How Do Companies like Airbnb, Uber etc. Address Their Payment Processing Needs

Companies such as Uber and Airbnb have different types of payment processing systems and you would be wondering about the Airbnb payment system, Airbnb payment process, Airbnb payment processor and Uber payment system. When we consider what the founders of Airbnb had to say, we could see that they made use of Braintree back in 2010-11, when the company had just started operations. However, as Airbnb expanded to different countries globally, they had to make use of multiple payment processing solutions for their needs and hence, all the payment processing cannot be associated with a single payment service provider.

The payment gateway software and payment systems used by Airbnb and Uber are highly similar and are based on the functionality that their own payment system should support. These types of companies are known as online marketplaces and it should necessarily comprise of a payment facilitator, merchant and affiliates to define the business logic and ensure that split funding is supported.

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Also visit Paylosophy Blog an educational resource for those who deal with payment processing industry to learn more.