Advantages of online marketplaces for your business

Ecommerce sales worldwide went over $3.5 trillion in the year 2019 which was a growth of nearly 18% from that of 2018.By 2021 sales in eCommerce are expected to rise further up and double, reaching more than $6.5 trillion. Ecommerce all over the world is growing at a rapid rate giving all the more reason to budding entrepreneurs to venture into the field with their unique startup ideas for marketplaces.

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The future of e-commerce will continue to be shaped by your customers. Audiences continue to demand more and want to be able to shop whenever they want and wherever they want across each device that they have access to without friction.

Over 55% of businesses that sell online achieve a profit margin of more than 20%. It’s not just the increased reach and sales that help businesses become more profitable when they sell online.

With an online marketplace, you don’t have to worry about investing in a physical store yourself. You can partner with reliable vendors who will supply you with the products when needed and avoid paying large sums of money to maintain your inventory.

Our solutions let you accept payments online and offline. With 24 payment methods, your customers can choose to pay with e-money, credit/debit cards, direct debit to in-store cash payments. By offering a wide range of payment methods, you enable your business to accept any payment mode your customers prefer.

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