How do Wix Multivendor Marketplace works?

Are you facing issues in maintaining financial accounting transactions between admin and seller?

Do you want to earn more revenue using your eCommerce store?

Are you looking for a platform where you can manage all your sellers or vendors in one place?

If you are stuck in any of these circumstances, you must start using the Wix Multivendor Marketplace. 

Today, everyone is switching to the Multivendor eCommerce platform to make their manual work automatic, admins can manage all sellers in a single dashboard, and sellers can conveniently handle their orders using the control panel.

The multivendor eCommerce platform is a kind of online marketplace where multiple sellers can come and sell their products. The seller is required to log in and then list their products easily according to the selected plan.

The Wix Multivendor Marketplace app helps you to change your Wix store into Multivendor Marketplace. The Admin can create packages to add sellers to the marketplace. The admin takes a commission from every seller as per the plan selected by the seller.

Below, you get to know how Wix Multivendor Marketplace works on both sides (Admin and Seller) with its features.

What benefit do vendors get from the Wix Multivendor Marketplace?

Multivendor stores are different from online stores as it allows a lot to do for sellers or vendors. The benefits that a vendor gets by using your Wix multivendor marketplace are as follows:-

1. They can build their brand using your marketplace.

2. Easily set up the virtual online shop.

3. Grow their base of Customers.

4. Accept all the payments locally or globally.

5. Sell their products on your marketplace.

What can be done using Wix Multivendor Marketplace?

You can easily do the following things listed below:-

1. Admin has accounting access with automatic seller payout.

2. You can add unlimited sellers.

3. The existing products are assigned by the admin to the seller.

4. Add unlimited products.

About Wix Multivendor Marketplace Business Model

Multi-store eCommerce marketplace is getting popular nowadays and the Wix Multivendor marketplace platform is one of them. It is a platform where admins can add sellers to sell products and earn a commission. There are different roles and responsibilities of Admin and Seller. The working and features of both are explained below for your understanding.

How does Wix Multivendor Marketplace work for Sellers?

It is a multi-seller eCommerce platform where sellers can register and sell their products. It helps small business sellers have an eCommerce platform for reaching more audiences without spending large amounts. Here is the working of Wix Multivendor Marketplace for sellers:-

1. First of all, sellers have to register themselves in Wix Multivendor Marketplace.

2. After registration, the app sends this request to the admin for approval. If it's approved, continue to the next step.

3. The seller gets their dashboard for listing and managing their products.

4. The seller listed the products in their product section.

5. After order fulfillment, generate the withdrawal request to the admin.

6. If the admin approves the withdrawal request, the commission automatically deducts, and the rest of the amount credited to the Seller’s or vendor’s account.

What are the features of Seller’s end using Wix Multivendor Marketplace?

Features of the Wix Multivendor marketplace that a seller or vendor got are here:-

1. The sellers get their separate control panels.

2. The orders are shown in their control panel so that they can fulfill them.

3. A seller can easily add the products from the backend.

4. You can generate the withdrawal request on order fulfillment.

How does Wix Multivendor Marketplace work for Admin?

The Admins are the ones who created the Wix Multivendor Marketplace, allow sellers to sell their products, and take commission according to the seller’s plan. Here, you get to know how Wix Multivendor Marketplace works for Admin:-

1. Admin installs the Wix Multivendor Marketplace app

2. Configuration to set up the application done by admin.

3. Create a plan for sellers

4. Admin has to respond to the seller’s registration request, if it is approved then the admin has to proceed with the following steps.

5. After order fulfillment, when the seller requests for withdrawal that is shown as Payout in Admin’s panel then the admin has the right to Accept or Decline the request. 

What are the features of the admin’s end using Wix Multivendor Marketplace?

The list of feature that an admin get for using the Wix multivendor marketplace are as follows:-

1. The admin can access the seller’s profile, orders, and products.

2. Admin can approve the seller’s products and can assign a product to any seller.

3. Sync all the available products from the Wix Store.

4. Admin can create the Sellers whenever required.

5. The admin can change the seller’s status such as Active or Disable.

6. The sellers can be created by the admin on the basis of subscription plans.

7. The admin creates the seller’s plan to get the commission.

8. When the order is completed the admin can generate the payout for the seller.

9. The transactions can be approved or disapproved by the admin.

10. Subscription can be upgraded by Admin/Store owner.

Conclusion

In conclusion, the working process of Wix Multivendor Marketplace is easy from both sides. Admin and seller both have their advantages and functionalities of using this platform. Having the right knowledge about the Wix multivendor marketplace platform is important so that you can understand your roles and responsibilities. Wix has the best Multivendor Marketplace platform that one can use to earn more revenue and can easily maintain the financial transactions between them. 

REF URL: https://lnkd.in/dwB4a8c9