Ekata

Leverage Our Dynamic Identity Data for Your Marketplace Company

Marketplace companies are inherently unique, which means they’ve become especially good at adapting standard business solutions and processes into something that fits their own flexible business models. Most marketplace companies are intrinsically technology-oriented; if they don’t see a solution they want on the shelf they’re more than willing to build one out for their particular […]

8.27.2018

Ekata

How to Identify and Prevent Promo Abuse Fraud in eCommerce

Offering new compelling promotions can be an incredibly effective way to acquire new customers, especially for companies whose customers offer a high lifetime value. This could take the form of free services (a free ride when you sign up for a rideshare company), steep discounts (take 50% off your first order), or referral rewards for […]

7.24.2018

Ekata

The Unique Challenges of Marketplace Risk Assessment & Management

Digital commerce has evolved into much more than just buying and selling on a website. Marketplaces—platforms that directly connect buyers and sellers—are springing up in nearly every industry. Marketplace startups like Etsy, Airbnb and Lyft have built their businesses around the marketplace model, and even traditional e-commerce stores like Amazon are shifting in that direction. […]

7.18.2018