Nuvei is a Canadian payments technology company and payment processor, founded in 2003 and headquartered in Montreal. Philip Fayer, Nuvei Chair and CEO, states that owning technology alone is not enough to stay competitive today, so the platform relies on technological and strategic partnerships. Its aim is to become a trustworthy payment technology partner to its customers.
At the time of writing, Nuvei supports 585 payment methods and over 150 currencies. Its customer base exceeds 50,000 customers, and its team of more than 1,600 employees serves over 200 markets, including local acquiring markets. The company’s stated goal, as its official website puts it, is to make the whole world the local marketplace.
Nuvei technologies
Nuvei offers a developer-friendly API, open-source architecture and rapid, simple integration options. A large library of ready-made plugins and documentation covers content management systems, online stores and shopping carts, including PrestaShop, Shopify, WooCommerce and WordPress. Extensive functionality allows advanced customization.
The company states that the platform delivers high-speed processing with maximum uptime and can handle huge transaction volumes, so it supports any sales peak, including holidays, with a high level of security. Nuvei follows booming verticals, adopts new payment technologies and keeps improving its acquiring flexibility, which helps merchants seize opportunities that new market innovations open up.
Nuvei highlights
- Nuvei helps e-commerce brands expand their geography, and its localized payment methods help merchants increase payment acceptance.
- The company serves merchants in gaming, gambling, sports betting, travel, online retail, marketplaces, financial services and banking, network marketing and other industries.
- Clients point to fast and secure payouts, and to flexibility and agility: the platform can be customized to their requirements.
- Nuvei helps merchants introduce strong customer authentication (SCA) without losing conversions.
- After integration, the platform helps reduce operating costs and makes the most popular global payment options available.
- Nuvei offers unified reporting for merchants working with it as their processing partner, while dynamic currency conversion helps avoid losses.
- Payment optimization improves the merchant’s conversion and acceptance rates, while smart conversion routing helps decrease costs.
Nuvei fees
The gateway fee is $25 per month, plus $0.40 per transaction. Fees accumulate during the month and are paid the following month, once the exact amount is clear. Nuvei also charges for PCI compliance ($34.95 per quarter) and maintenance ($199 per year).
How to connect to Nuvei
Nuvei’s documentation center includes software integration guides, API reference docs, an innovation center and instant bank transfer docs.
To start working with Nuvei, a merchant creates a new user in the Nuvei merchant dashboard and submits an application with information about the company. Applicants can also contact the Nuvei team through a dedicated page.
