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- A marketplace is an e-commerce website in which different sellers participate offering their own products or services, while transactions are processed by the operator or owner of said market On-line1. To make it more clear, we will divide this into six steps2:
- The marketplace operator identifies trusted third-party sellers and onboards them.
- Once there are trusted sellers, their products are listed on the platform with relevant information to provide the details of the product.
- Now buyers have access to thousands of products, and they can compare these and choose the suitable item based on their taste.
- Buyers can add the selected item to their cart and proceed to checkout.
- The payment is processed by the marketplace operator, who takes a commission from the seller.
- The seller ships the product to the buyer, and the marketplace operator releases the payment to the seller.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The term Marketplace could be translated as “Market”, that is, it is an e-commerce website in which different sellers participate offering their own products or services, while transactions are processed by the operator or owner of said market On-line.www.artzstudio.com/what-is-a-marketplace/To make it more clear, we will divide this into six steps.
- Firstly, the marketplace operator identifies trusted third-party sellers and onboards them.
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