As e-commerce's rise continues and a growing number of online sellers emerge, it can be hard to know where is the best marketplace and environment on which to grow your business. That's why we've narrowed down the list for you.
It wouldn’t be a list of online marketplaces without including Amazon. One of the most popular websites in the world, Amazon has become a home for many online sellers and continues to attract newcomers to the industry.
While the fees are higher than eBay and some other online platforms, the customer base is larger. This provides the potential to sell to higher volumes of online shoppers and is a major attraction for Amazon sellers.
One of the many alternatives to Amazon marketplace, eBay launched the third-party business model, beginning with the idea of individuals selling used goods and collectibles. However, they’ve come a long way since being the place to go for a pinball machine or a signed Led Zeppelin T-Shirt.
The marketplace has grown to accommodate a large number of eBay sellers looking to explore a popular platform, with lower fees than Amazon thus offering a higher profit margin, even when taking into account the PayPal fees.
This one is just for the fashion retailers. Renowned clothing retailer Zalando has created a partnership programme enabling fashion brands to sell their products on the platform.
Stepping up their partnerships game over the last few years, Zalando has now become the place to be for over 700 brands and online sellers of brands. Being an online seller on Zalando does require fees, however your range of clothing and accessories will now be on show to a vast amount of shoppers. Moreover, with Zalando marketplaces in a number of European countries (UK, France, Germany, Spain, Netherlands, Belgium and Italy), you can launch your fashion business across the Channel.
Designed as an e-commerce website for handmade or vintage items, Etsy has helped many niche online sellers launch or expand their businesses. Whether jewellery, furniture, decorations or accessories, you can be sure to find items you won’t find on the high street.
Opening an Etsy shop can open up your unique goods to a whole new world of customers that you might not have been able to find on Amazon or eBay. Becoming an online seller on Etsy couldn’t be easier, while they have online marketplaces in a wide range of countries including the UK, Germany, Ireland, France, Spain and Italy.
Here’s how we can help:
Global online sellers tend to operate on both Amazon and eBay, both in the UK and on their US and European marketplaces. For those looking to expand their business and for the best online marketplace for sellers, the international platforms of all of these marketplaces can provide a wide customer reach and great revenue potential.
However, this also introduces the challenge of converting earnings in euros and dollars back into pounds, as bank transfer fees can eat into your profits if you’re not careful.
Whether it’s selling internationally on Amazon.com, Amazon.fr Etsy, Rakuten.de, Zalando or eBay, the difference between breaking even and turning a profit in those markets can be acquiring a reliable currency exchange solution for online sellers.
With a moneycorp online seller account, you can use your virtual IBAN to receive payment in euros and your ABA Routing Number to receive a payment in dollars. These funds can then be converted back to pounds with competitive exchange rates and fees typically cheaper than-high street banks.