Overview

Nuvei’s billing and funding processes settle merchant (seller) transactional payments, refunds, chargebacks, and reverse-chargebacks, etc. which you (the Marketplace Platform) mark for settlement.
We also process all the non-transactional transfers such as manual credits, manual invoices, fees, and commissions splits, etc. between merchants (“sellers”) and their Marketplace Platform, according to the “Marketplace Platform – Merchant” commission split agreement. We settle the resulting payouts and provides transaction reporting.

Prerequisites and Notes

1. Make sure that your Marketplace Platform account has been configured by your Nuvei Integration Specialist.
2. You need to provide an HTTP endpoint location on your server for Nuvei to collect the order records that you mark for billing and funding settlement.
3. Provide Nuvei with the necessary permissions and credentials to retrieve data from this endpoint location.
4. Set up processes on your server to identify stored order records (payments and refunds) that require billing and funding settlement.

Purpose

The topics described is this section provide you with:

1. Data definitions of the order records that require billing and funding settlement, which you should extract from your transactional system, and place in a location on your server.
2. Clear explanations of how Nuvei processes, aggregates, settles these order records, and how to interpret the final Marketplace Platform Settlement Invoice and the Merchant Settlement Reports.

Billing

The Nuvei Pre-settlement GET transactions API calculates the “billing” arising from merchant transactions marked as “PAID” by the Marketplace Platform.

For details, see:

• The Pre-settlement API topic.
• The Pre settlement API Data Definitions topic.

Funding

The relevant payout transactions are prepared and settled, and the Marketplace Platform Invoice and Merchant Settlement Report are created to reflect the payouts.

For details, see the Marketplace Platform Invoicing topic.