A marketplace is where multiple vendors sell multiple products, in ecommerce, a marketplace refers to an online website where vendors sell their products and services. A multi vendor marketplace is an online ecommerce platform where multiple vendors sell their products.
Building a multi vendor ecommerce marketplace website like Amazon & Flipkart can take time and effort. This is where multi vendor marketplace software comes into the picture, with the help of these software platforms, it becomes easy to set up and run your multi vendor marketplace.
The world with access to the internet is filled with too many choices and also applies to the multi vendor ecommerce marketplace software. Every marketplace software comes with its own set of features which may or may not be suitable for a business. And finding the best multi vendor marketplace software can be tedious and time-consuming. So, to make it easy for you we have filtered and made a list of the best multi vendor marketplace platforms based on their features and usability in 2022 which also holds for 2023 as per our predictions.
Yourstore is an all-in-one ecommerce solution that offers services for B2B & Wholesale Ecommerce, Multi Vendor Ecommerce, Services Ecommerce and Readymade Ecommerce. Yourstore multi vendor is a popular ecommerce platform known for its robust multi vendor features, making running a multi vendor ecommerce marketplace easy.
With Yourstore multi vendor, you can onboard vendors with ease and provide them with vendor dashboards where they can manage their inventory and orders. It has the most convenient vendor payout methods, which can be automated, thereby making managing a multi-seller website hassle-free. Yourstore multi vendor allows you to earn flexible commission on every sale a vendor does.
Yourstore’s multi vendor ecommerce marketplace platform has outstanding inbuilt marketing features such as social media logins, Google and Facebook Ad tracker, Messenger integration, blogs, newsletter subscription, and an advanced SEO editor that lets you build and scale your marketplace and convert better. Know about all the features and plans offered by Yourstore multi vendor.
The pricing of Yourstore multi vendor starts from $159/month.
Magento Marketplace Extension is a plugin for the Magento ecommerce platform that allows merchants to create a marketplace where multiple vendors can sell their products. The extension provides features that enable merchants to easily manage the marketplace, including vendor registration and management, product management, order management, and commission management.
As much as they have some great multi vendor marketplace features, the Magento marketplace platform has a big learning curve and has security issues which can be the biggest downfall to any multi vendor marketplace. Magento’s regular updates force users to pricey upgrades.
The pricing of Magento multi vendor marketplace extension is $349 one-time.
BigCommerce is another popular ecommerce platform that allows multiple vendors to sell their products on a single online marketplace. BigCommerce is designed to handle large volumes of products and transactions, making it well-suited for marketplaces with many vendors and customers. It has marketplace features such as inventory management, shipping and tax calculations, and customer reviews with access to add-ons to extend the functionality of the multi vendor platform.
However, there are also some drawbacks to using BigCommerce for a multi vendor marketplace as it offers limited control over certain features and the design of the platform and some features and add-ons are costly.
The pricing of BigCommerce ranges from $29.95 to $299.95/month.
Shopify is a well-known ecommerce platform that does not support multi vendor marketplace options but it does support other ecommerce models like B2B ecommerce and B2C ecommerce. Shopify can be converted to a multi vendor marketplace through some plugins available on its app store, but it is not built for multi vendor use originally. Shopify is known for its user-friendly interface and simple setup process, making it suitable for marketplace owners without technical expertise. Shopify offers marketplace customisations through plugins and is a reliable platform with security that meets industry standards.
The cons of Shopify are that it does not offer native support for a multi vendor system and it also does not suit all industries and lacks specific functionalities for different niches. Although it might be budget-friendly initially, this marketplace platform becomes expensive when you need to upgrade to scale your business faster.
The pricing of Shopify ranges from $29 to $299/month for the base plan + additional multi vendor plugin cost.
CS-Cart is a self-hosted multi vendor ecommerce marketplace software with many multi vendor features such as easy registration, multiple storefronts, vendor payout system, and more. This marketplace platform is a well-secured ecommerce software that meets industry-level security standards.
As this multi vendor platform is self-hosted it requires advanced coding knowledge to maintain and customise the marketplace. The marketplace platform users have stated that they do not provide good customer support and the quality of add-ons. Although the platform has multiple add-ons, they come with a higher price.
The pricing of CS-Cart starts at a one-time fee of $1450 for basic and $3500 for multi vendor plus and $7500 for multi vendor ultimate.
Mirakl is a multi vendor marketplace platform that focuses mainly on helping SMBs and Enterprises create and manage their online marketplaces. Mirakl concentrates on process automation from vendor onboarding to payment processing and is a highly customizable marketplace platform.
Businesses without experience may find the platform challenging to set up and maintain. This marketplace platform software requires a high upfront investment, especially for businesses that require customisation and support.
