Built with support for Adobe Commerce V2.4.3 and above and also providing support for Adobe Commerce Enterprise version, Omnyfy V4 is the new foundation from which we will continue to build and extend, with capabilities unique to V4 only.

Omnyfy will continue to support clients on V2 and will begin our migration of all V2 marketplaces to V4 in early 2022, we will be communicating with each of our existing marketplace clients about the migration schedule in early 2022.

These are just a small sample of the enhancements that we have delivered in V4. Omnyfy has also addressed a ton of minor bugs and issues that we felt were impeding the quality of our marketplace product to create the most stable version of Omnyfy ever.

The Project Bidding Module with milestones payments functionality is a vital addition to any professional services or procurement marketplace. This powerful add-on module allows marketplace customers to post a project and connect with multiple vendors and specialty contractors that meet their requirements.

The Project Bidding Module is perfect to accommodate any tender process. The module allows customers to post a detailed project brief, find and invite suitable vendors to participate in the bidding. Vendors, on the other side, are able to accept the project and send their proposal, with the scope divided into milestones if necessary. Once both sides get involved in the negotiation process, the module is able to maintain the communication and support all future transactions between the parties.

Such functionality is a must-have module for almost any professional services marketplace. It ensures a great customer experience and enhances the transparency of all communications and transactions. This helps marketplace owner to establish their reputation and build trust within their industry.

The module was first launched with Poligage – a professional services marketplace that helps businesses find and engage with government and commercial policy advisors.

Project Bidding Module Benefits

• Connects project owners with vendors and service providers in the clear and transparent manner
• Allows to manage different parts of the project, involving multiple vendors
• Allows project owner to choose, compare and negotiate with multiple providers at the same time
• Enables millstone-based scope management and payments

Home Delivery Services is one of such solutions. Ensuring high food-safety standards and providing a temperature-controlled, 100% non-contact last-mile delivery service across Australia, HDS offers one of the safes ways to deliver food.

HDS is a perfect delivery partner for marketplaces that sell food products (e.g. South Melbourne Market Direct) that need temperature control and home food delivery marketplaces. Omnyfy has developed a module that enables the marketplace owners with a fully integrated HDS solution. This enables customers to purchase perishable or pre-packaged meals for delivery on specified dates and times and offers Vendors the ability to easily pick-pack and consign their deliveries without leaving the marketplace platform.

Marketplace Owners can also view and manage bookings, Cancel bookings and re-book existing deliveries if the customer requests a new time.

Benefits of the Module

• Refrigerated delivery solution for Australian vendors
• Cost-effective and timely deliveries direct to the customer’s doorstep
• 2 point scanning – full package traceability on HC In/Out
• HDS live tracking
• Additional delivery window options
• Temperature tracking
• Branded tracking and notifications

To ensure your sellers’ journey is seamless, Omnyfy has built in a Fuse module enabling vendors’ Shopify integration.

Connecting the existing vendor’s Shopify Store directly to the marketplace, Fuse enables in-bound sync for Product, Pricing, Inventory, Images, Categories and Product Attributes. Now there is no need to re-publish thousands of products – simply connect your Shopify store, provide the mapping details for Attributes and Categories and sync.

When a new order is placed, the sale and order fulfilment is sent back to the vendor’s Shopify store, allowing for a real-time inventory update. Once orders are packed and dispatched via Omnyfy, the fulfilment status is also updated in Shopify. This creates a smooth vendor experience improving your chances to secure more sellers to join your marketplace platform.

Benefits of the module

• Fast vendor onboarding process
• Seamless order management and fulfilment

• In-bound Sync for Product, Pricing, Inventory, Images, Categories and Product Attributes
• Out-bound Sync of orders

• Real-time inventory and prices update

To provide marketplace operators with easy access to flexible shipping options, Omnyfy has built-in Easyship, the leading cloud shipping solution. Easyship offers seamless and flexible shipping solutions by integrating with a variety of leading international couriers across the globe. 

Easyship is a global shipping technology company providing a comprehensive end-to-end shipping solution that streamlines logistics for all eCommerce businesses.

Easyship was founded in 2015 by 2 veterans of Southeast Asia e-commerce giant Lazada, and a former banker with the mission to enable growth for all businesses. The platform includes more than 250 shipping options from different carriers, including UPS, FedEx and DHL.

Easyship offers pre-negotiated discounted shipping rates, enables the automation of some logistics tasks like calculating tax and duty costs, and assists in preparing the right paperwork for smooth customs clearance and delivery.

Omnyfy marketplace allows the Marketplace Owner or Vendor to use their own Easyship account with a list of preferred couriers so that customers can choose which courier they would like to use. Alternatively, Vendors can elect to charge their buyers with a flat shipping rate, while choosing the courier on behalf of the customer.

Benefits of this module

• Dynamic rates at checkout – compare shipping quotes in real-time
• Fully automated end-to-end solution: choose the right carrier, calculate tax and duty costs, generate labels, schedule pickups, monitor finances
• Flexible shipping options
• World’s biggest courier network
• Advanced analytics – all-in-one dashboard
• Excellent customer experience

Benefits of this module

• Can be combined with Vendor Subscriptions and monetised by providing Galleries as a “premium” entitlement for Vendors on your marketplace
• Vendors can add multiple galleries to their store
• Galleries include a Rich Text Description area as well as unlimited images that are aligned using the Pinterest Style grid layout, to accommodate images of different sizes beautifully.

