Multivender Market Places: The Best Platforms for Your Ecommerce Business

Have you ever thought about starting an online business and got stuck somewhere? Maybe you have a fantastic idea, but you just don’t want to deal with all the products on your own. Or maybe you are looking for a business that can offer a wide range of choices to customers. If this is the case, then a multi-vendor marketplace could be the right answer for you.

It’s like creating your virtual shopping center. You are the boss of the mall, and other people (the vendors) are those who rent it for selling their goods. The only thing you do is give them the website, the tools and the customers, and they take care of their products. Everybody wins!

This article will take you through the concept of a multi-vendor marketplace, its advantages and the tools you can employ to create one without code.

Key Takeaways:

• Multi-vendor marketplaces enable numerous vendors to sell their products on one platform, which provides increased variety, reduced vendor dependency, and diverse revenue streams.
• There exist a number of various platforms, which are aimed at different purposes, such as Shopify apps like Shipturtle, open-source solutions like Bagisto, and also extensions for platforms like WooCommerce and Magento.
• Easiest ways to register, search ability, reviews, payment configuration, and the overall compatibility with the business needs are the key features that should be taken into account when selecting a platform.

What is a Multi-Vendor Marketplace?

To the extent of core concept, a multi-vendor marketplace is a website that is solely dedicated to supporting multiple sellers in selling their goods and services.

• One-person or one-company ownership characterizes a normal online store. The example of a website that sells only one brand is a shoe store.
• As simple as multi-vendor marketplace is to a big flea market or a farmer’s market online, One person is responsible for the entire marketplace, while many different sellers have their own “stalls” to sell their unique items.

Without even realizing it, you have probably used one before. Amazon, Etsy, and Uber Eats are the examples of multi-vendor marketplaces. On Amazon, you buy from thousands of different sellers. On Etsy, you buy from artists and crafters all over the world. And on Uber Eats, you order food from many different restaurants on one app.

How a Multi-Vendor Marketplace Works: A Step-by-Step Breakdown

A multi-vendor marketplace is a strong online business model that enables multiple sellers to reach a large customer base. In contrast to a single online store, this model is more like a digital shopping mall. Here’s a comprehensive illustration of how all the parts work together to make it work.

Multiple Sellers on a Single Platform

The core of the concept is to gather together lots of different sellers at a single location. Instead of a single company selling all the products, the marketplace hosts a variety of vendors, each with their own unique products. This is exactly what gives a marketplace its huge selection and diversity. A customer can browse items from countless sellers without ever leaving the website or app.

The Centralized Platform

On a single, unified website or app, everything is done. This centralized platform is the “mall” that customers visit. It gives the digital infrastructure for browsing products, adding items to a shopping cart and completing a purchase. For the customer, the experience is seamless—they see a wide range of products from different sellers as if they were all from one large store.

Vendor Management and Responsibility

Even though the platform is centralized, the vendor is the one who takes care of their “shop.” This implies:

• Product Listings: Vendors are those who develop and operate the product pages for their own, including descriptions, photos, and prices.
• Inventory: They work on the stock level of their own. The vendor’s inventory is updated when the customer buys something.
• Pricing: Vendors decide their own prices and also conduct their own sales or promotions.
• Fulfillment: They usually have the responsibility of packing and shipping the goods directly to the customer.
• Customer Support: Vendors generally deal with the basic customer queries related to their products.

The Role of the Marketplace Owner

If you are the owner of the marketplace, your job is to oversee the whole platform and not just the products. Your primary duties are:

• Maintenance: Making sure the site or app is working perfectly, protected, and user-friendly.
• Payment Processing: The owner is responsible for all payment operations. Money from a customer’s purchase goes to the marketplace owner, who then pays the vendor their share after deducting any fees.
• Advertising: The owner usually takes the lead of marketing activities for the whole platform in order to get a large number of customers that will be interested in all the vendors.
• Support: Assisting vendors technically and being there for big customer service problems.

How the Marketplace Makes Money

Several ways exist in which the owner can earn money, thus diversifying and stabilizing income:

• Commissions: This is the most common method. The owner takes a percentage of every sale made on the platform.
• Subscription Fees: Vendors may pay a monthly or annual fee to be able to sell on the platform, regardless of their sales volume.
• Listing Fees: Vendors may be charged a fee per each of the products they list for sale.
• Premium Services: The owner can offer vendors paid services like special advertising, prominent product placement, or advanced analytics.

