Magento Multi Vendor Marketplace- Multi-dimensional functionalities for the admin

Magento Multi Vendor Marketplace- Multi-dimensional functionalities for the admin Marketplaces are the perfect methodology for extending the deals and conversions of an eCommerce site. An online conversion is much similar to a physical commercial market. However, there is a distinction that the deals and inventories are all controlled by the individual sellers yet the transactions and billings are all prepared by the marketplace administrator.

Discussing a Magento eCommerce site, marketplace extension has an enormous scope of functionalities to fit different business needs. Magento marketplace extension has got all you need for little to huge eCommerce organizations. You can really change your current eCommerce store into a completely utilitarian marketplace by introducing this single module onto your store. It's a feature packed You can really change your current eCommerce store into a completely utilitarian marketplace by introducing this single module onto your store

A Feature-packed admin panel to manage your marketplace: 1. Access to admin for managing sellersAccess to store admin for tracking and managing the list of vendors and sellers along with their respective accounts. Store admin has got all the access to view the list of all sellers associated with his/her marketplace.

2. Final authority to store admin-

Store admin can either accept or reject a new seller account request. The store admin has the final authority to manage all the requests that come from a seller.

3. Product management on the marketplace A seller product will not be active on the marketplace until the admin approves the product request by the seller.

4. Manage the commission ratesStore admin can manage his/her earnings by deciding the commission rate from each seller. He/she has an option to set a global commission rate for all sellers the sellers or can simply decide individual commission for an individual seller only.

5. Track buyer and sellersAdmin can track the transactions made by the buyers and can mark them paid once the amount is paid. He/she also has the power to track the transactions for individual sellers.

6. Interface is familiar and hassle freeThis Magento marketplace extension is designed to provide the store admin as well as the seller with a very easy to use user interface. The graphical user interface is can be handled by a person with no coding knowledge. He/ she can easily manage the products, sellers, commissions and much more using a single panel.

7. Efficient reporting systemAdmin has an access to track each and every seller on his/her marketplace by going through a comprehensive report generated by the reporting system of this Magento Marketplace module. The report can be generated for sales, earnings, transactions and much more.

Magento Multi-Vendor MarketPlace module is a very useful MarketPlace extension provided by the Knowband. This extension is capable of converting an existing online store into a fully functional and ready-to-sell marketplace. Knowband also provides the support for plugin integration and installation services.