Visa Marketplace program
The Visa Marketplace Program requires acquirers to register their marketplace clients with Visa. The program has several components.
Reference terms
Marketplace: an entity that brings together buyers and retailers, and handles payments on the retailers’ behalf. Retailer: an individual or business selling goods or services. Foreign retailer: a retailer based in a different country/region than the one where the marketplace conducted the sale. Foreign retailer volume: marketplace transaction volume generated by foreign retailers with domestic issuers (the issuer is in the same country/region as the marketplace).
Marketplace Reporting
As part of the Visa Marketplace Program, the acquirer is subject to provide reporting for marketplaces that have foreign retailers through quarterly submission of the Marketplace Quarterly Reporting Form for marketplaces. The quarterly reports are usually due within the first 15 calendar days after the end of each calendar quarter.