Marketplace operators face the challenge of payment processing, payouts and accounting. Novalnet’s marketplace solutions help automate workflows and take the hassle out of managing member retailers, mixed carts, vouchers, payments, payouts and invoices, all in a ZAG compliant secure environment.

Novalnet Marketplace
Overview of a typical marketplace and payment processing engine

Marketplace management made easy

Connect your business with Novalnet Marketplace for countless possibilities:

  • Everything is automated – Set up conditions for retail merchants. Our automated process will take care of the rest, including carrying out the payout operations – splitting payments between retail merchants and marketplace operators.
  • Mixed shopping carts – Products from multiple retailers stored in a mixed shopping cart are processed as a single payment transaction.
  • Fraud protection – 60+ modules of security to ensure nothing can break through your Marketplace infrastructure.
  • Sales volume – Increase sales volume with 125+ currencies and 150+ payment methods, and decrease the rate of cancellation by buyers.
  • Easy Setup – It’s easy to add retailers and track their transactions through a convenient dashboard.

How It works?

1. Onboarding users

Onboard users by verifying their identity and doing real-time KYC checks

2. Accept payments

Accept payments from customers, and it is all done in the most optimized manner for efficiency and ROI.

3. Payout users

The platform splits the payments between vendors and marketplace operator, and the money is transferred to their respective accounts.

4. Manage the platform

Get to know every detail about the financial transactions of your vendors. Add and activate retailers and keep track of their transactions in a user-friendly dashboard. Process returns quickly regardless of part or full order cancellations even from multiple retailers in a single order. Manage cancellations using our APIs or simply using our admin dashboard.

Marketplace solution that promises better payment conversions

We’ve put in the best for your business. The payments are set up for customer satisfaction, so they face no issues while making payment for their purchases. As a result, customers tend to buy more without the frustration of complicated payment procedures. The Payment process truly engineered for the growth of your business.

 

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