Benefits for the Customer

For customers, multi-vendor marketplaces are the most preferred places for shopping because of the following:

• Wider Selection: It allows them to tap into a vast assortment of goods from a multitude of vendors, and more often than not, they end up having unique or niche items that haven’t been available anywhere else.
• Better Prices: Multiple sellers’ competition may result in a better price.
• Convenience: It is just one website with all the products on it, hence a comfortable “one-stop-shop” experience.

Benefits for the Seller

Vendors benefit from selling on a marketplace very much:

• Larger Customer Base: They get instant access to a large audience that the marketplace owner has already built and marketed to.
• Reduced Marketing Costs: The marketplace handles the heavy lifting of attracting customers, saving the seller money on advertising.
• Built-in Infrastructure: Sellers don’t have to worry about building their own website, setting up payment systems, or managing complex technical issues. They can focus on what they do best: creating and selling products.

The Big Benefits of a Multi-Vendor Marketplace

Why would you pick this model over a simple online store? Because it has some huge advantages that make it a great business idea.

• More Choices for Customers: When you have many sellers, you can offer a huge variety of products. A customer who comes to your website for a new t-shirt might also find a pair of earrings from a different vendor. More variety means more sales.
• Less Risk for You: If you have a single store, you have to buy all the products yourself. If they don’t sell, you lose money. With a marketplace, the vendors handle their own products and inventory. You don’t have to worry about products not selling, which means a lot less risk for you.
• More Ways to Make Money: You don’t just make money from sales. As the owner, you can get a small commission (a cut) from every single sale made by every vendor. You can also charge vendors a monthly fee to be on your site. This gives you a steady stream of income.
• Wider Audience: Each vendor brings their own customers. This means your marketplace naturally grows its customer base much faster than a single store could.

How to Choose the Right Platform for Your Marketplace

To construct a marketplace you do not necessarily need to be an expert in coding. For example, there are thousands of tools that take care of all the complicated parts of your project. Such tools are typically referred to as plugins, extensions, or apps. Basically, they change a common website into one with all the features needed to operate a marketplace.

Ask yourself these before selecting a tool:

• How simple is it for the sellers to sign up? The less complicated the process of joining a new seller, the more sellers you will have.
• Can people find things easily? The website’s search bar should function properly so that customers can find products from all the different sellers.
• Are customers allowed to write reviews? Rating and review systems with good ratings create a positive perception of a product and contribute to customer’s purchase decisions.
• Is the payment process stress-free? The checkout process should be quick and safe.
• Is it suitable in terms of features? It can be said that some tools are appropriate for selling the physical products, among which there are those that are especially perfect for the digital products like e-books or music.

A Look at Top Ecommerce Marketplace Platforms

Here are some of the most popular multi vendor ecommerce platform you can use to build your multi-vendor marketplace. We have broken them down by the type of website they work with.

Bagisto Multi Vendor Marketplace – Webkul

Bagisto makes use of Laravel in order to build multi-vendor marketplace platform. It can turn a simple Bagisto store into a multi-vendor marketplace where vendors can create, update, and keep track of their products and orders using the dedicated dashboard. The admin can set both global and individual commissions for sellers.

Pricing Plans

• Free and Open source

Vendor Management and Seller Features:

• Vendor Dashboard: Each vendor gets their own dedicated dashboard to manage products, orders, inventory, and track earnings. 
• Product Management: Vendors can add, edit, and manage their product listings, including attributes and categories. 
• Commission Management: Store owners can set up and customize commission structures, either globally or on a per-vendor or product basis. 
• Product Approval: The marketplace admin can review and approve new product listings to maintain quality and consistency. 
• Shipping Management: Vendors can manage shipping methods and zones for their products. 
• Review and Rating System: Customers can leave feedback for individual vendors, contributing to a transparent and trustworthy marketplace. 

Key Functionality for Marketplace Owners:

• Centralized Management: The platform provides a central admin panel for managing all aspects of the marketplace, including vendor accounts, products, orders, and payments. 
• Multi-Channel Selling: Bagisto allows integration with other sales channels like POS systems or other marketplaces. 
• Inventory Management: The system offers tools for tracking stock levels, managing warehouses, and handling returns. 
• Payment Integration: Supports various payment gateways for secure transactions. 
• Customization and Scalability: The platform is built on Laravel and offers flexibility for customization and adding new features. 
• Mobile Apps: Webkul offers mobile apps for both Android and iOS, allowing vendors to manage their business on the go. 
• Live Stream Integration: The Marketplace Live Stream module allows vendors to host live streams for showcasing products. 
• Admin Privileges: The admin has complete control over sellers’ profiles, products, and orders. 
• Seller Currencies: Sellers can add products using their own currency, which is then converted to the admin’s default currency.

