Marketplace Development

When it comes to e-commerce, online marketplaces can act as a great resource for online consumers who want to save time, money and effort when purchasing services. A marketplace, (also known as a multi-vendor marketplace), is an online platform where the website owner allows third-party sellers to sell on the platform and charge customers directly, and different sellers can market their products to customers. On an online marketplace, consumer transactions are handled by the marketplace operator and then executed and delivered to participating retailers or wholesalers. Not all e-commerce websites are marketplaces, on the contrary, they are markets where certain brands sell their own products.