Multivendor product catalogue
Marketplace vendors contribute their product and service assortments while the marketplace operator carries out acquisition campaigns, processes transactions, and manages day-to-day operations.
Multivendor orders, one single payment
In a marketplace model, the buyer carries out one single checkout process even when buying products from different vendors.
The marketplace automatically processes the orders, manages collections from the buyers and settles all balances owed to vendors according to marketplace policies.
- 89% of customers appreciate the convenience of marketplaces, as they can research and purchase a wider variety of products
- 90% of customers would repeat a purchase in a marketplace
- 60% of digital sales already happen through marketplaces