Novalnet’s automated solutions enable marketplace operators to manage payment transactions smoothly in a ZAG-compliant payment processing environment.
The system includes processing of mixed shopping carts, activation of new payment methods, quick integration with retailers, voucher management, among a host of other features.
Merchants using Novalnet’s marketplace solutions do not require a separate payment institution license, as it is covered under Novalnet’s own licenses.
End-customers can order items from multiple product partners in a mixed shopping cart, and complete the order in a single payment transaction.
Payments are processed in full compliance with German Central Payment Act (ZAG), and pre-defined amounts are paid out automatically to the partners as well as the marketplace operator.
The Affiliate Management System fully automates the payment of commissions and revenue shares to sales partners (affiliates).
Features include:
- ZAG-compliant and PCI-DSS-certified
- Simple handling of mixed shopping carts
- Automated commission settlement to the affiliates
- Multiple commission models
- Online contract portal for easy registration of new merchants
- Paperless onboarding of new partners through video identification