Top 10 Magento Multi Vendor Marketplace Extensions in 2023

While many companies use Magento for their online storefronts solely to sell their own products, these bespoke platforms aren’t the true commerce kings of the internet. According to statistics, the real popularity and profit belong to multi-vendor (MV) marketplaces like Amazon, Etsy, and eBay.

By platforming hundreds of vendors on one website, you’re creating a Magento marketplace system where you are in charge. It opens up your marketplace to a vast audience and, of course, allows you to form a greater influence and make a substantial profit.

However, there are quite a few different extensions one can use to launch a Magento 2 marketplace. They all have pros and cons and, depending on your goals, can be a good match. To help you pick the right development team and extension, GetTrusted has polled its partner Ecommerce Magento development agency with years of experience in the market. Relying on our globe-spanning network, we’re taking into account regional market differences and vendor preferences. This is the kind of insight you can only get when working with hand-picked agencies specializing in this niche, as GetTrusted does. Furthermore, you also have the option to select the best Magento consultant to gain a broader perspective, in case if you already have an existing Magento Marketplace.

Read on and see an expert opinion on what the best Magento marketplace extension is right now.

Benefits of a Multi-Vendor Magento System

First, we will lay out the general benefits of a multi-vendor setup:

• Wider audience
• More traffic
• Higher revenue
• Less management
• Brand recognition

You can get these core five improvements just by choosing a Magento 2 marketplace extension. We’ll take a closer look at each to illustrate how it’s achieved and why it’s crucial.

Wider Audience Reach

This is a pretty self-explanatory benefit for any marketplace. The more people see your marketplace, the more purchases will be made, the more word-of-mouth spreads, etc. An MV system facilitates this by having hundreds of vendors involved, each with their own built-in audience. Right away, this makes more potential clients aware of your platform.

More Traffic

As a direct result of reaching a wider audience, your Magento 2 marketplace will receive extra traffic. That is essential for two reasons: the potential for better ad revenue and higher placement in search engine rankings. The first is clear — if you choose to serve ads on your platform, more traffic means more views, which can be leveraged for higher pricing.

The second is an interesting system. By having more visitors on your website, you get better results with search engine algorithms. That, in turn, brings even more traffic, creating a self-sustaining loop. Basically, a small success creates a bigger one when given time and quality. That’s the formula GetTrusted relies on, providing a time-tested team to do the work for you. Our quality portfolios and escrow protection guarantee a successful launch.

Higher Revenue

Well, there’s no benefit more evident than this one. Extra clients purchasing products in your store means more money. What’s important here is that a multi-vendor Magento system will always result in better finances than a single-user storefront. You have a wider range of goods to sell and less overhead, as the vendors carry the brunt of the costs.

Less Management

When you have a personal online store, you must manage inventory, site load, and performance, track metrics, update your offerings, and handle things such as sales and discounts. That is a lot, and a good chunk of it will simply stop being your problem with a Magento multivendor marketplace.

You’d be delegating inventory matters and general store management to each particular vendor. Thanks to Magento’s straightforward approach to online ecommerce, they should also have a simpler time managing their stores. Many minute tasks get automated, and time is saved on all sides.

Brand Recognition

When we said Amazon at the start of the article, you didn’t pause, right? You didn’t have to think, “Where have I heard that?” or “Did they mean this Amazon?”. That is the power of brand recognition — being so ubiquitous that everyone recognizes your brand with the bare minimum of context. Such fame is usually reserved for select trademarks, and most online stores certainly don’t fit the bill.

However, you’re baking numerous brands into your platform by opting for a multi-vendor marketplace. That, in turn, means that when a buyer wants a particular product, they’ll think of your store. In time, certain things simply become synonymous with your brand, all thanks to using a Magento2 marketplace.

10 Best Magento Marketplace Multi Vendor Extensions

We’ll list ten of the most popular extensions, traditionally used to set up an MV system. While the choice is up to you, we want to lay out the benefits of each to help you make the decision. Here’s the list, in no particular order:

1. Cedcommerce

This is one of the most popular extensions out there in the medium price range. One of its biggest advantages is that the whole marketplace being adapted to mobile devices. This is a huge benefit, as mobile commerce makes up nearly 10% of the market, with more growth projected.

Cedcommerce’s extension also has courier integration, though mostly beneficial in North America: UPS and FedEx. This makes the integration of Aramex, a UAE-based service, a little strange, as it targets very different customer bases. Another great benefit, though, is built-in support for payment methods like PayPal and Stripe.

2. RocketBazaar by Magedelight

This solution is an excellent choice if you want to drum up business by making your marketplace lucrative to vendors. They get a truly robust control panel here, which makes inventory and order management easier and provides valuable stats. As for your side, you’ll have clean tax and commission management, to keep financial stuff easy.

RB also uses REST API, which means it’s very scalable, setting you up for future success. Other extensions may offer different kinds of flexibility. In short, this one really takes advantage of the Magento 2 marketplace features.

3. Bigziel

The significant advantage of this one is the speedy initial setup. But make no mistake, once you’ve installed the module, there are dozens of workable features here, so it’s got depth to it. One other thing we really like here is the ability to manage the platform via a mobile app, meaning quick adjustments can be done on the go.

