Introduction
Nuvei for Platforms enables marketplaces and platforms to work with their PSP and payment method of choice, to split transactions and payout sellers in a compliant (PSD2) manner.
1. Sign up
Easily get in contact with Nuvei for Platforms by hitting the Get Started button on our homepage. After reaching a collaborative agreement, a Sandbox account will be created for you to start testing our API. Then, you can create an API call with transactions to allocate funds to your (marketplace) virtual account and the virtual account of your sellers.
2. Select your PSPs
Select any payment providers of your choice (Mollie, Klarna, Adyen, etc.). Once you have configured the PSP(s) of choice to use Nuvei for Platform’s IBAN, the PSP will send the funds to Nuvei for Platforms. Nuvei for Platforms will gather the reports from the PSP over API/SFTP and reconcile your transactions automatically.
3. Onboard sellers
Add sellers using our API our dashboard. Nuvei for Platforms will take care of the KYC (know your customer) process in order to be compliant with PSD2. Once a virtual account is created for the seller you are able to allocate funds to the sellers’ balance.
4. Collect & split payments
Nuvei for Platforms will collect & reconcile payments from your payment providers.
5. Manage funds
Send split payments to the Nuvei for Platforms API in order to distribute the funds between the sellers and the marketplace. From the available balances, you can charge for monthly fees or manage corrections, and trigger payouts from the available balances.
6. Payout to sellers
Payout your sellers according to your needs by using our scheduled payouts (daily, weekly or monthly). If you don’t want Nuvei for Platforms to take control over your payouts as soon as funds are reconciled, trigger payouts yourself using our API or the dashboard when you want to define the amount and timing of the payout yourself.