Mayosis WordPress Marketplace

Mayosis is a great option for selling digital items such as arts, templates, music, ebooks, stock photos, themes, plugins, and software. It helps create a unique user experience and allows for customization and organization of products.

Pricing Plan

• Free Trial
• Regular Plan: $69/year
• Extended Plan: $1990/year

Key features

Dokan WooCommerce Plugin

Dokan is a very popular multi-vendor plugin for WooCommerce that is optimized and ready to launch an online store. It provides front-end dashboards for both vendors and customers. It also includes a vendor rating feedback system similar to eBay.

Pricing Plans:

• Basic: Free
• Starter: $149/year
• Professional: $249/year
• Business: $499/year
• Enterprise: $999/year

Key features:

Vendor Management:

• Dedicated Vendor Dashboards: Each vendor gets their own personalized dashboard to manage their products, orders, and earnings. 
• Front-End Product Submission: Vendors can add and manage products directly from the front-end, without needing access to the WordPress admin area. 
• Storefront Customization: Vendors can customize their storefronts with unique URLs, branding, and widgets. 
• Shipping and Tax Management: Vendors can individually configure shipping options and tax settings for their products. 
• Store Location Map: (Pro feature) Displays the vendor’s location on a map within their store. 
• Single Product Vendors: (Pro feature) Allows multiple vendors to offer the same product. 

Admin Management:

• Content Management: Admins can manage the content and overall structure of the marketplace. 
• Commission Management: Admins can set global or vendor-specific commission rates. 
• Payment Gateway Integration: Supports multiple payment gateways like PayPal, Stripe, and bank transfers. 
• Reports and Analytics: Provides insights into sales, earnings, and other important metrics. 
• Vendor Approval: Admins can control which vendors are allowed to sell on the marketplace.

Yith WooCommerce Multi Vendor Extension

Yith Woocommerce multi vendor extension allows you to elect a registered user to manage a store. Vendors can then sell their own products and edit their inventory based on the permissions set by the admin. It is compatible with WordPress 5.3 and WooCommerce 3.8 and supports multiple languages.

Pricing Plans:

• $149.99/year

Key features:

Vendor Management:

• Vendor Profiles: Each vendor gets their own dedicated profile with a dashboard to manage products, track orders, and view earnings. 
• Vendor Registration: You can customize the vendor registration form and approve or reject vendor applications. 
• Admin Control: The admin has control over product approval, ensuring quality and consistency across the marketplace. 
• Multi-Admin Support: You can assign administrators to manage vendor shops, which can be helpful for larger marketplaces. 

Commission Management:

• Flexible Commission Rates: Set global, vendor-specific, or product-level commission rates to manage revenue sharing. 
• Commission Calculations: The plugin can include or exclude product costs in commission calculations. 

Product and Order Management:

• Vendor Product Management: Vendors can independently add, edit, and manage their products. 
• Order Management: Vendors can view, manage, and update order statuses for their products. 
• Shipping and Refund Policies: Vendors can manage their shipping methods, rates, and refund policies. 

Customer Experience:

• Customer Reviews: Customers can leave reviews for vendors, building trust and transparency. 
• Coupon Management: Vendors can create and manage their own discount codes and coupons. 
• Payment Gateways: The plugin supports multiple payment gateways for vendor payouts. 
• Advanced Reporting: Provides detailed reports for both admin and vendors on sales, commissions, and more. 
• Product Add-ons: Allows vendors to add extra options and variations to their products. 

Other Features:

• Vendor Store Customization: Customize vendor store pages with information, social media links, and headers.
• Bulk Actions: Allows for bulk actions for things like paying commissions.
• Searchable Commissions: Search commissions by order ID.

Magento 2 Multi-vendor Marketplace – CedCommerce

This solution is best suited for those entrepreneurs who are looking to create a multi-vendor marketplace on Magento 2 by CedCommerce. The vendors are given the service of launching their own brands, representing their brand profiles, receiving and managing their orders from their dashboard, and accessing sales reports. This app helps a Magento website transform into a fully featured multi-vendor store like Amazon or eBay.

Pricing Plans

• Basic: $60
• Platinum: $299
• Custom: $60

Key features:

Vendor Management:

• Vendor Registration: Streamlined registration process with options for approval/rejection. 
• Vendor Dashboard: Seller-specific dashboards for managing products, orders, and profile information. 
• Commission Management: Admin can set commission rates for vendors, either globally or by product/category. 
• Vendor Transactions: Tracking and management of vendor payments and transactions. 

