marketplace solutions
Enrich your eCommerce with the Best Multi Vendor Marketplace Solution

Enrich your eCommerce with the Best Multi Vendor Marketplace Solution

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What is a Multi-Vendor marketplace?

A multi-vendor marketplace refers to an online marketplace business where multiple buyers and sellers initiate or conduct transactions. Multi vendor e commerce sites act as a digital middleman that connects both buyers and sellers on a common platform. With this, sellers can find buyers, scale their business, and manage it efficiently.
In this business model, not only the store/marketplace owners and buyers but other sellers are also involved. Store owners and sellers, both can be in the area of selling products. Here the store owner is the administrator of the marketplace, but the sellers can also manage their respective products. Some examples of best marketplace platforms are Amazon, Flipkart, Airbnb, and eBay.

Features of Multi-Vendor marketplace e commerce Sites:

Difference between markatplace and online stores

How marketplace differ from online stores

Are you checking out all the avenues exploring every nook and cranny of the internet in pursuit of the best multi vendor marketplace? And at the same time are you conservative to put your hard-earned money on the higher-priced software solution out there?

In that case, your search ends here at Cedcommerce’ multi vendor ecommerce open source solutions. These multi-vendor Marketplace Solutions include all advanced feature and these are developed to 

  • Cater to the aspirations and dreams of Magento sellers
  • Honor their hard work
  • Respect their expectations of getting an affordable solution
  • Fulfill all the needs from a marketplace

The Cedcommerce’ Multi-vendor marketplace solutions include Multi-vendor marketplace extension. It converts your single owned Magento website into a full-fledged and vibrant Marketplace. Additionally, the  Multi-Vendor app converts CedCommerce multi-vendor marketplace into a native app.

First, let’s talk about the Magento Multi-vendor Marketplace Extension:

Multi-vendor Marketplace Extension for Magento 2 — Transforms your Magento 2 store into a Multi-Vendor Marketplace Shop. The Basic Version Cost is $60 now and has all the basic functionalities required to set up the multi-vendor shop. Whereas, the Platinum version consists of popular and highly used add-ons to extend the functionalities of your multi-vendor marketplace. In $299, it provides the complete package with Basic Marketplace extensions and 9 necessary add-ons. It aims at

  1. Enhancing your store with the new and advanced functionalities
  2. Making it more automated and convenient for vendors to use

In the Upgraded Marketplace Platinum Package, Admin gets the option to select from 2 themes.

Store owners can keep track of vendors’ products and their sales. Also, they charge a commission from – fixed, percentage, or variable – from the vendors. And for vendors, all will have a responsive panel to manage their products, sales, shipping methods, and reports. Moreover, store owners can monitor and manage all these activities.

What can you accomplish with Magento 2 Multi vendor Marketplace Extension and its Addons?

1. Vendor Business Profile:

Vendors can have a personalized shop, so they can enter the name of the shop, company name, logo, banner, and phone number. Also, they can link their social media profile links (Facebook, Twitter) on their shop page. All these enable them to individually brand their shops which leading marketplaces restricts them from.

2. Multi-Currency & Multi-Language Support:

E-commerce transcends geographical boundaries. Your and your vendor’s customers can be located in any part of the world and may speak different languages and use different currencies to transact.

3. Groups & Membership Plans:

Multi vendor ecommerce open source marketplaces facilitate creating and managing Vendor groups. The admin can edit their access to different features of the marketplace. You can create different Membership plans to offer distinct privileges depending upon these groups.

4. Built-In Product Types:

You and your vendors will be able to sell all the product types supported by Magento 2, such as

  • Simple
  • Configurable
  • Bundle
  • Downloadable
  • Grouped
  • Virtual

Also, you and vendors can Upsell, Cross-Sell, and Related Products & Custom Options.

5. Shipping Methods:

The Cedcommerce’ Multi-vendor Marketplace solutions offer multiple shipping methods. Using these add-ons, vendors can calculate the prices vendors-wise or the site owners.

6. Payment Methods:

Multi-vendor Marketplace has payment gateways like PayPal, Stripe, etc. in addition to Cheque/Money Order, and Bank Payment. As a result, the transactions between Customer to Admin or Vendor to Customer can be carried out swiftly.

Apart from this, Magento 2 payment method extensions can also be used to get the payment from the customer. It gets credited directly in Admin’s account.

7. E-Mail Notification:

Communication is the most important pillar in establishing trust with the customers. Therefore, emails are being sent to the Vendors and the admin at the occurrence of each and every important event.

8. Commission and Transaction:

Multi-vendor Marketplace supports Fixed rates, Percentage rates, and Variable commission. You can set commission product wise, category wise, and vendor wise. It also has an interactive GUI to make payments to the Vendors.

9. Vendor Messaging:

Whether it is a ‘Thank you’ message or resolving queries Vendor Messaging Add-on is here. In a multi vendor e commerce site, you can conduct conversations that can be managed separately.

10. Responsive Vendor Panel:

Responsive Vendor Panel theme enables Vendors to manage their accounts, products, and sales. They can access the information from PCs, laptops, tablets, and mobile phones. No matter which device they are using, it will display 100% functionality.

11. Vendor SEO Suite:

Mere existence on the web is obsolete, therefore each product has its own Meta tags and description. The site owner can put the Vendor Panel as a sub-domain to make it multi vendor ecommerce open source platforms SEO friendly. Further, vendors can set their own domain or subdomain for their shops if allowed by Admin.

