Marketplace app development company

Q: What are the most significant tech challenges online marketplace developers deal with?

Here are some of them: Scaling. The more people use a marketplace, the more tech issues developers have to solve. Security. Marketplace developers have to deal with building and maintaining a secure system. They have to implement a reliable authentication and authorization for both sellers and buyers. Payments. There are a lot of nuances here. Developers should be able to implement payments with credit or debit cards, mobile payments, and e-wallets. It’s also often the case that marketplaces require multi-currency payment support and implementation of cross-border transactions.

Do you have previous experience in developing marketplaces?

Yes. Our team has been developing marketplaces of all kinds including B2C, B2B, and C2C. Here are some of them: TrainAway, AYIO, LetsSurf, The Match Player, MoveUp. You may check our portfolio for more details or contact our managers to learn more about the specific expertise you’re interested in.

How do I create an online marketplace?

First off, analyze your market (B2B, B2C, C2C) and define your competitors. With that information, you can draw up an approximate feature list for your marketplace.

The next step would be hiring in-house developers or an agency like Cleveroad to build your product. The following steps are more or less the same in both cases:

Business analysis to validate features and get ready for development.
UI/UX design to get a prototype that developers could work with.
Web/mobile development.
Quality Assurance to make sure there are no critical bugs and the product works fine.

What is marketplace development?

It’s a process of developing a website or mobile app where different third parties can sell and buy products or services. Amazon, eBay, Etsy, Walmart, Newegg are all marketplaces.

Marketplace development includes:

UI/UX design of the product
Web or mobile app development
Admin panel development for managing the marketplace

What are the most significant tech challenges online marketplace developers deal with?

Here are some of them:

Scaling. The more people use a marketplace, the more tech issues developers have to solve.
Security. Marketplace developers have to deal with building and maintaining a secure system. They have to implement a reliable authentication and authorization for both sellers and buyers.
Payments. There are a lot of nuances here. Developers should be able to implement payments with credit or debit cards, mobile payments, and e-wallets. It’s also often the case that marketplaces require multi-currency payment support and implementation of cross-border transactions.

How can I choose a marketplace development model?

You should consult with an in-house tech specialist or a software development company to get answer to that question. Contact us to get a free tech consultation with our specialists.

What are some things to keep in mind when building an online marketplace?

Here are some things you should consider:

Define the type of your marketplace by participants (B2B, B2C, C2C) and products (goods marketplace, service marketplace).
Determine the monetization model that fits your marketplace (subscription fee, transaction fee, listing fees, ads).
Capitalize on SEO from the beginning.
Make sure UI/UX design is easy-to-use.
Add all payment methods your target audience is using (credit/debit card, PayPal, Apple Pay, Google Pay, and others).

Marketplace Development Services

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