The booming of shopping online in recent years brings many chances to Magento merchants as well as created a lot of challenges. The most significant difficulty for store owners is the rising competition. What should we do to attract customers among the million stores? By developing Magento marketplace websites, we can offer customers a wide range of products and services with rational investment. Let’s see how Magento marketplace extensions can help and where to find the best of them!
What Is The Marketplace?
An online marketplace is where multiple third parties can provide their products and services. It allows vendors to have accounts and sell their products on a website under the website admin’s or the marketplace owner’s control.
Here are some of the most popular marketplaces in the world:
Amazon
eBay
Etsy
Alibaba
AliExpress
Should We Create A Magento Marketplace?
We can turn a regular Magento website into a multivendor marketplace with the help of Magento 2 multivendor marketplace extensions. First, let’s look at the benefits of marketplaces.
To the marketplace owners:
- A marketplace with a massive number of vendors and small online stores will attract numerous customers with different needs.
- In the case of the global marketplace, the massive traffic worldwide allows for generating a significant amount of sales.
- No need for inventory maintenance and management.
- Get the commission fee for each product and service sold by the vendors.
To the vendors:
- Lower risk of trading on a multivendor platform compared to operating an independent store. Small-scale sellers can start with minimum investments.
- No need to find buyers. The massive incoming marketplace traffic provides a large number of customers.
To the buyers:
- A wide variety of online stores provides an opportunity to compare prices and select the product that meets their needs and preferences.
- There is no need to visit multiple websites; visit a one-stop shop and enjoy the best experience and convenience.
Of course, none of that is to say that running a marketplace is easy. A lot of work goes into content curation and moderation. Creating a hyper-vertical market, such as focusing on a specific niche, takes a lot of work from the marketplace owner in sourcing sellers and including the right products. The effort pays off, though. With so many vendors selling under one roof, marketplaces are fascinating for consumers to find cheaper options and new alternatives. A Magento marketplace, done well, can be a massive community of delighted customers.
Top 10+ Magento Marketplace Extensions
1. Vnecoms
Overview
With vast experience in Magento online marketplace development, we have tried and used almost all of the Magento 2 marketplace extensions on the market. And in our opinion, Vnecoms’s multiple vendor module is one of the best, with high code quality, rich features, and excellent vendor interfaces.
Feature Highlights
- Standard:
- Flexible Commission Calculation
- Support Magento default payment methods
- Support all product types
- Manage sellers’ groups, accounts, attributes
- Custom profile and registration forms
- Configure credit and escrow transactions
- Handle withdrawal requests
- …
- Advanced:
- Vendor homepage (rating, featured products, categories)
- Vendor membership
- Search by vendor
- Vendor multiple flat-rate shipping
- Vendor quotation
- Live chat for vendor
- Vendor domain
- Vendor SMS notification
- Mass product import/ export
- Price comparison
- Banner manager
- …
Vendor homepage
Vendor dashboard
Magento 2 Admin Panel – Marketplace
Price
There are four editions for you to consider: Standard, Platinum, Pro, and Agent, starting from $199. All of the options go with 1-year support, a lifetime upgrade, and a 30-day money-back guarantee.
2. Land Of Coder
Overview
Land Of Coder provides a multivendor marketplace extension for Magento 2 with fast search functionality. Moreover, they simplify the vendor registration process, review & rating system. Besides, the commission is uniquely flexible.
Feature Highlights
- Fully supported REST API
- Commission setup is flexible for sellers
- Unlimited vendors and products
- Multiple gateways and multilingual supported
- Vendor shop page
- Vacation setting
- Social login
- Advanced reports
- Creating split orders, invoices, shipment
Vendor homepage
Vendor dashboard
Magento 2 Admin Panel – Marketplace
Price
Specifically, Landofcoder divided its marketplace extension into three: Basic ($399), Pro ($999), and Enterprise ($1,599) based on the scale of the business.
- Basic: for small businesses with essential stock management or warehouse.
- Pro: for a large retail business with multiple stores, warehouses, and suppliers.
- Enterprise: for business using Magento/ Adobe Commerce edition.
Landofcoder commits to taking your Magento store to the next level by allowing an unlimited number of vendors to upload, sell, and manage their products. Hence, boost the customers’ shopping experience by letting them review and rating any seller/vendor, products, and services.
