What is Magento multi vendor ? . What is the main function ?

[magebaytn]

Our Magento marketplace extension helps web site house owners convert their existing site to an ideal market. This module allows site owners to allow sellers to sell their merchandise via their website. After approval from the location proprietor, Sellers can add merchandise and handle order processing on their very own.
OUR MAGENTO MARKETPLACE OFFERS

• A special and attractive design for the seller portal to handle the product catalog, stock, orders, invoices, manifest, and payments.
• A simplified Magento interface for store homeowners to handle sellers, vendor inventory, vendor merchandise, orders, commissions, and payouts.
• The opportunity to delight your customers with more merchandise, options and within the course of additionally earn revenue via Vendor commissions.
• The chance to transform your web site from a simple retailer to an internet shopping mall utilizing our extension.
• Suitable with different modules corresponding to BKP ( Booking System Professional ), PDC (Product Designer Canvas)
  

5 TYPES OF FIXED/PERCENTAGE BASED COMMISSION
Our module allows 5 several types of fee settings which may be configured for a vendor within the Market. Within the hierarchy ranges, Product, Seller, Category, Customer Group and Product Sort commissions will be arrange for every seller and will probably be captured during Vendor Payout for every order placed by the Market. Commissions might be either fastened or proportion based.
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SELLER & SELLER UPDATES APPROVAL SYSTEM FOR STORE OWNER
Control the Vendor and Seller Updates as the store proprietor. Approve/Disapprove sellers from becoming a member of the Market. Accept/Reject their Products to your Marketplace. Also Manage Seller’s Ratings and their Configurable Product choices.
CONTROL WHAT YOU WANT TO CONTROL
As a store proprietor, choose what you want to Management. At one click on, update settings for default vendor registration approvals, product request approvals, and vacation Mode Options.
PRICE COMPARISON IN PRODUCT PAGE
On the Product Page, view all sellers of the same product. Give Prospects the choice to select from the list of sellers by comparing the sellers’ costs and their ratings.
 
SHOPPING CART – GROUP BY SELLER
In the case of multiple seller gadgets, enable prospects to view objects grouped by their respective sellers. Leverage our Module Capabilities and provide a more intuitive procuring expertise
SEPARATE SELLER INTERFACE
Provide a sleek interface for your sellers to handle their Profile, Settings, Products, Orders, and Funds. Enable sellers to deal with invoicing, dispatching and manifest orders comfortable. Sellers can view pending and paid transactions from retailer end as effectively.
SIMPLE AND CONFIGURABLE PRODUCT TYPES
Upgrade your web site to handle both Simple and Configurable product sorts. Present the option to sellers so as to add Merchandise of both types, thereby providing Prospects extra choices for his buy by means of our Marketplace.
VENDOR VACATION MODE
Sellers can choose, for a particular timeline, to be on Trip mode the place they will not be listed for any product under their belt. Quick rollback occurs after the timeline elapses. After all, the admin shall be alerted on such a move.
>>> View extra doc for Magento marketplace :

• https://www.magebay.com/forum/how-to-build-marketplace-website-like-amazon-with-magento-2/
     
• https://www.magebay.com/forum/top-best-magento-multi-vendor-marketplace/