About 1POINT6

1Point6 provides a payment platform that facilitates e-commerce transactions through a robust API, enabling user registration, sales processing, and secure payment handling. The solution streamlines vendor onboarding and compliance with regulatory standards, while automatically distributing payments among sellers, enhancing revenue generation for marketplace operators.

```xml <problem> Marketplaces often face challenges in managing payments to multiple vendors, ensuring regulatory compliance, and handling vendor onboarding efficiently. Traditional payment solutions can be complex to integrate, slow to onboard vendors, and may not offer the flexibility needed to distribute revenue effectively among marketplace participants. </problem> <solution> 1Point6 provides a payment platform designed specifically for online marketplaces, offering a comprehensive API to streamline e-commerce transactions. The platform simplifies vendor onboarding with KYC validation, reduces fraud risk, and supports international expansion. It automates payment distribution among sellers, the marketplace, and 1Point6 fees, while ensuring compliance with regulatory requirements such as ACPR, PCI-DSS, and DSP2. The platform also offers a dashboard for operational, support, and financial teams to manage refunds, disputes, financial reporting, and performance tracking. </solution> <features> - Comprehensive API for integrating payment functionalities into marketplace platforms - Automated vendor onboarding and KYC validation to reduce fraud - Support for various payment methods tailored to different geographic regions - Automated payment distribution among vendors, marketplace, and platform fees - Compliance with regulatory standards (ACPR, PCI-DSS, DSP2) - Dashboard for managing refunds, disputes, financial reporting, and performance indicators - Automated or manual payouts to vendors via SEPA standard or instant transfers, and SWIFT </features> <target_audience> The primary target audience includes online marketplaces and platforms that require a robust and compliant payment solution to manage transactions and payouts to multiple vendors. </target_audience> ```

What does 1POINT6 do?

Where is 1POINT6 located?

1POINT6 is based in Paris, France.

When was 1POINT6 founded?

1POINT6 was founded in 2023.

Location

Paris, France

Founded

2023

Employees

15 employees

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1POINT6

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Executive Summary

get1point6.com 700+

Founded 2023 – Paris, France

Funding

No funding information available.

Team (15+)

No team information available.

Company Description

Problem

Marketplaces often face challenges in managing payments to multiple vendors, ensuring regulatory compliance, and handling vendor onboarding efficiently. Traditional payment solutions can be complex to integrate, slow to onboard vendors, and may not offer the flexibility needed to distribute revenue effectively among marketplace participants.

Solution

1Point6 provides a payment platform designed specifically for online marketplaces, offering a comprehensive API to streamline e-commerce transactions. The platform simplifies vendor onboarding with KYC validation, reduces fraud risk, and supports international expansion. It automates payment distribution among sellers, the marketplace, and 1Point6 fees, while ensuring compliance with regulatory requirements such as ACPR, PCI-DSS, and DSP2. The platform also offers a dashboard for operational, support, and financial teams to manage refunds, disputes, financial reporting, and performance tracking.

Features

Comprehensive API for integrating payment functionalities into marketplace platforms

Automated vendor onboarding and KYC validation to reduce fraud

Support for various payment methods tailored to different geographic regions

Automated payment distribution among vendors, marketplace, and platform fees

Compliance with regulatory standards (ACPR, PCI-DSS, DSP2)

Dashboard for managing refunds, disputes, financial reporting, and performance indicators

Automated or manual payouts to vendors via SEPA standard or instant transfers, and SWIFT

Target Audience

The primary target audience includes online marketplaces and platforms that require a robust and compliant payment solution to manage transactions and payouts to multiple vendors.