Nuvei is a payment gateway that provides merchants with in-store, online, mobile, and integrated payment solutions. Its features include security and risk management, multi-currency pricing, recurring and subscription billing, online reporting, and a merchant discount program. It’s best for those who need to transact in multiple currencies and accept different payment types.
Nuvei Pros and Cons
Helpful customer support team
Fees are a bit expensive for some
Who Nuvei Is Best For
- Businesses that service international customers: Nuvei provides dynamic currency conversion and multi-currency pricing, which help make foreign transactions more seamless.
Nuvei’s pricing is not readily available on its website. However, according to a third-party site, a monthly subscription costs $25 plus transaction fees that range from 1%–4.99%. There is also a chargeback fee of up to $35, an early termination fee of either $395 or $495, and a yearly fee of $139.80 for PCI compliance.
Nuvei Alternatives 2020
It offers solutions for seamless multi-currency payments and reliable transaction management. Let’s take a look at some of Nuvei’s features below.
Merchant Dashboard: Keep track of all your sales data in real time. Nuvei’s online reporting solution also gives you access to your transactions and enables you to download statements, chart transaction percentages, and manage your merchant account data.
Multi-currency pricing: Nuvei’s global payment gateway lets you take online payments from over 150 countries and receive it in your own currency.
Dynamic currency conversion: If you own a business that gets a lot of foot traffic from tourists, then the provider gives you the option of accepting payment in your currency or in the currency that your customer’s credit card is billed—and transaction amounts in the physical receipt are indicated in both currencies.
Security and risk management: The provider offers real-time fraud detection and a preventative scoring engine. You may also utilize tokenization, 3D Secure address verification system (AVS), and card verification value (CVV).
Gift cards and loyalty: Nuvei’s gift card program may help you nurture existing customer relationships through reloadable gift cards, customizable gift card currencies, and gift card data tracking and reporting.
Recurring and subscription billing: Automated flexible billing provides a seamless purchase experience to your customers who want the option of timed credit card transactions. You may also manage recurring payments, subscriptions, and other billing plans.
Summary of Nuvei Reviews
As of this article’s writing (May 20, 2020), there are very few up-to-date Nuvei reviews online. However, a couple of reviewers on Facebook said that they had a great experience with Nuvei’s customer support team, while others said that the software’s fees can stack up and get pricey. If you are a past or current Nuvei customer, then leave a review to help those who are deciding whether or not to use the product.
Nuvei Frequently Asked Questions (FAQs)
Which third-party applications does Nuvei integrate with?
Nuvei does not list all its third-party integrations, but it offers developer-friendly solutions for integrating the following software types: payment processing, billing and invoicing, franchise management, field service management, event registration, and telemedicine.
Which industries does Nuvei cater to?
The platform is used mostly in the following industries: retail, restaurant and bar, ecommerce, direct selling, salon and spa, taxi and delivery, business-to-business (B2B), hotel and hospitality, and professional practices.
Does Nuvei accept automated clearing house (ACH) payments?
Yes, you may process ACH and eCheck payments without the need for third-party gateways.
Our Top Payment Gateway Picks
If you aren’t sure if Nuvei is right for you, then this article on the best payment gateways is a review of our top choices. Our team looked at a variety of solutions and narrowed our recommendations down based on the fees, security, ease of use and set up, sales channel served, and features among others.