Find all in one marketplace solution in Magento 2 Marketplace Extension

The Magento Marketplace extension helps convert your normal Magento store into a multi-seller eCommerce platform like Amazon, Alibaba, eBay, etc. With the help of the extension, the store's functionality can increase greatly. Thus, the Marketplace extension is one of the best Magento 2 extensions.

Vendors will be able to join up, build a seller storefront, examine the dashboard, add different sorts of items, handle orders, and produce invoices, shipments, and credit memos using the marketplace capabilities.

When you convert your store into a marketplace, then it is also beneficial for the customers. The customers can give reviews and ratings to the vendors, view the seller’s profile, send them inquiries, and see the product collection of the seller.

Various merchants can sell their items and administrations in a web-based commercial center. A commercial center stage gathers things from an assortment of shippers to provide consumers with a diverse range and availability, which might not be possible in a retailer-specific online store.

Magento also offers various extensions that help the sellers that make their work easy. Advanced reports Magento 2 is one extension that can help sellers make effective decisions for their business. The extension provides various reports to track your KPIs. You can also create personalized reports as per your need.

Features of Magento 2 marketplace extension

The Magento marketplace extension has various features for admins as well as sellers. Let’s see them one by one.

Features for Admins

1. Easy configuration of the Marketplace Module.
2. This module also has an appealing design for handling Products, Sellers, and Commissions.
3. The extension allows you to see a list of all of the marketplace's merchants in one spot.
4. The admin gets the option to approve or disapprove.
5. Admin has an option to manage the settings of the seller profile page.
6. Admins can also set the criteria for the minimum order amount.
7. Admins can approve mass items and vendors at a time.
8. From the merchant's board, the administrator can permit a vendor to add related things, up-sell items, and strategically pitch items.
9. At the point when item stock surpasses the predetermined least level characterized by the administrator, the merchant is notified via email.
10. The admin can utilize Google Analytics to study the entire web data.

Features for Sellers

1. Sellers can track their revenue, orders, comments, customer reviews, etc.
2. Vendors can add their social media icons to the profile page.
3. Sellers can use Magento 2 PayPal multi-currency to ease the payment for their clients, which can prompt an ascent in deals.
4. Sellers get the option to set the minimum order amount.
5. Can get to Google analytics to concentrate on the information and execution.
6. Add product videos along with the images.
7. The merchants can really look at their day-to-day, month-to-month, and yearly deals.
8. A different individual page with their organization seal and an assortment page with their corporate standard is given to the shipper.

Features for customers

1. Clients can, without much of a stretch, analyze various results of the different merchants.
2. Customers can view complete product details.
3. View merchant profile.
4. They can contact the vendor for any request.
5. Using the same cart, the client may place orders for several vendor items. 
6. Customers may see the vendor's location on the seller profile page.

Benefits of Magento 2 Marketplace extension

Single invoice generation

• By using the Magento 2 Marketplace Extension, the buyer can generate a single invoice even if he buys items from multiple merchants. This shows amazing invoice management by Magento.

• Customers may not buy all the products from a single seller; they may buy different products from different sellers. At that time, this extension can be very useful as work will be done with just a single invoice.

Easy returns and refunds

• Returns and refunds are very common in online business. If you do not fulfill returns and refunds on time, then your customers may move away from you. Thus, it is important to pay proper attention to returns and refunds. 
• With the help of this extension, the returns and refunds become easy for customers as well as sellers. You can quickly and easily process all the requests for returns and refunds of the customers.

Vacation mode

• Today, people are very much under stress, and in such an environment, it is important to take a break; otherwise, it may affect your health. 

• Sellers can go on vacation mode by submitting a marketplace admin request to deactivate their business after receiving the necessary clearance temporarily. Just after their submission, the store of that particular will be inactive for the time mentioned by the seller. 

• You can place the vacation request from a different section of the seller dashboard.

Bulk product uploads

• If you own an eCommerce store, you have to upload the products to your store so that the customers can see those items and buy them from the store. But it will be very tough if you have to upload all the products individually, so you need a facility that offers you to upload the products together. And Magento marketplace extension does this work.
• With the help of the marketplace extension of Magento, you can upload all the products in bulk, and this will save your time and effort. The vendor just needs to upload the product list in CSV format, and in just a few clicks, the items will be listed.

Conclusion

So, this is all about the Marketplace extension of Magento 2. It seems to be a one-stop solution for various problems of the sellers. Also, it provides amazing features for all parties involved, whether it is a customer, admin, or seller. Thus, we can say that this extension is an all-in-one marketplace solution.