One last bit that we must mention is the easy commission management. You can decide whether to lower or raise commissions for specific categories of vendors, thereby giving incentives to newbies to stick around.

4. Landofcoder

This module has all the standard goods: 

• Flexible vendor displays
• Clean notification options
• Type-based product system for easier navigation
• Vendor grouping

One feature we particularly enjoy is the built-in support for multiple currencies and complex shipping and checkout calculations. It results in a Magento marketplace that’s viable for many countries and can work with different courier services.

We wouldn’t classify this as one of the more exciting choices, but it does come with an appealing price tag. A well-rounded and reasonable option for those looking to do business, especially in Asia.

5. Magebay

Those who seek a deal should pay attention here, as Magebay offers a buy-to-own price instead of a subscription model. It’s a reasonable price, too. But what features does this solution have to offer? The 100% customizable source code is nice if you’re working with a vendor from GetTrusted. They’ll easily be able to tinker with this extension and tune it to your needs.

For your customers, one thing that may be helpful is in-system messaging. It helps them contact a seller with any questions without resorting to emails. Besides, it also keeps them on the platform, meaning they’re more likely to do further business.

Otherwise, it’s all the standard goodies as far as Magento marketplace extensions go: flexible notification system, integration with varied payment and shipping methods, and quick setup. Definitely, one to watch out for.

6. Vnecoms

Here, we must single out the commission management. It’s not only flexible, which most modules offer, but is done very intuitively. Great job on the UI, both user-facing and internal. Outside of that, all Magento product types are supported, several payment methods are available, etc.

A really cool bit here is the escrow service, which protects your customers from scams and boosting your marketplace’s reputation. We always appreciate a good escrow, seeing as we offer it ourselves when dealing with vendors. This extension’s money management features get a big plus from us in general.

7. Webkul

Alright, this one should help you draw in vendors because it lets you create custom email templates. Yup, easy mailing lists, inviting customers with coupon codes and sales. A really nice touch, helps retain buyers in the long run.

We aren’t fully in love with the design here, but Webkul makes up for it with a solid feature set. Support for UPS and DHL opens you up to two huge markets in the form of North America and Europe. A handy mobile app makes admin work easier, available both on Android and iOS. All the standard things are packed in here with just a little bit extra on top.

8. Magenest

Magenest managed to outdo most competitors in storefront design. It looks simple and clean but not cheap at all. This is curious because the extension’s pricing is actually one of the most affordable.

It’s also another good choice to please vendors – Magenest’s module lets vendors leave their own feedback. This can be crucial to please the people you’re getting commission from. At least, that’s what our partnered agencies tell us. We personally wouldn’t know because we don’t take any commission.

9. Magetop

Magetop instantly won us over thanks to its 100% open-source code, which is great for customization. But they just kept sweetening the deal with things like:

• Offline transaction support
• Multi-currency payments
• Simultaneous checkout from multiple vendors
• Bulk product import

The last point there is vital if you want to lure vendors over from your competition. Making their landing soft is a great first step, and importing tons of product listings through a CSV file is easy as pie. Besides, product management is super-streamlined here, too. A vendor’s dream.

10. Purpletreesoftware

This is a pretty globally-minded extension, thanks to support for 13 languages. It also supports product imports, though the system isn’t as smooth as Magetop’s. Still, it should leave vendors happy with a sleek control panel and easy product management. If you’re planning to make your Magento marketplace multi vendor – it’s best to aim for easy management tools.

We’re not fully on board with the default theme offered by Purpletreesoftware’s module, but that can be customized if you have outside help. What we do love is the plentiful data on commissions and sales. Having those stats handy is great.

Conclusion

As you can see, there are plenty of choices when creating a Magento 2 marketplace, which ordinarily would mean a lot of risks too. It’s better to find a vendor that knows the intricacies of different extensions and can find the one that matches your particular needs. With the help of GetTrusted, you can put the work into the hands of professionals, eliminating risks and guaranteeing quality.

We will connect you to the top-3 teams within your budget and help you choose the best one with an in-depth interview call. Quality assurance and management can also be taken care of by us, guaranteeing that your employees will be free to focus on other core tasks. All of this is our standard approach, mixing security, quality, and reliability. Contact us today to get started.

FAQ

Here are short answers to some common questions people ask when hearing about a Magento multi vendor marketplace.

Is Magento a Marketplace Platform?

Yes, Magento is an open-source e-commerce platform owned by Adobe. It’s one of the most popular choices for online stores and one of the most flexible. A well-made Magento marketplace means a really sprawling admin panel with simple controls.

In fact, the most popular marketplaces in the world all support Magento integration, such as Amazon and Etsy. As for brand-specific platforms, we wouldn’t even be able to count, as the number gets pretty high, from mom-and-pop stores to pretty renowned brands.

What is Multi Vendor in Magento?

Multi-vendor means a marketplace where multiple sellers can list their products like an actual, real-life market. Vendors can connect easily through extensions designed to streamline their experience.

How Do I Create a Multi Vendor Marketplace?

You can recruit an outsourcing vendor with the help of GetTrusted, putting all the work into the hands of professionals. You only need to contact us and choose one of the top 3 Magento developers to create your multi-vendor dream. We’ll help you pick the best extension, install and maintain the system, all with guarantees of security and quality.