Your Payment Service Provider for Payment Processing and Riskmanagement in e-Commerce.

E-Commerce without Payment Service Provider, is it still viable?

The question should rather be: Under which circumstances is a partnership with a payment service provider really profitable? As long as you are willing and able to manage any aspect of the payment process by yourself, you will neither win nor lose anything. From the moment you want to increase your shop’s conversion rate through a wider choice of payment types for your customers, your administrative workload to handle the financial transactions will double or triple in consequence. And time (in fact yours) is still money!

Payment Service Provider = easier to offer more payment methods = generate more revenue

This is a given fact: The more payment options you offer to your potential customer in the shop, the more likely it is the purchase will come about. Yes, there are exceptions; however a payment service provider has more expertise in, for example, offering the very popular payment type amongst buyers, the payment by invoice. In this case you benefit from a higher protection through risk management with fraud modules and payment guarantee offered by payment providers. “First check it - then pay it” is becoming ever more popular among online shoppers and we as payment provider can realize this plus of conversion for your shop relatively easily. By the way: credit card companies require very high safety standards (PCI DSS), if the payment type credit card shall be introduced. You can avoid this additional effort, since as a payment service provider our payment gateways are already compliant to Payment Card Industry Security Standards.

A good payment provider will be the extra sales engine for your online business: due to its specialization in the processing of payments, you can save the time which you would need to become a successful online merchant. Our references speak for themselves. The Novalnet AG as Payment Service Provider gathers the administrative workflow around “how can I receive the money from the customer quick and safely, while the customer receives the order promptly”; In the meantime you can concentrate on making your shop more popular and generating more revenue. As the effort of integrating additional payment modules in online shops can be quite high, for us as a payment service provider it is of utmost priority to create customer loyalty through excellent service and not through contract duration. In other words: we support you in any case during the installation of our payment modules in your online shop. By the way, currently we support already 35 shop systems (ex: Magento, xtc, Oxid, SEO:commerce and many more). Complete list of all payment gateways.

Payment Service Provider = more safety, more profits, less effort

More revenue however is only one aspect why the cooperation with a payment service provider can be clever, because not always does more revenue equal safe gains. For you as online merchant a new customer comes without records and if you are dealing with a black sheep (ergo: a potential bilk) or not, will only be revealed once maybe the order is already shipped and the direct debit gets cancelled or the “customer” may never get back to you. As payment service provider we will assist you before the purchase procedure with our fraud modules (risk management) and can protect you more effectively from unpleasant surprises in form of payment defaults.

As Payment Service Provider we will help you also to keep track of your payments. Who paid? Who does not? Do have to send customer xy a payment reminder? No, this is done automatically by our system and if necessary our partner companies will handle the automatized debt collection routine – to offer an extra in service for you. Get in touch with us, we would love to be the engine of your e-business as Payment Service Provider!