dLocal launches unified payment solution for online businesses

By Gloria Methri

dLocal, a technology-first payments platform has launched an all-in-one payment solution to manage all global platform payments in one place. dLocal for Platforms is an end-to-end payment solution for marketplaces, on-demand services, and any other platform business models.

It enables the onboarding of sellers, service providers, or contractors onto the platform, while dLocal verifies them before paying out. It also enables the platform to accept payments on behalf of its users, split the payments between one or more users, deduct costs as needed, and hold funds until payout. Funds can be moved within the platform to debit or credit funds.

The product initially soft-launched to a small group of customers, is a scalable, secure, and seamless solution to any platform business model operating in emerging markets. It is already live and ready to use and available on dLocal’s website.

Federico Mazzoli, VP of Product at dLocal, explained that the new solution, designed to overcome the complex process of receiving and distributing payments from different countries to different users, will be beneficial for online marketplaces, ride-sharing companies, eCommerce on social media platforms and social media ads.

“We developed dLocal for Platforms as a white-label payment solution,” said Mazzoli. “Everyone selling their services or products on a platform relies on receiving their payment in due time and order. That’s where we step in to sort the challenges they face when offering a convenient and local checkout experience, for both, sellers, and customers. No need to connect to hundreds of different processors and way less hassle when making payments to other merchants or sellers. We focused on this long-standing complexity and figured out how to simplify the process through our platform, giving merchants that peace of mind when it comes to payments.”