Features of Marketplace
There are many features in Marketplace Application
Marketplace allows you to turn your store into a vendor marketplace.
You can assign existing products to vendors, or they can add and edit their own ones.
Every vendor will have a dedicated vendor page on your site where they will be able to list all of their products.
They will also show up in your normal shop pages so you can sell your own products alongside those of your vendors.
Why Marketplace ?
A virtual marketplace, also called an ecommerce marketplace, allows third party sellers to sell their products.These third party sellers could be individual traders, large-scale manufacturers of goods, or anything in between.Unlike conventional ecommerce websites, marketplaces transfer the burden of maintaining inventories, logistics, images, product descriptions, and pricing to the seller. There is more than one operational model for marketplaces, but the most common method involves marketplaces being merely an order booking mechanism.
Marketplaces display the seller’s wares, collect orders and payments, forward orders to the seller, track delivery, and release payment to the seller after deducting a fee.