A Multivendor store or a marketplace is an E-commerce website where both buyers and sellers can sign up. A seller can choose the categories for which he wants to sell his products and can set up his own inventory. (Merchants who operate an Amazon or Ebay Seller account might be able to relate with this).
The combined inventory of all the sellers that have signed up will be the total inventory of the store. As each seller is managing his own inventory, the store admins can simply benefit by providing an online platform to both buyers and sellers while generating revenue through commissions from the sales made by sellers.
The core responsibility of the store admin is to provide support for both buyer and seller in terms of the User interface, User experience, Terms and Conditions, Security, Dispute resolutions, and Website Marketing.
If the store can generate a reasonable amount of audience, then multiple vendors can directly sign up and start selling their products without having to open their own online store.
Magento 2 Multi Vendor Marketplace Extension will turn any Magento 2 store into a thriving online marketplace similar to Amazon, Ebay, Etsy, Alibaba, Aliexpress. Your sellers will have full control using a well-organised Seller Cpanel to manage their own products, sales, invoices, shipments and credit memos. Each of your sellers receives a customizable storefront within your Magento 2 Marketplace. As the marketplace owner, you earn a set fee for each order received by sellers. Customers can leave reviews and ratings for sellers every time an order is placed, allowing for a very safe shopping experience and reputable marketplace.
Especially, our Marketplace extension supports for all of the default payment methods of Magento and more (Stripe, Reddot, PayPal adaptive,…). The vendor also can create by their own the tax rules, promotion discount codes or the shipping fees for their product right on the Vendor Cpanel.
What Is The Use Of This Module and Why Should I Use It?
This extension helps converts your Magento Store into a complete online marketplace shop. Using Marketplace Module for Magento 2, the seller can manage the inventory, shipment, Seller Profile page, Seller Collection page.
The seller can add multiple products like Simple, Configurable, Virtual & Downloadable. The Marketplace Multi-Vendor Module for Magento 2 supports all the Magento 2 templates and themes, and it will be compatible with responsive web designs.