According to the definitions and requirements under PSD2, you are not required to hold (or be exempted from holding) a payment license if the following three conditions are simultaneously met:

1. 1. if you acts on behalf of only the payer or only the payee
   2. if there is an agreement proving that you are authorised by the payer or payee and that they are acting on behalf of only the payer or only the payee, and
   3. if you negotiates or concludes the sale or purchase of goods or services between the payer and the payee.

Whether a payment license is necessary depends on your specific circumstances. We recommend consulting a lawyer or discussing your case with us in detail.

Important Note: If a platform or marketplace engages in payment processing and fund settlement without the appropriate payment license, this constitutes a serious legal violation and could result in severe legal consequences.

Our split payment functionality is typically offered as a customized solution, with key features including:

1. Identifying the parties involved in the split payment
2. Defining the allocation ratios: For example, by percentage or fixed fees.
3. Determining the timing of the split: Such as after customer confirmation of receipt.

The split rules can be tailored to individual transactions or specific merchants. We provide API integration to support flexible implementation based on your business requirements.

Yes, as a marketplace, your sub-merchants must complete onboarding through our KYC system. Only after successfully completing the onboarding process can they participate in transactions. With complete and accurate documentation, the onboarding process is typically completed within one business day. This ensures that all sub-merchants meet compliance requirements and helps mitigate risks.