Have you heard about the Prestashop marketplace module by Knowband? In fact, have you ever considered transforming your store into a marketplace? Well, when you do that, you are opening up the opportunities of increasing your sales and revenues. Moreover, reducing the burden of selling and handling a single-vendor store by yourself. Yet, when you invest in the Prestashop marketplace addon, you can handle various sellers and earn from that.



The Prestashop marketplace plugin by Knowband allows you to convert your store into a functional marketplace. Furthermore, you can choose the kind of sellers you want to handle. Moreover, what they sell on your platform, how much commission you charge, and so much more. Thus, the plugin is a handful of opportunities for your eCommerce business.

In this blog, let us take a look at the key benefits of choosing the Prestashop Multi vendor Marketplace Module. Must we look at them?

The perks of Prestashop Marketplace Module by Knowband

Converting a single vendor store to a multi-vendor framework is simple
The convenience with which the site alters to be a platform is the first benefit of the Prestashop Multi-seller Marketplace module. Furthermore, the administrator may easily update the organization from one to several sellers. In actuality, the procedure is rather straightforward. Begin by purchasing the Prestashop Multi-vendor Marketplace Plugin from Knowband. Second, download all the backend files. As a result, turn on the Prestashop Multi vendor Marketplace Module.

Handling commissions is simple



On the platforms, the administrator is the only one who matters. As a result, he is in complete control of the situation. To begin, calculate how much commission each order will cost you. The commission can be set at a fixed amount or based on a percentage. In reality, each seller's responsibility is to pay the commission to the administrator.

Subscription schemes are being used to enhance income.
The administrator of Prestashop Marketplace Addon can create membership plans. Here's a simple explanation for people who don't know what this is. Vendors pay for membership or subscription programs when they choose a way of selling their items. As a consequence, the administrator can develop a variety of vendor membership programs. Vendors can also pick any program and begin trading straight immediately.

It's simple to manage requests for payouts



Payment claims from vendors are extremely important to the administrator. When a user makes a purchase, the funds are immediately sent to the administrator. In addition, the operator gets paid a share of the commission as well as additional compensation. It also distributes the remaining funds to the vendor. As a result, he has the option of doing the procedure manually or digitally.

Managing and monitoring every activity is at your fingertips



Nothing can pass under your nose without your approval or notice when it comes to the Knowband marketplace. Whether it is an order that a seller gets or a rating/review that your store gets. Moreover, every product or category request comes to the admin for approval. Further, the admin has to approve the shipping methods as well. Therefore, with the help of functional email functionality, everything comes to the admin. In addition, he can handle and manage everything.

Conclusion

Thus, these are the reasons I think that makes the Prestashop marketplace module popular. What do you think? Would you like to invest in the module? Let us know your thoughts at support@knowband.com.