This paper addresses the issue of benefit realisation from e-marketplaces and examines whether there are significant differences in benefit recognition according to the type of e-marketplace used. An empirical study of two marketplaces and one buying organisation is used to analyse how the realisation of benefits may vary according to different e-marketplace models. A comparison is made between an intermediary and a consortium marketplace before the benefits achieved by the buying organisation are discussed. The study found that although there were distinct differences between the e-marketplaces, many benefits are achievable from both. Benefit realisation was influenced more by the buyer’s procurement strategies than by the features offered.