The pricing of Mirakl depends on custom requirements, usually 6-digit prices.
Arcadier is multi vendor software that provides a platform for building marketplaces that allow multiple vendors to sell their products or services. Arcadier is easy to use for both vendors and customers and the platform can handle many vendors and products with various payment and shipping options.
This subscription-based marketplace platform has limited designs and functionality compared to building a custom marketplace from scratch and there are complaints regarding the cost of customisation and additional API requirements.
The pricing of Arcadier ranges from $79 to $375/month based on the plan you choose.
Sharetribe is a popular SaaS platform for multi vendor marketplaces. Businesses can launch a marketplace without any technical support as it is a no-code marketplace solution. Sharetribe is a good platform to start a marketplace with decent multi vendor features.
Some downsides to this platform are that it has limited features and functionality that allows little space to grow and scale your marketplace.
The pricing of Sharetrbe Go ranges from $79 to $239/month with features according to the plan you choose.
Virto Commerce is an open-source ecommerce marketplace platform designed for businesses of all sizes, from small startups to large enterprises. Some of the key features of Virto Commerce include support for multiple languages and currencies and a wide range of integration options.
On the other hand, the con of Virto Commerce is that it is based on the .NET framework which may be a limitation for some users. Additionally, since it is an open-source marketplace platform, it may require more technical expertise to set up and maintain compared to proprietary platforms.
Virto Commerce has two pricing methods, one based on the gross merchandise value starting at 0.5% and the other based on the order volume starting at $2/order.
ZielCommerce is a flexible ecommerce platform that allows businesses to set up B2B, B2C or C2C marketplaces easily. It is a white-label solution which means you can use this software like it is your own. This marketplace platform is secure and easy to use.
The cons of ZielCommerce are that it has limited functionality and payment gateway customisation.
The pricing of ZielCommerce is available on request.
X-Cart is an open-source marketplace software with good multi vendor features for vendors and admins. The self-hosted solution is suitable for businesses of all sizes and gives users full control over their marketplace.
The setup and maintenance of this paid marketplace solution can be complex for non-technical users. Users of this marketplace platform have also stated that it is not mobile-friendly.
X-Cart marketplace pricing starts at $399/month.
Magento 2 by CedCommerce is a viable multi vendor solution for businesses of different sizes. The multi vendor marketplace solution transforms helps you transform your Magento website into a feature-rich multi-vendor ecommerce marketplace.
Magento 2 may require a dedicated hosting solution and setup and maintenance can be complex for non-technical users.
The pricing of Magento 2 by CedCommerce starts from $199/month.
IXXO Cart is a multi vendor ecommerce software with effective marketplace features. This marketplace software platform is suitable for large-scale businesses that require high capacity.
This multi vendor software solution is ideal for high-volume marketplaces but can be challenging for users with no marketplace experience.
The pricing of IXXO Cart basic plan starts from a one-time fee of $1495.
Yith is a WooCommerce plugin that transforms your ecommerce store into a multi vendor ecommerce marketplace. When combined with your frontend manager vendors can manage the frontend dashboard and access their products and orders.
Although this marketplace plugin integrates with WooCommerce software it uses the WordPress dashboard which might need additional customisation. Users of this platform have complained about poor customer service.
The pricing of Yith WooCommerce plugin starts from $149.99/year for the first year.
Laraship marketplace is a Laravel multi vendor marketplace software that enables multiple sellers to sell their products under a single website. It offers vendors to customise their stores and it also integrates with multiple payment gateways.
The multi vendor marketplace software might require some technical knowledge to run a marketplace but users have stated that they provide prompt customer support.
The pricing of Laraship ranges from $299 to $1499/month.
Create a multi vendor marketplace website for your business to boost sales with Yourstore. Give your business a new turn with our tailor-made tools and software for powerful multi vendor marketplace solutions. We provide you with a platform to personalize your customer’s online experience with custom pricing, products and online payments and to give them the best shopping experience.
1. Your customers can have the power to personalise the product according to their requirements.
2. List multiple vendors on the same platform and manage them easily.
3. Charge vendor commissions on every sale and fine-tune your commission for each vendor easily.
4. Our automated tools help you to reach out to customers effortlessly and continuously, maintaining communication throughout.
5. Launch and manage your online store with us in no time.
6. Using our automated vendor settlements, you can send the settlement due to each vendor without any manual efforts.
Using the various options available, Yourstore allows you to customise the way your online store operates.
Get in touch with our specialists for assistance with customisations.
Our aim is to help you build an easy-to-use, reliable and stable business website.
Read our other blogs to keep yourself updated with all things ecommerce and grow your ecommerce business.
Sumaya Sheik, Yourstore
17th April 2023