Consumers prefer not to use a single retailer's app. In search of a wide range of products, they turn to marketplace sites. 

What is a marketplace?

Marketplaceis an e-commerce site that brings sellers together with buyers. The website owner manages all transactions. Companies use marketplaces to reach customers who want to buy their products and services. Marketplace examples include Amazon, eBay and Craigslist.

Marketplace History?

Marketplaces, eBay and has been around since 1995, when Craigslist was founded. Nowadays Amazon , Etsy , Alibaba and bol.com There are examples such as Trendyol and N11 in our country, as well as well-known examples such as Trendyol and N11.

What are the Benefits of a Marketplace?

Marketplace the biggest advantages and reasons why many businesses sell through marketplaces:

• It is an additional source of income.
• Reduces marketing costs.
• It allows companies to transfer their business to the global environment.
• Availability creates transparency on stock levels and prices.
• It is a great way for customers to compare prices.
• It enables your company to work 24/7.
• Builds trust between your brand and your customers.
• Customers are more likely to buy from marketplaces with a wide range of options.
• Businesses need to pay a fee/percentage of sales to the marketplace platform.

Do Marketplaces Have a Future?

Today, markets are growing at a very fast pace. Analysts say that markets around the world % 40% of the global marketplace share in 2020 to create a new world.

Your business marketplace the future of success lies in focusing on your niche marketplaces to provide an excellent customer experience to all customers who come through your organization.

Marketplace Setup

The first thing you need to create a multi-vendor store is a solid web hosting provider for your website. Ideally, having a host designed with e-commerce businesses in mind will give you a good foundation. 

Once you have decided on a hosting provider, you need to purchase a domain name and install the WordPress CMS on it. Once WordPress is installed, the last step is WooCommerceon your website.

Now that you have the basic infrastructure in place, it's time to choose a WordPress multi-vendor plugin to power your marketplace. We recommend Dokan. You will need an e-commerce theme that suits your business.

Create Your Marketplace with Dokan!

Dokan store owners need to have a complete platform, similar to Amazon and eBay. marketplace is a WordPress multi-vendor plugin that allows WordPress users to set up a multi-vendor site. It is powered by WooCommerce, which means you can allow vendors to sell digital, physical and variable products.

You can allow an unlimited number of resellers to register and sell products, and resellers can sell an unlimited number of products through their stores. You can earn through reseller commissions. Dokan gives administrators the option to create subscription packages, upload products, set product limits and charge for time.

Main features:

• It offers a practical user interface.
• Vendors have a control panel.
• Only the administrator can access the admin panel of a multi-vendor store.
• It gives administrators full control over product release, vendor registration and subscription renewals.

Dokan, WordPress Plugin is available for free download. The plugin is also available in a premium version that brings together advanced features such as social account sign-in, reports, vendor verification and subscriptions. Dokan Pro Available. 

How will you receive payments?

You've done everything. The document is ready, sellers are eager to sell on your site. How will sellers get paid? How will you get the commissions? 

iyzico wooCommerce Get Paid with Marketplace

For your E-Commerce site that works with the marketplace model using WooCommerce and Dokan, WCVendor, Product Vendors, WCFM (WC Lovers) systems, you can use iyzico to receive payments through iyzico, create vendors, and perform cart fee distributions according to your specified commission amount. IyziBazaar+ many more advanced features, it allows you to save time in your processes and make error-free transactions.

The most advanced payment plugin for your E-Commerce site with WooCommerce infrastructure that works with the marketplace model.

Features of iyziBazaar+ WordPress Marketplace Plugin

• You can receive payments from merchants using WooCommerce Dokan, WCVendor, Product Vendors, WCFM (WC Lovers) and iyzico.
• You can work with different apis according to Test and Production distinctions. You can try your transactions with test apis and get Iyzico approvals.
• You can disable the installment features in the cart by selecting the categories that you do not want to make installments.
• Vendor You can perform iyzico sub-customer (Merchant, seller for marketplace) creation update operations for users with the role of iyzico.
• You can design and use a custom form to create a vendor.
• Dokan, WCVendor, Product Vendors, WCFM (WC Lovers) are processed with commission calculations.
• Depending on the type of marketplace plugin, the process of confirming the order can be left to the administrator or the marketplace owner.