12. SMS Notification:

There will be SMS notification, apart from Vendor messaging. It helps in tracking Order placement, Order Status change and Registrations etc. Altogether, these will keep the Customers, Vendors and Admin updated with the current activities of marketplace.

13. Advance Reports:

Vendors can see Out of Stock, Sold Products, Sales Report, Product Views, and Payment Report from the vendor panel. And admin, too, can view the reports related to Multi-Vendor Marketplace that includes Sales, Products, and Returns Report.

14. SLA:

To regulate cancellations and late delivery of products, more power is given to the admins here. They can can control the late delivery and cancellation of orders through charging the fine from vendors as per the Service Level Agreement between the Marketplace Owners and their Vendors with respect to cancellation/completion of orders from vendors.

15. Advance Shipping & Order Facility:

Vendors can assign tracking numbers to their orders, based on the chosen shipping method. They can also raise invoices and manage orders from their dashboard easily.

16. RTL Compatibility:

The languages that follow Right to Left formats like Persian, Hebrew, and Arabic can also be integrated with the marketplace.

17. Order Management:

Multi vendor e commerce site facilitates the vendors to manage everything from the Vendor Panel. The orders, Invoices, Shipment, and Credit Memo (in the case of a refund) – all can be done with this.

The Multi-vendor Marketplace is developed with a holistic approach to solve entrepreneurs’ problems. Also, as the majority now shop on their phones, it was necessary to offer a mobile-friendly solution to them. Therefore, the Multivendor app solution is also offered to entrepreneurs. 

18. Page Builder (Magento 2.4.3 and above):

To make your Magento multi vendor e Commerce site more appealing, it includes a page builder. So, you don’t need to invest in hiring coders. With page builder, you can update the design and layout of pages to display more products in an organized way.

Page builder aligns with SEO guidelines that helps in a better search appearance. Page builder also helps to improve the responsiveness of the page.

19. Multi Warehouse Management:

The vendors can create multiple warehouses to manage their inventories. As a result, vendors can select amongst the available sources to create a shipment. With this, inventory and shipment management becomes easier. The admin holds the overall power and they decide the maximum number of warehouse a vendor can have.

20. Integration with Vendor’s Magento, Shopify, Bigcommerce Websites:

This Integration helps to sync products from other channels to the marketplace. Vendors don’t need to update their stocks, product description or price manually at all places. It gets updated automatically with this integration. It even helps in order synchronisation.

Advance Marketplace Extension

It is a custom made Magento 2 marketplace solution to aid you to create a B2C marketplace platform. One can get the best and most used features in the industry with this. It comprises of in-built extensions, Magento 2 Multi-Vendor addons, Shipping methods, and Payment modules to develop a website on the likes of Amazon and eBay..

Now, It’s the time to talk about Multivendor App:

We split the CedCommerce Multivendor Marketplace app into two different apps.:

  • Multivendor Marketplace BUYER APP
  • Multivendor Marketplace VENDOR APP

1. Multivendor Marketplace Buyer App:

Multivendor Marketplace Buyer one is the fully customer-centric app. The customer can view all the products, vendors’ shops and their profiles to make a choice. They can place the order and expect delivery with this app. Customers will also be able to view the vendor shops and their profiles.

  • Buyers dedicated app: Marketplace focused users are the buyers, They can choose their desired products and make them add to cart then place the order for those products.
  • Sellers Products publications: With the Multi vendor Marketplace App, sellers can post their products to the marketplace using their mobile devices. Admin will review the products and make it live on the Marketplace.
  • Choose your Seller and Dedicated shop page: Customers will get to select the appropriate seller. By choosing the seller, customers can reach the seller shop page as well as filter the products of sellers as per requirement.
  • The flexibility of Shopping: With an app comes to the flexibility of buying irrespective of place, just search and choose the product that customers want to buy.
  • Review and Ratings for Seller: Customers can review the products and can rate the sellers. The Review will decide the performance of any marketplace shop.
  • Most Payment Method Support: Multivendor Marketplace app supports almost every payment method. There is no restriction of payment method support that can be integrated with the Buyer App.

2. Marketplace Vendor App:

The second app is for Vendors. Vendors are the most important entity of the Marketplace. Vendors can come to the Marketplace and get themselves registered. After the verification of their account, they are eligible to list products on the Marketplace.

  • The seller can register through the app: Vendors/Sellers can register themselves by signing up or through Social login account signup. possible.
  • Add Products for Sale: All the product types supported by Magento can be sold on this app as well. The Vendor can easily add their products through the app. Vendors instantly get product approval/disapproval notification.
  • Manage & Process orders: As soon as the order is placed for the vendor products, vendors get an instant notification. They can easily process the order then
  • Manage Transactions: Marketplace Admin can release the payments easily for the vendor’s completed orders. 
  • Set Shipping and Payment Methods: The vendor can set his shipping and payment methods by using his app. On the basis of the Shipping, method rates will show.

Therefore, Cedcommerce Multi-Vendor Marketplace Solutions comes as the real affordable solution for all the entrepreneurs dreaming of expanding their business. And with these solutions in place, it is a matter of hours to expand their outreach.

Multi-vendor Marketplace

Why just sell your products on eCommerce stores? Leap beyond a web-store and build your own eCommerce marketplace and add multiple sellers and develop a versatile product range. Why earn only from your product? Earn on sales from every vendor. Watch this video.

Thanks for your interest!

Team Cedcommerce

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