Product Management:

• Product Type Support: Supports various product types (simple, configurable, grouped, bundle, virtual, downloadable). 
• Dynamic SKU Generation: Addon for automatic SKU generation for products. 
• Inventory Management: Tools for sellers to manage product stock and receive notifications for low stock. 

Order Management:

• Order Processing: Vendors can manage orders, track shipments, and update order statuses. 
• Invoice, Shipment, and Credit Memo: Features for generating invoices, managing shipments, and creating credit memos for refunds. 
• Refunds: Refund button for orders with paid status and created credit memos. 

Customer Experience:

• Seller Profiles: Customers can view seller profiles, including recently added products. 
• Product Reviews and Ratings: Customers can review and rate products and sellers. 
• Search and Filters: Advanced search and filtering options for easy product discovery. 
• Messaging System: Option for customers to send messages to sellers. 

Other Features:

• SEO Suite: Tools to improve marketplace SEO. 
• Multi-Step Registration: Enhanced registration process with multiple steps. 
• B2B System: Support for business-to-business transactions. 
• M-Commerce: Optimized for mobile shopping. 
• SMS Notifications: Option for SMS notifications for various events. 
• Shipping Label Generation: Support for generating shipping labels (e.g., UPS). 
• Scalability and Flexibility: Ability to scale the marketplace and adapt to changing market demands.

Shipturtle: Marketplace Creator

Shipturtle is a Shopify app that turns any website into a marketplace by changing both the front end and back end. It acts as the Order Management System (OMS) for both merchants and vendors, offering features like Order Routing, over 200 Shipping Integrations, Invoicing, Payments/Commission Management, and Inventory Management. It’s praised for being user-friendly and multifunctional.

Pricing Plans:

• 14-Day Free Trial
• Startup Plan: $29/month
• Enterprise Plan: $149/month

Key features:

Vendor Management:

• Shipturtle facilitates vendor onboarding, approval workflows, and management of vendor profiles, including sync with their existing Shopify or WooCommerce stores.

Product and Catalog Management:

• Vendors can manage their product listings, including descriptions, images, pricing, and stock levels. The app also allows for multi-vendor product management and catalog synchronization. 

Order Management:

• Shipturtle automates order splitting and routing based on vendor or location, manages order fulfillment, and tracks shipments. 

Shipping Integrations:

• The app offers over 100 shipping integrations, including label generation, tracking, and return management. 

Commission and Payouts:

• Shipturtle automates commission calculations and vendor payouts, with integrations for payment processors like PayPal and Stripe. 

Shipping Integrations:

• Shipturtle offers integrations with over 100 shipping carriers, enabling automated shipping label generation and real-time tracking. 

Customizable Dashboards:

• Both admin and vendors have access to dashboards for managing their respective areas, including order status, sales reports, and vendor performance. 

Scalability:

• Shipturtle allows for scaling the marketplace by managing an unlimited number of vendors and products. 

Other Features:

• These include dispute handling, tax rules, and integrations with various other platforms and tools.

Magento 2 Marketplace Extension – LandofCoder

The Magento 2 Marketplace Extension module allows to change an e-commerce shop into a vibrant marketplace for sellers with different profiles. It is compatible with versions ranging from 2.0 to 2.3 of Magento, so you can use it even if you haven’t upgraded your current version.

Pricing Plans:

• Basic: $299
• Essential: $599
• Pro: $999

Key features:

• Multi-Vendor Support: Enables multiple sellers to register and sell products within the same marketplace. 
• Seller Management: Allows admins to manage seller profiles, products, orders, commissions, and payouts. 
• Flexible Commission Management: Admins can set commission rates based on sellers, products, categories, or customer groups. 
• Payment Gateway Integration: Supports multiple payment gateways for seamless transactions. 
• Seller Dashboard: Provides sellers with a dedicated area to manage their products, orders, invoices, and shipments. 
• Product Management: Sellers can manage their products, including adding, editing, and deleting products. 
• Customer Features: Customers can browse and purchase products from multiple sellers, leave reviews, and rate products. 
• SEO Optimization: The extension is designed to be SEO-friendly, helping sellers improve their product visibility. 
• Responsive Design: Ensures a user-friendly experience across different devices. 
• Reporting and Analytics: Provides detailed reports on sales, revenue, and expenses. 
• Customization: The extension is highly customizable, allowing admins to tailor the marketplace to their specific needs. 
• Communication: Offers a messaging system for sellers and customers to communicate. 
• Featured Products: Allows sellers to highlight their most popular products. 
• Layered Navigation: Provides an enhanced filtering system for easier product browsing. 
• CSV Upload: Facilitates bulk product uploads via CSV files. 

