Making sure to keep your wallet safe
Protecting Yourself, Your Vendors, and Your Profit Margins
In addition to that being able to set up a marketplace, the features and the capability to have insurance for shipment and logistics, proper taxation and customs and duties for the shipments will help protect your business from the possible mishaps post transaction. Nobody wants to hear that their package was dropped during shipment and breaking the content. Neither do you!
Being able to provide multiple methods of payments on orders opens the door to a wider audience.The methods available depend on the type marketplace you engage within. The payment itself is a key component asit might impact the margin for your business. This will not only affect your profits margin, but also the margin for the vendors that are selling on the marketplace.
Not only do you want to consider the transaction payments, such as an invoice or paying in advance, but also the ability to remedy complaints about deliveries, product quality, etc. These components can integrate with the vendors internal systems, allowing them to have more control of their business models. As a marketplace owner you can easily enable and control the types of integrations that to utilize.