Novalnet Review

Instant, Flexible, & Secure Payment Processing

Novalnet offers various ways for businesses to quickly and safely collect and process payments. For instance, businesses that don’t have webshops or POS systems can create neat, short, and customizable payment links. They can share the payment links with customers through invoice, email, instant messaging, or social media. When customers click the links, they will land on a secure payment page to complete their payments.

Those who process orders and payments for products or services via telephone (MOTO/telesales) can also use Novalnet’s call-and-pay or IVR system. Your customers can pay through their phones anywhere and anytime, even without an internet connection.

Moreover, Novalnet permits users to accept payments in multiple locations without buying, setting up, and maintaining physical terminals. They can deploy a virtual POS or payment terminal on any internet-connected device, which is accessible via web browser and supports credit/debit, SEPA, and invoice payments.

Safety & Security Assurance

With Novalnet, you are ensured that your transactions, money, customers, and business are always safe and secure. Novalnet checks transactions in real time, verifies user identity, and performs credit risk evaluations through AI and machine learning. You’ll be able to continuously and proactively guarded against payment fraud and chargebacks that might harm the integrity of your business.

Escrow accounts can also be set up for merchants, resellers, partners, and affiliates. Such accounts are used to temporarily and safely hold their funds, which are only disbursed after they meet certain obligations or conditions. This helps in mitigating the risks of non-payment, insolvency, or misappropriation.

Business & Process Management

The payment provider makes it easy to handle businesses and processes. Marketplace owners can manage customer, merchant, and affiliate payments using an intuitive dashboard. They can create flexible payment schedules and rules as well as automatically calculate merchant payments and affiliate commissions.

Novalnet allows SaaS and subscription businesses to tokenize their members or subscribers’ personal and financial data and set up automated payment reminders and notifications. With that, they can process recurring payments more securely while maintaining a healthy cash flow.

Users can also automate their billing, accounting, and tax processes. They can create and send instant and personalized invoices in multiple formats, automatically sync transaction data with their ERP, accounting, or CRM systems, and prepare and submit country-specific tax reports.