3. CedCommerce
Overview
CedCommerce Magento marketplace extension allows multiple vendors and buyers to do anything they want in the automatic online marketplace. On the one hand, sellers can take complete control of their products, shipments, sales, credit memos, and invoices in Seller Cpanel. On the other hand, by reviewing and rating, buyers can make a judgment about products and their shopping experience.
Magento 2 Admin Panel – Marketplace
Feature Highlights
As described on their website, they are providing outstanding features to make productive marketplace solutions. Let’s see what makes the difference between CEDcommerce extensions with the other!
- Secured payment methods: Their payment methods are secured and accept the payment smoothly. Furthermore, there are more than ten payment gateways supported.
- Multi-shipping: the vendors can include numerous shipping methods for the customers.
- Unlimited product listing: vendors can list an unlimited number of products.
- Email notifications: emails would be sent to the customers on various events like login, signup, order placing, and more.
- Rate and review: customers have the ability to rate and review the products directly on the website.
Price
Unlike any other extension, CedCommerce provides three plans, each of which is available for both Magento Open Source and Commerce editions:
- Basic: $60 for Open Source and $160 for Commerce.
- Platinum: $299 for Open Source and $499 for Commerce.
- Advance: $1,600 for Open Source and $1,800 for Commerce.
4. Webkul
Overview
Webkul is one of the most popular Magento 2 marketplace multi-vendor extension providers. By starting selling on a marketplace using their extension, vendors can manage their profile page, collection page, inventory, and shipment. Also, this extension support all Magento 2 templates and themes.
Feature Highlights
- Fast & Intuitive interface: This extension creates an easy-to-use and attractive interface for customers and vendors.
- Automatically & Manually Seller/Product Approval: The sellers and their products can be approved manually or automatically depending on the store owner.
- Layout Configuration: Based on the purpose, store owners can change the layout of marketplaces
- Seller Profile Management: From Vendors’ dashboards, they can manage their storefront profile.
- Global/Separate Seller Commission: The commission can be set at a global rate for all Vendors or differently by the Admin.
- Report Seller/Vendor And Products: Customers can report the seller and their products.
- Assign Products To Vendor: The Admin can assign products from the admin product edit page to the seller.
- Separate Vendor Dashboard: Admin can let the sellers have different dashboards simultaneously for showing store information overview.
- Multiple Seller Products Checkout: in a single process, a customer is able to checkout with the products from different vendors.
- Supports Multiple Payment & Shipping Gateways: both online and offline payment and shipping gateways are supported.
- Featured Vendor/Seller Banner: owners of the marketplaces can add a featured seller slider.
- SEO Friendly: This provides SEO-friendly URLs, which help seller public pages easily readable to users and web crawlers.
Magento 2 Admin Panel – Marketplace
Price
Webkul is now offering two different versions of the extension based on the Magento edition that you are in:
- $349 for Magento Open Source Edition
- $698 for Magento/ Adobe Commerce Edition
The price includes the support period of 3 months, not having a $69.8 installation fee.
5. Module Bazaar
Overview:
With this Module Bazaar extension, your Magento 2 website can turn into a multivendor marketplace with many beautiful features.
Feature Highlights
- Multilingual Capability: this is the best feature of the extensions. Using Module Bazaar extension, we do not need any language pack because more than ten languages are supported (English, Chinese, Spanish, Arabic, Portuguese, Indonesian, Japanese, Russian, French, German, Filipino, Vietnamese, Thai, etc.).
- Add/edit vendor information: from the backend, admins can add, and edit vendors’ information. Also, they can remove the existing vendor.
- Set product approval: before a product appears in the store, admins can set the permission to On/OFF.
- Assign products to a vendor: both admins and vendors can manage the products, orders, reviews & ratings.
- View commission and settlement records.
Price
The weakness of this module is that it can only be used for the Magento Open Source edition at $149.
6. Magenest
Overview
At Magenest, they said we could run a marketplace on Magento 2 with no effort. With these extensions, we have a systematic way to manage multiple vendors. Moreover, there are various toolkits to attract and motivate the vendor.
Feature Highlights
- Manage vendors and their orders, and products easily. The website owner can review and approve vendors’ products. Also, they can bring their products and services to the marketplace.
- The commission is a vital factor in bringing vendors to the marketplace. To ensure that vendors will get the highest satisfaction, the website owner can set different commission levels for each vendor.
- Vendors can send their questions to the marketplace owner.
- Customers are allowed to buy products from different vendors at the same time.
- Seller feedback and ratings.
Magento 2 Admin Panel – Marketplace
Price
The price of Multiple vendor extensions from Magenest is $249 for Magento Open Source. and $649 for Magento/ Adobe Commerce.