Multiple Vendors Extension – Magenest

It is a well-known Magento 2 multi-vendor extension that is full of features. The extension is designed for you to be able to easily manage vendors and their orders, set commissions, and even create a question area where vendors can ask questions about the marketplace.

Pricing Plan:

• $249/year

Key features:

• Vendor Management: The extension allows the marketplace owner to manage vendor information, including approving or rejecting vendor accounts and managing their products. 
• Product Management: Admins can approve or reject vendor products, manage vendor product listings, and view products from different vendors. 
• Commission Management: The admin can set up and manage commission structures for each vendor. 
• Customer Interaction: Customers can purchase products from multiple vendors in a single transaction and provide feedback and ratings to vendors. 
• Vendor Dashboards: Vendors have their own dashboards to manage their profiles, products, orders, and sales reports. 
• Order Management: Both the admin and vendors can manage orders, including viewing order details and tracking their status. 
• Sales Reporting: The extension provides comprehensive sales reports for both the admin and vendors, allowing them to track performance and identify top-selling products. 
• Flexible Commission: The admin can set up flexible commission structures, including fixed or percentage-based commissions for different vendors or products. 
• Multi-Vendor Functionality: The extension supports multiple vendors selling on the same platform, allowing customers to browse and purchase from various vendors.
• Admin Control: The admin has full control over the marketplace, including managing vendors, products, commissions, and customer interactions.

Multi Vendor Marketplace Module – CMSMart

This multivendor module for Magento 2 provides a very simple vendor admin interface to easily manage vendors. The intuitive panel from the module allows product vendors to easily manage their product catalog, vendor orders, vendor profiles, and other tasks. In addition, you have a possibility of auto-approving product, order, and even allowing vendors to up-sell their products. It is also possible to set various commission rates depending on the type of vendor.

Pricing Plans:

• From $239

Key features:

• Seller Management: Allows for easy registration, management, and approval of vendors. 
• Product Management: Supports all product types and allows both admin and vendors to manage products. 
• Order Management: Enables efficient management of orders by both the admin and vendors, including tracking and fulfillment. 
• Commission Management: Provides flexible commission structures, allowing for both fixed and percentage-based commissions. 
• Separate Vendor Dashboard: Offers a dedicated interface for vendors to manage their profiles, products, orders, and sales reports. 
• Vendor Profile Management: Allows vendors to customize their storefront profiles and manage their information. 
• SEO Optimization: Includes features to optimize product pages and vendor profiles for search engines. 
• Payment Gateway Integration: Supports multiple payment gateways to facilitate secure transactions. 
• Shipping Management: Provides tools for managing shipping options and rates. 
• Reporting & Analytics: Offers insights into sales, vendor performance, and other key metrics.

Marketplace Multi Vendor Module for Magento 2 – Webkul

This multivendor Marketplace extension can change a Magento 2 store into a full-fledged shopping center. You can assign multiple vendors and let them handle their inventories, shipments, etc. Vendors might add the different types of products that can be delivered via the shipping companies such as FedEx, USPS, and DHL.

Pricing Plans:

• $349/year

Key features:

• Separate Seller Dashboards: Vendors have their own dedicated dashboards to manage products, orders, and profile information. 
• Seller Profile Management: Vendors can create and customize their storefront profiles, including banners, logos, and shop URLs. 
• Product Management: Vendors can add, edit, and manage their product listings, including simple, downloadable, virtual, and configurable product types. 
• Flexible Commission Management: Admins can set global or individual commission rates for each vendor. 
• Order Management: Both vendors and admins can manage orders, generate invoices, shipments, and credit memos. 
• Auto/Manual Approval: Admins can choose to approve vendor registrations and product uploads automatically or manually. 
• Payment & Shipping Integrations: The module supports multiple payment and shipping gateways to facilitate transactions. 
• SEO-Friendly URLs: Marketplace pages are designed with SEO in mind, improving visibility in search engine results. 
• Seller Reviews and Ratings: Customers can provide feedback on vendors and their products.
• Layout Configuration: Admins can customize the marketplace layout to suit their branding and design preferences.

