Introduction
Novalnet AG is a German payment service provider (PSP) that was founded in 2007. The company offers a wide range of payment solutions that can be tailored to suit the needs of individual businesses. Today, Novalnet is a leading player in the online payment space, with a strong focus on making the payment process seamless for both merchants and customers.
Key Features
Novalnet’s payment platform is built on cutting-edge technology that allows for fast and secure payment processing. The key features of the platform include:
- Multi-currency support: Novalnet can process payments in over 100 currencies, making it a great option for businesses that operate globally.
- Fraud prevention: Novalnet uses a range of fraud prevention measures, including 3D Secure and risk management tools, to ensure that transactions are secure.
- Payment guarantee: Novalnet guarantees payment to merchants, which means that they don’t have to worry about chargebacks or fraud.
- Payment methods: Novalnet supports a wide range of payment methods, including credit cards, PayPal, SEPA direct debit, and more.
Benefits for Merchants
Novalnet offers a number of benefits for merchants, including:
- Improved cash flow: Novalnet’s payment guarantee ensures that merchants receive their money quickly and without any issues.
- Increased conversions: Novalnet’s fast and easy payment process can help increase conversions and reduce cart abandonment rates.
- Lower costs: Novalnet’s fees are competitive, which can help merchants save money on payment processing.
- Customizable solutions: Novalnet can tailor its payment solutions to suit the needs of individual businesses, which means that merchants can get the exact payment setup they need.
Payment Methods
Novalnet supports a wide range of payment methods, including:
- Credit cards: Visa, Mastercard, American Express, and more.
- PayPal: One of the most popular online payment methods in the world.
- SEPA direct debit: A popular payment method in Europe that allows customers to pay directly from their bank account.
- Invoice: Customers can be invoiced and pay later.
- Prepayment: Customers can pay in advance via bank transfer.
- Cash on delivery: Customers can pay when they receive the goods.
Security Features
Novalnet takes security very seriously and uses a range of measures to ensure that transactions are safe and secure. Some of the security features include:
- PCI DSS compliance: Novalnet is fully PCI DSS compliant, which means that it meets the highest standards for data security.
- 3D Secure: Novalnet uses 3D Secure to authenticate transactions and reduce the risk of fraud.
- Risk management: Novalnet uses risk management tools to detect and prevent fraud.
Merchant Support
Novalnet offers comprehensive support for merchants, including:
- 24/7 support: Merchants can access support at any time of day or night.
- Technical support: Novalnet provides technical support to ensure that the payment process is smooth and trouble-free.
- Account management: Novalnet provides account management support to ensure that merchants are getting the most out of their payment setup.
Integration
Novalnet’s payment platform can be integrated into a range of e-commerce platforms, including:
- WooCommerce
- Magento
- Shopify
- PrestaShop
- OpenCart
- And more
Reputation
Novalnet has a strong reputation in the payment space, with a high level of customer satisfaction. The company has been recognized with a number of awards, including the “Best Payment Provider” award at the 2019 E-commerce Germany Awards.
Scalability
Novalnet’s payment platform is highly scalable, which means that businesses of all sizes can benefit from its services. Whether a business is just starting out or has been around for years, Novalnet can help to streamline the payment process and make it more efficient.
One of the advantages of Novalnet’s scalability is that it allows businesses to easily add new payment methods as they become available. This means that as new payment methods gain popularity, businesses can quickly and easily start accepting them, which can help to improve conversions and increase sales.
Fees
Novalnet’s fees are competitive and transparent. The company charges a setup fee of € 49.95, which includes the integration of the payment gateway and the setup of the merchant account. In addition to the setup fee, Novalnet charges a transaction fee that varies depending on the payment method used. The fees for some popular payment methods are as follows:
- Credit cards: 1.5% + € 0.25 per transaction
- PayPal: 2.5% + € 0.35 per transaction
- SEPA direct debit: 0.9% + € 0.25 per transaction
Conclusion
Novalnet is a leading payment service provider that offers a wide range of payment solutions for businesses of all sizes. With its cutting-edge technology, comprehensive security features, and competitive fees, Novalnet is a great option for businesses that want to streamline the payment process and improve the customer experience.
Whether a business is just starting out or has been around for years, Novalnet’s scalable payment platform can help to drive growth and increase revenue. If you’re looking for a payment service provider that can help take your business to the next level, Novalnet is definitely worth considering.
