Frequently asked questions
What defines an online marketplace?
An online marketplace is defined as a digital platform where multiple sellers list their products or services for sale, and buyers can browse, compare, and purchase these offerings.
What platform connects buyers and sellers?
Platforms like eBay, Amazon, and Etsy connect buyers and sellers, allowing them to transact goods and services online.
Is a marketplace a platform?
Yes, a marketplace is a type of platform that facilitates transactions between buyers and sellers, offering a centralized space for commerce.
Benefits
Online marketplaces offer convenience, a wide range of products, competitive pricing, and the ability to reach a broad audience, benefiting both buyers and sellers.