A marketplace system is a digital platform that brings together many sellers and buyers in one place to conduct online transactions.
In a marketplace, the platform only acts as an intermediary, while products or services are sold by different sellers.
How a Marketplace System Works
A marketplace system usually has three main parties:
Admin / Platform Manager
Manages the system, verifies sellers, arranges payments, and maintains transaction security.
Seller
Sellers can open stores, upload products, set prices, and receive orders.
Buyer
Buyers can search for products, compare prices, make payments, and leave reviews.
