Glossary of Terms

What is a Marketplace Platform?

Marketplace Platform Definition

A marketplace platform is the technology behind a marketplace. It's a software solution that enables you to create, manage, and facilitate transactions on your marketplace. With a marketplace platform, you can set up registration processes, handle payments, manage product listings and shipping, and more — all from one central location. The alternatives to a marketplace platform include building the technology from the ground up or piecing together mismatched solutions. Marketplace platforms make the technology behind marketplaces more acessible, so operators can focus less on the undifferntiated back-end, and more on creating a unique buying experience.

marketplace platform definition

Related terms

An order management system (OMS) is a software application that allows you to automate and streamline your order processing.
The payment orchestration layer is a technological layer that helps manage the complex and varied processes involved in moving money from one place to another.
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The Ultimate Guide to Multi-Vendor Marketplace Platforms

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