In a multi-vendor marketplace, as a platform owner how do you settle the payments?

As a marketplace owner, you are being the escrow to ensure both buyer's and seller's transaction are secured. But at what point do you settle the payment to the seller? What about refund flow?

Please advise. Also, if you know any resources regarding marketplace/e-commerce payment settlements, kindly drop a comment. Thanks a ton!

submitted by /u/bitchyangle
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