Marketplace operators face the unique challenge of verifying both sides of their platform—sellers and buyers. Regulatory requirements vary by jurisdiction, making KYC/KYB automation essential for scale.
KYC Requirements by Market Type
Different marketplaces have different regulatory obligations:
- Peer-to-Peer: Full KYC for both parties
- B2C Marketplaces: Simplified KYC for buyers, full KYB for sellers
- B2B Platforms: Corporate verification (KYB) required
Integration with Payment Providers
Leading PSPs now offer integrated KYC solutions:
- Stripe Identity: Document verification and liveness checks
- Checkout.com: Onboarding workflows with risk scoring
- Adyen: Enterprise-grade verification with compliance reporting
For marketplaces processing €10M+ annually, automated KYC reduces onboarding time from days to minutes while maintaining regulatory compliance.