Ecommerce(short form of electronic commerce) stands for the process where goods and services are bought and sold using the internet. To complete the transactions money is transferred online( using credit card, debit card, net banking etc.) or offline(COD).
The multi-vendor(seller) model of ecommerce is a setup where multiple vendors of similar or diverse products come on a common storefront to sell their products or services. They are managed by a common admin who takes care of the complete technical setup. The vendors manage the inventory and pay a fixed or floating commission to the admin on each sale. This ecommerce setup is also known as an online marketplace.
Multilingual Ecommerce is the practice of doing online business through a website that is in multiple languages. The website can have different languages for all its pages and flows or it may use multiple languages for selected pages and flows. This type of ecommerce arrangement is especially beneficial for reaching the global markets where customers speak different languages. It can also be very useful for connecting with domestic buyers in countries that have diverse languages.