E-commerce is the fastest growing retail market in Asia, Europe, Americas, and around the world. An online e-commerce marketplace is a type of e-commerce website where products or services are provided by multiple third parties – stores or vendors, whereas transactions are processed by the marketplace administrator. Online marketplaces are the primary type of multichannel ecommerce.In an ecommerce marketplace, customer transactions are processed by the marketplace operator and then are delivered and fulfilled by the retailers or wholesalers.