Converting your Magento 2 based store into a multi-vendor marketplace is easier than you might figure. After you have made a successful beginning with your eCommerce store, a marketplace for your store becomes necessary. A multi-vendor extension can do that for your store and turn it into a multi-vendor marketplace. It is a tool with immense potential, also the add-ons endow your eCommerce store with a wide variety of important features. It is also available for all the latest platforms including the Magento 2.

Features Of Magento 2 marketplace extension

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The versatility that accompanies the marketplace extension also brings along following features.

• You can register your vendor account: All you need is to enter your company name, your name, phone no., and your email in the vendor registration page. It is later verified by the admin before approval. If the details put in by you fail to be verified as correct, your account will not be registered. The admin also controls the updating the vendor information in the backend.

• The seller dashboard offers the vendor the feature of creating its own product. You can create products in categories such as downloads, bundles and virtual. You can also fix the quantity of the products you have designed as well as tier price, special price, and related options.

• Manage Messages: It also provides the feature of messaging to the consumers so they can easily communicate with vendors in post-sale and pre-sale stages.

• Manage Withdrawals: You can keep track of your transactions, put in a request for a withdrawal with marketplace owner. Admin would receive an email notifying him of the withdrawal request made. They can then immediately make the payment or schedule it for a later date.

• Manage Reviews and Ratings: Admin has the control of managing of all the reviews and feedback regarding the products from a vendor in the backend.

• In addition, the Mobicommerce Magento Marketplace Plugin has support for Advanced Commission, Paypal Adaptive Payment, Vendor social login, Table Shipping, Seller price comparison, Vendor vacation, etc., plugins.

Advantages of a multi-vendor marketplace

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But how does a marketplace extension help your eCommerce business? Below we list the advantages added by Magento marketplaces and multi-vendor extensions

• You can essentially turn your Magento based store into a virtual shopping mall. You also have increased access to seller services and their products.

• More access to the sellers too, now you will have more sellers register and market their products and services.

• An extremely minimal and simplified web store interface so that managing your marketplace becomes easier.

• You can manage the sellers in your eCommerce store.

• The seller panel is extremely responsive making the on the go management of products possible.

• The feature of managing both the simple and configured products is now added.

• All Products and their categories, every seller, all customer groups can have commissions set by you.

• Payment has been simplified and now both bulk payment to multiple sellers and to individual sellers can be done.

• Any product requested by the sellers can be modified or removed by you. You can approve or disapprove any product.

Summary

Converting your magento store into a marketplace will serve you multiple purposes. You can have access to both the consumers and the sellers giving you a far wider reach into market full of potential customers both in sellers and consumers.