Top 3 Multi-Vendor Marketplace Extensions in 2021

What are the online multi-vendor marketplace extensions?

As said before, a Multi-vendor extension is a great solution that anyone who is interested can make use of to create an online marketplace website or mobile eCommerce application. This solution skips the basic functionality builds and developmental cost, with support for multiple vendors to sell on it.

Top 3 Multi-Vendor Marketplace extensions in 2021

Silent features of Multi-Vendor Marketplace Extensions

An online marketplace solution must offer features that suit many eCommerce business models.

› Vendors:

Must support on-boarding of third-party merchants as sellers on the platform

› Dashboard:

Must offer sellers with their dedicated Dashboard on the front-end of the platform

› Products:

Must allow sellers to upload and manage their product listings and orders

› Tracking:

Must allow the admin to keep track of every third-party seller on the platform

› Revenue:

A commission management system to bring Revenue to the marketplace owner

› Analytics:

Must allow admin to keep track of earning analytics for every seller

› Earning:

Every seller must be able to track their earning analytics.

› Payments:

Admin must get more manageable ways to transfer seller earnings respectively, e.g. PayPal.

› Communication:

A multi-channel communication system for-

› Review:

Customers must be able to write reviews of products or share their purchase experience.

› Refund:

A refund or return management system that goes through admin to sellers from customers

› Subscription model:

A subscription management system for the admin to generate extra Revenue by offering value-added benefits to the members

› Ultimate control:

Admin must have decisive control of the platform, sellers, and its customers.

› Scalability:

Must handle numerous users, products, sellers, and third-party APIs with Ease.

› Economical:

The entire purpose of a ready-made marketplace software is to reduce the platform’s overall cost of development, deployment, and maintenance.

Magento Multi-Vendor Marketplace Extensions

Marketplace Multi-Vendor extension is a popular extension for Magento, which turns it into a fully functioning multi-vendor marketplace. We’ve chosen to highlight the Magento version because it seems to be the most robust.

BigCommerce Multi-Marketplace

BigCommerce is a popular name in the eCommerce solutions market, but it does not offer multi-vendor solutions out of the box. Instead, it allows third-party developers to build and sell multi-vendor extensions for its platform. Popular developers are selling multi-vendor extensions, which you can use to turn your BigCommerce store into a marketplace platform.

› Hybrid or Dedicated multi-vendor:

The extension is a dedicated multi-vendor solution for BigCommerce. However, BigCommerce is originally an inventory-based platform.

› Ease of use:

BigCommerce is one of the most user-friendly eCommerce solutions in the market.

› Customizability:

It offers limited Customizability with no source code access.

› Software Delivery model:

To mention, Software as a Service is the delivery model.

PrestaShop Multi-Marketplace

PrestaShop is a similar eCommerce platform to Magento, and it does not support multi-vendor features out of the box. Following the same methods, you can get a PrestaShop marketplace module to introduce multi-vendor features.

› Hybrid or Dedicated multi-vendor:

PrestaShop supports a multi-seller model that has been available in the extension features.

› Ease of use:

PrestaShop is comparatively easier and lightweight than Magento, but it’s trickier than most SaaS-based alternatives.

› Customizability:

Any skilled PrestaShop-PHP developer can customize a PrestaShop store with Ease.

› Software Delivery model:

It is available, both self and cloud-hosted options are available.

Wrapping Up

When aiming to answer the Top 3 Multi-vendor marketplace extensions in 2021 for your eCommerce business, you should consider the Magento Marketplace Solution for its most extensive community support and maturity in availing solutions for any multi-vendor website.

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