MarketPlace

A marketplace (or online marketplace) is a platform where multiple sellers and buyers come together to trade products or services.
It’s like a digital shopping mall with different vendors selling under one roof.

             

 

                                  How Does It Work?                                                                                                                                               

 

  • The marketplace operator runs the website/app (e.g., Amazon, eBay, Etsy).

  • Sellers/vendors list their products or services on the platform.

  • Buyers browse and purchase items.

  • The marketplace usually takes a commission or fee for each transaction.

 

                    Key Features of a Marketplace:                                                                                             

  1.  Multiple sellers and product listings.
  2.  Buyers can compare products from different vendors.
  3. Marketplace operator usually handles payments and sometimes shipping.
  4. Reviews, ratings, and dispute resolution features.