Rather than explaining the Incoterms and what it means for global marketplaces, here’s an article from Trade.gov which does a great job in explaining the details.

Omnyfy has implemented Incoterms in our RFQ module to support global marketplaces enabling Vendors who respond to RFQ requests to now select the Incoterm relating to the quote, and also to set a fixed shipping price for the quote, which is treated separately to the cost of the products in the quote.

Benefits of this feature

• Vendors can now set a fixed shipping price for the Quote
• Vendors can set the Incoterm specific to their Quote
• Customers view and pay for the shipments as a separate line item
• The Shipping Fee is treated different in Marketplace Commercials Management and can now be transferred to the Vendor or withheld by the Marketplace Owner, depending on who is fulfilling the shipment.
• Enables Marketplace Owners to run marketplaces where they provide fulfilment services to their Vendors.

Over the past couple of months we’ve been hard at work bringing a global marketplace payments solution to Omnyfy. The Stripe marketplace solution combines the following features, enabling us to launch a marketplace in a couple of weeks, without the hassle of lengthy payments registration and gateway provisioning processes.

Stripe Integration Features

Customer payments

Omnyfy’s Stripe integration supports virtually all payment methods also supported by Stripe for your country. Credit Cards, Alipay, WeChat, Apple Pay – whatever Stripe supports in your country, we now support.

Once customer’s make a payment, the funds settle into the Marketplace Owner’s Stripe Balance from which our connection with Stripe Connect then enable payouts to your Vendors.

Payout Management

Omnyfy supports payout directly from our marketplace back-end. You do not need to log in to your Stripe account to make a payout to your Vendors.

Simple go to Pending Payouts, select the Vendor or Vendor’s you want to payout and click on Process Payouts. We take care of the rest. Omnyfy automatically calculates the funds to be disbursed, deducting any applicable fees and commissions to be retained by the Marketplace, and immediately transfers the rest of the funds to your Vendor’s account on Stripe, from where they can then draw it down to their connected bank account.

Vendor Onboarding and KYC

In order to align with global KYC (Know Your Customer) and AML (Anti-Money Laundering) laws, Omnyfy’s Stripe integration also enables marketplace owners to pass-on this critical business administration task to Stripe. Stripe’s sophisticated KYC analysis determines the exact information required from your Vendors in order to allow them to receive payments via the marketplace.

Omnyfy has integrated the KYC and registration process directly into the Vendor Portal, allowing your Vendors to easily register for their connected Stripe account and to add their banking information all in one simple process.

Once Vendor’s have been registered, they are ready to receive payments through Omnyfy’s integrated Payout Management.

Supported Currencies

Please note that you will need to check Stripe carefully to confirm the currencies in which you can settle in for your local bank accounts. Although both Omnyfy and Stripe support hundreds of currencies, there is a distinction between the currency that Stripe can accept vs. the Settlement Currency.

Note that the currency in which you receive funds from Stripe depends on the country in which your business is registered. For example, in Australia, you can only settle in AUD. In Canada, you can settle in both CAD and USD, and in the UK, you can receive funds in multiple currencies.

It’s important to note that you can only have one bank account attached to each Settlement Currency, therefore if you want to maintain multiple currencies, you will need a bank account associated with each.

In all other cases, Stripe will automatically convert the currency into your Settlement Currency (example in Australia, all currencies are converted into AUD.)

A very effective method of capturing and retaining marketplace sales is by offering your customers to create a “Subscription” or a “Recurring Purchase” for products or services that they require at regular intervals or those that require restocking. Subscription models are used extensively for services, but more and more, the subscription business model is being applied to product purchases as well.

Subscription services such as Dollar Shave Club , and Quip allow customers to subscribe and receive regular monthly packs of top-up shaving material or toothbrush heads and paste. Meundies famously transformed the dull-task of purchasing new underwear into a subscription business. There are over 2000 subscription box services which has sprouted review sites such as My Subscription Addiction which are dedicated to reviewing subscription services. This model is now proven in single-brand eCommerce businesses. However as we know, a marketplace is much more than a one-off eCommerce business.

So how do you take this concept and apply it to your next Marketplace idea. Well, you need the ability to do the following:

• As a marketplace owner you need the ability to support recurring purchases for products and services, so that your vendors can create offerings where customers can subscribe and receive regular deliveries of products or services
• The marketplace platform must support the ability for your vendors to customise the subscription or recurring purchase component to their needs and their customers purchase cycles (weekly, fortnightly, monthly or specific intervals)
• The marketplace must be integrated with a payments system that supports vaulted payments so that they stored payment information can be used to process the purchases
• Your vendors need the ability to track subscriptions and view orders placed under a specific subscription
• The marketplace platform must support the ability to monitor purchases, failed billings and suspend subscriptions if the billing attempts fail a certain number of times
• Your customers require the ability to manage their subscriptions and cancel their subscriptions if required
• Customers need to be able to view orders placed under a subscription

Omnyfy Marketplace has done the thinking for you and has developed a fully integrated Recurring Purchase Module that is available as an add-on for the Omnyfy Marketplace Multi-vendor Marketplace Platform. Learn more about this module’s capabilities and be inspired to create a subscription based marketplace.