Providing customers with their preferred payment methods while managing the complexities of cross-border transactions. This is where Nuvei's advanced payment gateway, offering access to over 700 payment solutions, becomes a game-changer for enterprises looking to accelerate their revenue growth.
As businesses expand globally, they often encounter several hurdles:
1. Supporting diverse geographic payment requirements
2. Offering local payment methods to improve conversion rates
3. Managing multiple payment providers efficiently
4. Optimizing their payment strategy with data-driven insights
These concerns are at the core of successful global expansion. Let's explore how Nuvei's gateway addresses these challenges and transforms payments into a catalyst for growth.
The benefits for online businesses
Accept payments globally, seamlessly
To truly accelerate revenue in international markets, businesses need a payment solution that allows customers to pay using their preferred methods. Nuvei's global payment platform offers connections to over 200 markets worldwide, with local acquiring in 50 countries and support for 700+ alternative payment methods (APMs). This extensive network enables businesses to offer a localized payment experience, significantly improving conversion rates and customer satisfaction.
Maximize authorization rates
High authorization rates are critical for revenue acceleration, especially in cross-border transactions where declines are more common. Nuvei's advanced authorization optimization suite features industry-leading tools such as partial approval, decline recovery, and intelligent routing.
By implementing these technologies, businesses can see substantial improvements in their approval rates. For instance, switching from legacy systems to Nuvei's modern payment platform has increased approval rates by 2% in North America and 1.5% in EMEA.
Effectively balance fraud management and approval rates
Effective fraud management in a multi-payment method environment requires a nuanced approach that balances risk mitigation with revenue optimization. Nuvei's solutions allow businesses to tailor their fraud strategy to their specific risk appetite, ensuring maximum performance without compromising security.
From advanced fraud detection to industrial-grade tokenization and KYC, Nuvei protects businesses and their customers. When fraud or chargebacks do occur, our human-led expertise provides invaluable support in managing these incidents effectively.
Gain visibility and control
To optimize a diverse payment strategy, businesses need comprehensive visibility into their transaction data across all payment methods. Nuvei's powerful reporting technology allows customers to see holistic payment data and detailed transaction information—all on a single platform. This level of insight enables data-driven decision-making and continuous optimization of payment strategies across multiple payment solutions.
Global reach, human-led expertise, and flexible technology
What sets Nuvei apart in managing multiple payment solutions is our combination of global reach, human-led expertise, and flexible technology stack. Unlike competitors who promote a 'closed ecosystem', we fully support a 'multi-vendor model', offering unparalleled flexibility to integrate with existing setups.
Our platform is designed to be modular and customizable, allowing businesses to pick and choose the specific products, features, and functionality they need from our 700+ payment solutions. This a-la-carte approach ensures that our solutions can be tailored to fit the unique needs of each business, regardless of their organization's maturity or development capability.
Moreover, our on-demand, human-led global expertise provides a level of support that goes beyond typical payment providers. We offer tailored, white-glove service that evolves with our customers, following the sun to ensure they have a partner committed to their success at every step of their global expansion journey.
Customer success and data points
The effectiveness of Nuvei's approach to managing multiple payment solutions while accelerating revenue is evident in the results our customers achieve:
- A 2% increase in customer approval rates in North America
- A 1.5% increase in approval rates in EMEA
- A 26% drop in fraud rate
These improvements translate directly into revenue growth. Through our data-backed solutions, merchants have increased revenue by 19% by converting potentially lost sales into approved transactions.
One of our customers, a global eCommerce platform, saw a significant impact after implementing Nuvei's smart routing technology across multiple payment methods. They effectively converted declined transactions into approvals, resulting in a 5% increase in successful transactions.
Another customer in the travel industry leveraged our proprietary decline cascading technology to optimize their revenue streams across various payment solutions, leading to a 3% increase in overall revenue.
To complement our suite of 700 payment solutions Nuvei offers a comprehensive set of tools and technologies:
1. Global payment network
Our extensive network of 700+ alternative payment methods and local acquiring in 50 countries allows businesses to offer preferred payment options in each market. This localization significantly improves conversion rates and customer satisfaction.
2. Authorization optimization suite
Partial Approval: Allows transactions to be partially approved when full authorization isn't possible, reducing lost sales across multiple payment methods.
Decline Recovery: Automatically retries declined transactions through alternative routes, increasing approval rates.
Intelligent Routing: Dynamically selects the optimal processing path for each transaction based on various factors, including the specific payment method used.
3. Advanced fraud detection
Our multi-layered fraud prevention system uses machine learning and AI to analyze transactions in real time across all payment methods, identifying and blocking fraudulent attempts while minimizing false positives.
4. Tokenization
Industrial-grade tokenization replaces sensitive payment data with unique identifiers across all payment solutions, significantly reducing the risk of data breaches and fraud.
5. Know your customer (KYC)
Robust KYC processes help verify customer identities across various payment methods, crucial for complying with international regulations and preventing fraud.
6. Real-time transaction monitoring
Our systems continuously monitor transactions across all payment solutions, alerting businesses to any suspicious activity or sudden spikes in fraud rates.
7. Chargeback management
Comprehensive tools and human expertise to manage chargebacks efficiently across multiple payment methods, including automated responses and representation.
8. Customizable risk rules
Businesses can set and adjust their own risk thresholds and rules for each payment method, allowing for a tailored approach to fraud prevention that aligns with their specific needs and risk appetite.
9. Detailed reporting and analytics
Our powerful reporting technology provides comprehensive insights into payment data across all 700+ solutions, enabling businesses to identify trends, optimize strategies, and make data-driven decisions.
Excellence in managing multiple payment solutions
At Nuvei, we understand that success in global payments is a dynamic and ongoing journey. Our commitment to transforming payments into a catalyst for revenue acceleration drives us to achieve operational excellence for our clients. We provide them with the tools and solutions they need to manage 700+ payment methods seamlessly, enabling them to thrive in the competitive landscape.
Marginal gains in payment optimization
In the world of global payments, every 1% improvement can lead to significant revenue gains. At Nuvei, we're committed to uncovering that hidden potential for our customers across all payment methods. Our real-time transaction monitoring allows us to detect even the slightest performance variations in any of the 700+ payment solutions, prompting immediate action from our team.
Sometimes, it's as simple as adjusting the position of a specific payment method on the transaction page based on user behavior analysis. These seemingly small adjustments can lead to substantial improvements in both the payment experience and the overall performance of our clients.
Leadership in global payments
Fostering innovation and a culture of excellence is central to our leadership mindset at Nuvei. We encourage our teams to think creatively, embrace change, and work collaboratively with partners to drive success. This commitment to innovation and excellence ensures we remain leaders in the payments industry, constantly evolving our gateway to integrate new payment solutions and stay ahead of emerging trends in the global payment landscape.
By partnering with Nuvei, businesses gain more than just access to 700+ payment solutions. They gain a true partner committed to their global success, equipped with the technology, expertise, and dedication needed to optimize their payment strategy effectively while accelerating revenue across all markets and payment methods.
.svg)
