Nuvei Marketplace Product is a comprehensive payment solution tailored for Marketplace Providers. It enables Marketplaces to concentrate on delivering optimal user experiences while Nuvei takes care of the following processes:

Seller Onboarding

This step entails inputting store information into a designated “onboarding company account” within the Nuvei Know Your Customer (KYC) system for risk evaluation purposes. Once approved, a Nuvei Seller account is established for the store and linked to your primary Nuvei Seller account, which represents your Marketplace.

Payment Processing

Handles and authorizes client payments through credit and debit cards, as well as alternative payment methods (APMs) for transactions involving multiple sellers in the marketplace.

Payment Distribution and Settlement

Divides customer payments from orders involving multiple sellers among the marketplace sellers and oversees the payout settlements for each individual seller (store).

Financial Management

Offers support for reconciling refunds, chargebacks, and other financial transactions between the marketplace, sellers, and customers.

Billing and Funding

Produces and shares Marketplace Settlement reports and Seller Settlement reports, which include comprehensive billing and payout computations between the relevant parties.