Growcer Multi Vendor Grocery Marketplace

Growcer is a multi-vendor grocery marketplace platform which enables people and companies to create a hyperlocal multi-vendor grocery business. It is designed in a way that it can be adapted to your particular “Order to Cash” process and also comes with apps for the admin, vendors, buyers, and delivery staff.

Pricing Plans:

• Custom Pricing

Key features:

• Multi-Vendor Support: Allows multiple vendors to sell on the platform. 
• Customizable Storefronts: Provides options for sellers to customize their online stores. 
• Multiple Payment Gateways: Integrates with various payment processors for secure transactions. 
• Order Management: Streamlines order processing, fulfillment, and tracking. 
• Delivery Management: Enables efficient delivery scheduling, tracking, and management. 
• Vendor Management: Offers tools for managing vendor profiles, products, and performance. 
• Customer Management: Allows businesses to manage customer accounts, orders, and interactions. 
• Reporting & Analytics: Provides insights into sales, customer behavior, and other key metrics. 
• Mobile Apps: Offers dedicated apps for buyers and delivery staff for enhanced mobile experience. 
• Inventory Management: Helps manage product stock levels, track inventory, and prevent out-of-stock situations.

Yo!Kart Multi Vendor Marketplace Platform

Yo!Kart is a focused, ready-to-use solution for creating multi-vendor online marketplaces. This is a license-based platform which has lots of features that are pre-installed like product catalog, individual vendor storefronts, several languages, and abandoned cart recovery. It ensures a smooth user experience and is completely customizable.

Pricing Plan

• GoQuick: $1249 (lifetime ownership)
• GoQuickBoost: $2499 (lifetime ownership)
• GoCustom: $6249 (lifetime ownership)
• GoCustom Prime: Request Quote

Key features:

• Multi-Vendor Management: Allows multiple vendors to register, manage their products, and fulfill orders.
• Product Catalog System: Provides a structured way for vendors to list and manage their products.
• Order Management: Streamlines the order process, from placement to fulfillment and tracking.
• Payment Gateway Integration: Supports various payment gateways for secure transactions.
• Shipping Management: Facilitates shipping and delivery management for vendors.
• Mobile-Responsive Design: Ensures a seamless experience for users on various devices.
• SEO-Friendly: Optimized for search engines to improve visibility.
• Multi-Language Support: Enables businesses to cater to a global audience.
• Multi-Currency Support: Allows transactions in different currencies.
• Admin, Vendor, and Customer Dashboards: Provides dedicated dashboards for each user type with relevant information and tools.

Advanced Multi Vendor Marketplace Module – Webkul

With the help of Advance Multi Vendor Marketplace Module, the vendor registration process can be automated. Furthermore, you are able to translate your pages into various languages, insert custom CSS, and handle the vendors along with their commissions more conveniently.

Pricing Plans:

• €139.99/year

Key features:

• Seller Dashboard: Provides a dedicated interface for vendors to manage their profiles, products, orders, and transactions. 
• Separate Seller Profiles: Allows each vendor to create and manage their own profile with details like shop name, logo, banner, and social links. 
• Product Management: Enables vendors to add, edit, and manage their products, including attributes, combinations, and images. 
• Commission Management: Allows administrators to set commission rates for each vendor or for all vendors, and manage commission payments. 
• Order Management: Provides both admin and vendors with the ability to view and manage orders, including shipping and billing information. 
• Shipping Management: Allows vendors to configure shipping methods and costs for their products. 
• Seller Request/Product Approval: Enables administrators to approve or reject seller applications and product listings. 
• Attribute and Feature Management: Allows vendors to manage product attributes and features. 
• Email Notifications: Sends automated emails to vendors and administrators on various events like new seller requests, product approvals, and sales. 
• Transactions Management: Tracks vendor earnings and payment transactions.

Multi Vendor Marketplace Module – Knowband

The Knowband Multi Vendor Module module lets you make the customer journey easier by giving them the option to set up a seller profile, configure the shipping procedure, and establish a return policy that is simple. Additionally, it empowers customers to write reviews of particular products and view items from all the sellers together.

Pricing Plan:

• €139.99/year

Key features: For Store Owners (Admin):

• Seller Management: Admins can easily manage seller profiles, approve or disapprove seller registrations, and monitor seller activity. 
• Commission Management: The module allows for setting both global and individual commission rates for sellers, with automated calculation of commissions on each sale. 
• Product and Order Management: Admins can manage products and orders from all vendors, ensuring a smooth and efficient operation. 
• Shipping Method Management: The admin can add or remove shipping methods and track them, also providing the same authority to vendors. 
• Review and Rating Management: The module allows for managing seller reviews and ratings to maintain quality and customer trust. 
• Payout Management: Facilitates easy payout management to sellers, streamlining the financial aspect of the marketplace.
• Mobile App Compatibility: Integrates with Knowband’s mobile app builder, enabling a seamless shopping experience on mobile devices.

