The Magento 2 Multi-Vendor Marketplace Extension is a way to build a multi-vendor marketplace with multiple suppliers that can handle their products, shipments, and orders in an efficient manner.
This M2 extension transforms the Magento eCommerce store into a fully functional multi-vendor marketplace, which resembles Amazon.com. This extension allows for multiple sellers to be able to sell multiple products, fulfill marketplace orders, and manage inventory plus shipping.
Also, each vendor has a separate vendor portal and dashboard where they can access and track all of their products. There are more features like shipping management, schedule payments for vendors, membership options and more.
Magento marketplace sellers handle their own product orders and inventory. This gives them more control over pricing and shipping, and less admin responsibilities for the owner.
When using the Magento 2 Multi-Vendor Marketplace extension, admins can get detailed reports on products, sales, revenue, etc. They can charge commission fees based on product categories or for individual vendors.
It’s possible to create vendor subscription plans as well, which are all renewable through the vendor dashboard, and where all payments are made.
Receiving multiple product notifications is possible and vendors can easily add multiple seller shipping methods for customers to choose from. See a full transaction history for suppliers and everything is mobile responsive.
We have added a number of new features to further enhance the extension so that all of our users out there can enjoy better management tools for their online business. The new Marketplace Features include:
Automatic Payment to Vendors Via Paypal
The Marketplace Paypal Vendor Payments is an integration module for the M2 Marketplace extension which enables the marketplace admin to transfer payments to vendors who sell products on the website.
By default, payments can only be transferred manually. Using this add-on, the vendor will receive payments after connecting their PayPal emails with their supplier accounts.
It’s easy to transfer payments automatically, choosing between one of 3 options:
- Pay whenever a purchase is made on the website automatically.
- Pay whenever an order is shipped to the customer and marked as complete.
- Register the order is paid manually through the backend.
Supplier PayPal Accounts
With this add-on, admin can associate supplier PayPal accounts with their vendor accounts in both the frontend and the backend. PayPal emails can be added by the suppliers easily within the vendor portal.
Suppliers can simply manage and track all payments all in one place. Easily update requested vendors payments in a separate section in the backend for PayPal payout payments.
Another feature is to configure the Payouts API in the settings the show the PayPal payments to multiple PayPal account in one API location.
Using this PayPal Marketplace Multi-Vendor Module, it is possible to process all small transactions automatically, and send payments to vendors across the globe, not just the United States.
This quick and easy payment process quickly builds vendor loyalty and will strengthen your eCommerce store supplier and vendor relationship to provide more business in the future.
Also, this process reduces the risks of the current payment system, like preventing fraud, by using automated vendor payments.
Additionally, suppliers can select the currency that they prefer; choosing from euros, dollars, yen and others from the PayPal application configuration.
There are many benefits for suppliers using the Magento 2 Multi-Vendor Marketplace extension. Suppliers can easily add products, descriptions, metadata and images.
Associated products can be created for configurable products or existing products can be used.
It’s simple to import products in bulk, including product images, with the ability to import from a CSV file. All products can be managed and viewed with a front-end preview before products are live.
Suppliers have the ability to easily print and save shipping information depending on the selected shipping carrier’s requirements.
Additionally, every supplier has a link to their seller dashboard with the product management features for easy access.
Features that are helpful to the admin include allowing multiple merchants to upload products directly to your store and creating a steady chain of supply with suppliers and vendors.
Admin can moderate all product information, shipping arrangements and supplier capabilities. They can create a separate registration and login page for suppliers, and all payments are processed with a single shopping cart system.
Admin can manually approve the vendor profile’s after registration is complete, or set it to complete automatically. Products can be imported automatically or need approval by the admin, including bulk imports from CSV files.
Set the type of downloadable product files and their maximum sizes, as well as select what types of products can be created by the suppliers.
Easily define tax groups for suppliers products, change the labels of existing metadata for all products and fully customize product forms.
The Magento 2 Multi-Vendor Marketplace extension is a great option is building a successful eCommerce store. There are many helpful features for admin, suppliers, and vendors to create, track, and manage products easily.
One new feature is the Magento 2 Marketplace PayPal Integration extension, which makes payment processing a whole lot easier with PayPal. Vendors and suppliers can more easily link their separate accounts to PayPal, both manually and automatically.
This saves time and creates more organization so the suppliers and vendors can focus on the products and the shipping of the products to the customers. This extension adds a vital service to an already user-friendly marketplace.
All payments can be sent out to vendors automatically with PayPal, in three different ways, which the vendor can choose from. This extends the functionality that already exists to make it more user-friendly and make the business run smoother.
In addition, the Magento 2 Multi-Vendor Marketplace extension has added benefits for the supplier and the vendor as well as the admin to more easily complete their tasks through automation.
There is still the option to manually set accounts and make product or shipping changes though.