Companies that are involved in online commerce have the opportunity to benefit from the payment processing services provided by Novalnet, which is both a payment institution and a provider of payment services located in Europe. These companies have the potential to make money from the services offered by Novalnet. When utilizing these services, the processing of payments may take place either electronically or directly at the point of sale. The platform is designed to automate a merchant’s business activities along the full e-commerce value chain, beginning with the checkout process and continuing to debt collection. This automation will begin at the beginning of the value chain and proceed to the finish. This encompasses the entire procedure in its entirety, beginning to end.
Payment system
Companies can integrate payment processing into applications that already exist or are in the process of being developed. These applications include inventory control, online stores, marketplaces, content management systems (CMS), customer relationship management (CRM), and enterprise resource planning (ERP). This is made possible by the platform (WAWI). By connecting their business models using APIs, iFrames, SDKs, and WebView, several systems can be linked together to produce a data flow that operates in real time. The processing of individual payments, the prevention of fraud, and the provision of other payment-related services are all made possible as a result of this.
History
In 2007, Gabriel Dixon founded the company known as Novalnet. The international corporate network is comprised of a workforce of approximately two hundred individuals who are employed by Novalnet AG (Headquarter) in Germany, Novalnet Ltd. in the United Kingdom, Novalnet Payment Corp. in the United States, and Novalnet E-Solutions Pvt. Ltd. in India respectively. Gabriel Dixon, who also serves as the company’s CEO and board chairman, is in charge of the organization, which does not depend on receiving funds from any external sources. The word “new” in Portuguese is “nova,” and the name “Novalnet” comes from that term. The name is a reference to the organization’s potential to remain inventive and up-to-date in the payments business, which is rapidly changing.
Features of Novalnet
The distinctive capabilities provided include:
16 Value-added services under a single contract
Everything you need to take payments for your company, including processing payments, issuing payouts, monitoring fraud, and subscriptions, is included in a single contract. The platform used to handle transactions is completely PCI DSS Level 1 certified.
Acceptance in 150+ countries and territories
With 150+ automatic country-specific payment mechanisms, accept payments worldwide. Numerous features that are provided by Novalnet’s payment solutions save you time so you can concentrate on expanding your company.
Fraud prevention using AI
Using dynamic real-time rules, machine learning, and biometrics, Novalnet’s AI-powered risk management strikes the proper mix between fraud prevention and conversion optimization.
Simplified purchasing process
Integrate a completely secure payment page with ease into your checkout process to provide your customers with a smooth shopping experience with a variety of rich features, such as smart payment choices, one-click purchases, cross-shop payments, etc.
Multi-currency payouts and extensive reporting
Utilize the end-to-end analytics and reporting engine to keep track of every transaction, analyze patterns, and connect with your accounting software.
Payments for unified commerce to expand your business
Through unified payments, Novalnet’s payment platform connects all of your company channels, including eCommerce, mCommerce, marketplaces, stores, order fulfillment, CRM, ERP, finance & accounting, and much more.
Payment selection by country
By giving your customers the preferred payment methods, you may increase sales and efficiently penetrate new markets. Gain acceptance and conversion with over 150 different payment methods throughout the globe and easy payment communication.
Secure escrow accounts & assurance of payment
All payments are handled by Novalnet through separate escrow accounts, which eliminates any risks connected with things like insolvency and guarantees definite repayments.
Adaptive taxation
With support from more than 30 countries, have your taxes applied appropriately throughout the whole purchasing process, including price display and checkout. Based on your goods, the location of the consumer, and other factors, country-specific taxes are computed.
Management of the marketplace & affiliates
If payment rules and schedules are initially defined, marketplaces or affiliate organizations can immediately begin processing payments for multiple sellers and shopping carts and automating the distribution of split payments to both participating merchants and the owner of the marketplace.