For Sellers:

• Product Management: Sellers can manage their product listings, including adding, editing, and deleting products. 
• Order Management: Sellers can view and manage their orders, track shipments, and communicate with customers. 
• Shipping Method Management: Sellers can configure their own shipping methods and manage shipping costs. 

For Customers:

• Chat with Seller: Customers can directly contact sellers through the platform to resolve queries and make informed purchase decisions. 
• Multi-Lingual Support: The module supports multiple languages, making it accessible to a wider audience. 
• Mobile App Access: Customers can access and shop from the marketplace through the mobile app. Easy Registration: The module simplifies the seller registration process, encouraging more vendors to join the platform.

Marketplace Pro Module – FME Modules

Marketplace Pro Module grants a new and strong dashboard to keep track of income through charts. A minimum withdrawal amount for sellers, a hold time for payments, and a percentage of the seller fee for orders can all be set by you.

Pricing Plan:

• €139.99/year

Key features: Seller Management:

• Full Seller Management: The module provides comprehensive tools for managing sellers, including registration, approval, and commission management. 
• Seller Dashboard: Sellers have their own dedicated dashboard to manage their products, orders, and profile. 
• Product Management: Sellers can add, edit, delete, and manage their product listings. 
• Payment Management: The module supports various payment methods for admin payouts and allows sellers to manage their payment details. 
• Seller Profiles: Vendors can create and manage their profiles, including contact information and ratings. 
• Auto-Approval: The module can be configured to automatically approve new seller requests. 

Other Notable Features:

• Multiple Payment Options: Supports a variety of payment methods for both buyers and sellers. 
• Membership Plans: Allows you to create different membership plans for sellers with varying features and commission rates. 
• Multishop Support: The module can be used with multiple stores (multishop). 
• No Subscription Fee: The module is available without any subscription fees. 
• Free Lifetime Support and Upgrades: Offers free lifetime support and upgrades for the module. 
• Customizable Email Templates: Allows you to customize email notifications sent to sellers and buyers. 
• Mobile App Integration: Compatible with the PrestaShop Multi-Vendor Marketplace mobile app. 
• Transaction Details: Provides a detailed view of all transactions, including status (paid, canceled, successful, pending). 
• Additional Features: Supports adding videos to product pages, product combinations, and allows sellers to set their own shipping methods. 
• Admin Control: The admin has full control over the marketplace, including commission rates and seller management. 
• SEO Optimization: Can be optimized for search engines to improve visibility.

FAQs

What is a multivendor marketplace platform?

Multi-vendor ecommerce is an online marketplace model that allows multiple businesses to sell their products or services within a single platform, letting customers browse multiple vendors while checking out with one cart.

What is a multi-vendor marketplace?

A multivendor marketplace is an e-commerce platform that empowers multiple vendors to sell their products from one storefront. Multivendor stores give shoppers a huge catalog to choose from and provides sellers with a bigger base of ready-to-buy customers. Think of multivendor platforms as shopping malls.

What is a multi-vendor system?

A multi-vendor marketplace is an eCommerce platform where multiple independent vendors can register, list, and sell their products. Instead of a single business offering all the items, the platform hosts a variety of vendors, each managing their own inventory, pricing, and product listings.

What are multiple vendors?

Multi-vendor commerce is an e-commerce model where a platform acts as an intermediary for multiple independent vendors or sellers. This approach allows customers to access a diverse range of products or services from various sellers within a centralized marketplace.

How to make a multi-vendor marketplace?

How to build a multi-vendor marketplace in 5 steps

1. Find and validate your niche. The most successful marketplaces start small.
2. Choose your business model.
3. Build your MVP.
4. Set up trust infrastructure and secure payments.
5. Launch, learn, and grow.

How do I make money?

The easiest method is to get a small percentage (a commission) from each sale a vendor does on your site. Besides, you can rent space to vendors and get a regular income from them by charging a monthly or yearly fee.