7. Magetop
Overview
Magetop’s extension offers outstanding features to turn a Magento website into a marketplace. Here is Magetop’s marketplace impressive frontend:
Feature Highlights
- Vendor registration page: by registering through the registration page, vendors can register a business.
- Seller Verification: this process collects and verifies scanned documents from the vendor while registering.
- Vendor shipping: vendors can set up the shipping fee separately for each product.
- Seller vacation mode: The vendor can use this mode to notify the customers that they are inactivity.
- All product types supported: all 6 product types that Magento support (simple, groped, configurable, virtual, bundle, downloadable) are available when using this extension.
- Commission management: website owners can set different commissions for different vendors.
- Enable/Disable products: vendors can enable/disable their products
- Real-time product status: products will be deactivated/deleted right away after vendors disable/delete them.
- Payment history and transaction report: We can view the account statement with credit and debit transactions for each vendor.
Magento 2 Admin Panel – Marketplace
Price
Magento 2 multi-vendor marketplace extension from Magetop will cost $299 for the Community edition and $398 for the Adobe Commerce edition. Moreover, based on the module version, it cost more – $200 more for a professional one and $400 more for a premium one.
8. Apptha
Overview
To convert your website to a marketplace, using Apptha’s module is not the wrong choice. This module allows multi vendors to sell their products in a single store.
Feature Highlights
- Seller Dashboard: both Admin and Sellers get their exclusive dashboards to manage their sales and the analysis of their performance.
- Vendor-specific URL: Vendors are allowed to use their brand name or a keyword with high search volume as the URL of their store’s profile
- Portfolios: For more information about the customer, the sellers can create an entire profile page. Moreover, products can be promoted here.
- Custom Attributes: while adding products in the front end, vendors can choose custom attributes created by the admin.
- Admin Dashboard: Real-time notification updates, sales insight, average order values, best sellers, etc.
- Flexible Commission.
9. Magebay
Overview
Magebay Magento multivendor extension is considered an all-in-one solution for people who want to turn a Magento website into a marketplace.
Feature Highlights
- A power dashboard manages all things.
- Able to create your products or resell products from other vendors.
- Ready to set up the shop profile page(logo, page URL, banner, promotion).
- Able to create custom product attributes for configurable products.
- Reduced selling cost based on the settings from the site owner.
- Sale reports & marketing analytics for each selling item.
- Social sharing and promoting sale promotion programs on more channels.
- Withdraw funds requested to the credit card or bank account.
Magento 2 Admin Panel – Marketplace
Price
There are three options from Magebay for us to choose from:
- Starter at $299 for basic features and plugins, lifetime license key for one domain.
- Professional at $499 for basic features and plugins, lifetime license key for two domains.
- Premium at $799 for all features and plugins, lifetime license key for two domains.
10. Purpletree
Overview
This extension from Purpletree is a comprehensive solution for people who want to allow multi vendors into the Magento 2 store.
Feature Highlights
- Add/edit vendor information: Admin can add a vendor and edit their information from the backend. And they also can remove the vendor.
- Set product approval: Admin can set the approval requirement to ON/OFF.
- Set registration approval: from the front end, the seller can register. However, Admin may want to verify the details before approving the seller.
- View seller orders from the admin panel: Admin has the ability to see seller orders from the admin panel.
Magento 2 Admin Panel – Marketplace
Price
This extension costs $149 with six-month free technical support.
11. MageArray
Overview
The last suggestion in our list of Magento Marketplace extensions is from MageArray, which offers tons of features to convert a website to a fully functioning marketplace.
Feature Highlights
- Allow unlimited Sellers/Vendors to register and sell their products.
- Have your Sellers/Vendors and their products in control.
- Able to set commissions for each vendor.
- Manage the Products on the go with the Responsive Seller Panel.
- View Orders with their items from the Seller Panel.
Magento 2 Admin Panel – Marketplace
Price
The price of this extension is $199.
How To Create A Marketplace With Magento Marketplace Extensions?
Many people misunderstand that installing Magento 2 marketplace extensions will turn their website into a professional marketplace like Amazon, Alibaba, or eBay. Those are just plugins, not e-commerce marketplace software.
Tigren – one of the pioneers in providing Magento services, can help you select the most high-quality Magento 2 marketplace module and build a fantastic e-commerce marketplace website. Contact us now ([email protected]) to get a free quote and consultation for your project!