Summary of Platforms

No.	Platform Name	Description Summary	Pricing	Key Features
1.	Bagisto Multi Vendor Marketplace – Webkul	Uses Laravel to turn a simple Bagisto store into a multi-vendor platform with dedicated dashboards.	Free and Open source	Customizable Vendor Dashboard, Commission Management, Easy Order Management
2.	Mayosis WordPress Marketplace	A great option for selling digital items like arts, music, and ebooks.	Free Trial, Regular: $69/yr, Extended: $1990/yr	Responsive design, Easy digital downloads integration, Advanced search and filtering
3.	Dokan WooCommerce Plugin	A popular WooCommerce plugin that provides front-end dashboards for vendors and a rating system like eBay.	Basic: Free, Starter: $149/yr, Professional: $249/yr, Business: $499/yr, Enterprise: $999/yr	Vendor Dashboarding, Easy commission systems, Intuitive surface
4.	Yith WooCommerce Multi Vendor Extension	Allows a registered user to manage a store, with vendors selling their own products and editing inventory based on admin permissions.	$149.99/year	Vendor-specific Commission Rates, Frontend Vendor Registration, Vendor Store Management
5.	Magento 2 Multi-vendor Marketplace – CedCommerce	A solution for entrepreneurs to create a marketplace on Magento 2, enabling vendors to launch their own brands and manage orders.	Basic: $60, Platinum: $299, Custom: $60	Vendor Product Management, Order and Transaction Management, Separate Vendor Profile
6.	Shipturtle: Marketplace Creator	A Shopify app that converts any website into a marketplace with a robust Order Management System for both merchants and vendors.	14-Day Free Trial, Startup: $29/mo, Enterprise: $149/mo	Vendor Dashboards, 200+ Shipper Integrations, Commission Automation
7.	Magento 2 Marketplace Extension – LandofCoder	A module to change an e-commerce shop into a vibrant marketplace with different seller profiles, compatible with Magento 2.0-2.3.	Basic: $299, Essential: $599, Pro: $999	Vendor Vacation Settings, Review and Rating System, Advanced Report System
8.	Multiple Vendors Extension – Magenest	A well-known Magento 2 extension that allows you to easily manage vendors and orders, set commissions, and create a question area for vendors.	$249/year	Vendor Verification System, Vendor Social Media Integration, Auto Approve Product Feature
9.	Multi Vendor Marketplace Module – CMSMart	Provides a simple vendor admin interface for Magento 2, allowing vendors to manage their catalogs and profiles easily.	From $239	Product Comparison Feature, Vendor Transaction History, Vendor Messaging System
10.	Marketplace Multi Vendor Module for Magento 2 – Webkul	An extension to transform a Magento 2 store into a full-fledged shopping center where vendors can handle their inventories and shipments.	$349/year	Separate Seller Profile, Commission Management, Feedback and Review System
11.	Growcer Multi Vendor Grocery Marketplace	A specialized platform that enables people and companies to create a hyperlocal multi-vendor grocery business.	Custom Pricing	One-Click Product Import, Delivery Management System, Geolocation-based Store Selection
12.	Yo!Kart Multi Vendor Marketplace Platform	A ready-to-use, license-based solution for creating multi-vendor marketplaces with pre-installed features and a smooth user experience.	GoQuick: $1249, GoQuickBoost: $2499, GoCustom: $6249	Easy customer management, Abandoned Cart Reminder, Mobile App Integration
13.	Advanced Multi Vendor Marketplace Module – Webkul	A module that automates the vendor registration process and allows you to translate pages, insert custom CSS, and manage vendors and commissions.	€139.99/year	Shipping Method Management, Catalog Rule Management, Custom Shipping Rates
14.	Multi Vendor Marketplace Module – Knowband	A module that simplifies the customer journey by letting them set up a seller profile, configure shipping, and write product reviews.	€139.99/year	Multi-Lingual Compatibility, Vendor Review and Rating System, Customizable Commission Rates
15.	Marketplace Pro Module – FME Modules	Grants a new dashboard to track income with charts, and lets you set a minimum withdrawal amount and a percentage seller fee for orders.	€139.99/year	Customizable Vendor Dashboard Theme, Product Q&A Section, Vendor-Specific Coupons and Discounts

Conclusion

It is a brilliant business opportunity to launch a multi-vendor marketplace, and it’s also much simpler than before to do so. An online community of sellers can be created by you for free, and the vast range of products can be offered without the need to manage all the stock.

The most crucial step is to select the most suitable platform for your business. Consider what your objectives are, how much money you have available, and what type of products you would like to sell. You can create your own online shopping mall and embark on your journey as a marketplace owner with the right tool.