{"id":82258,"date":"2020-04-06T09:46:10","date_gmt":"2020-04-06T16:46:10","guid":{"rendered":"https:\/\/oroinc.com\/b2b-ecommerce\/?p=82258"},"modified":"2022-09-21T01:39:07","modified_gmt":"2022-09-21T08:39:07","slug":"orocommerce-launches-novalnet-payment-integration","status":"publish","type":"post","link":"https:\/\/oroinc.com\/b2b-ecommerce\/blog\/orocommerce-launches-novalnet-payment-integration\/","title":{"rendered":"OroCommerce Launches Novalnet Payment Integration"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Businesses around the world are pressured to minimize costs while maximizing productivity to realize success. Buyers, on the other hand, are becoming ever more demanding. When a user feels friction in the purchase process, getting them to convert becomes difficult. In a recent survey of 4,560 responses, <\/span><a href=\"https:\/\/baymard.com\/lists\/cart-abandonment-rate\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Baymard Institute<\/span><\/a><span style=\"font-weight: 400;\"> discovered that payments are one of the main reasons buyers fail to complete their transactions. Primary grievances include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The checkout process was too complicated or too long (21%)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The total order cost was unknown when ordering (18%)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">There weren\u2019t enough payment methods (6%)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Poor checkout experiences represent an opportunity to offer value, setting businesses apart from the competition in a crowded market. A payment system improves website speed, checkout flow &amp; design, and payment processing. It enables customers to pay with their preferred local or global payment method, simplifying all crucial aspects of checkout processes, ensuring secure transaction flows.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most importantly, a payment system minimizes friction which negatively impacts shopping cart abandonment and conversion rates.\u00a0<\/span><\/p>\n<h2>Who is Novalnet?<\/h2>\n<p><span style=\"font-weight: 400;\">With more than a decade of experience in payments, <\/span><a href=\"https:\/\/www.novalnet.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Novalnet AG<\/span><\/a><span style=\"font-weight: 400;\"> offers B2B businesses a way to unify over 100 payment types via a single payment partner. They are a leading full-service payment provider that drives business revenue through an intuitive, secure, and scalable suite of products. Some of Novalnet\u2019s end-to-end integrated payment processing services include <\/span><a href=\"https:\/\/www.novalnet.com\/receivables-management\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">receivables management<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.novalnet.com\/debt-collection\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">debt collection<\/span><\/a><span style=\"font-weight: 400;\">, automated invoicing, risk management, and more.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.novalnet.de\/images\/Logo-245x85.png\" alt=\"novalnet payment service provider\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Like OroCommerce, Novalnet\u2019s payment solutions focus on seamless customer experiences. <\/span><span style=\"font-weight: 400;\">Their products and services are customizable based on individual B2B customer needs and processes in one ecosystem, eliminating the need for multiple contractual partners.<\/span><\/p>\n<h2>Welcoming Novalnet to the Ecosystem<\/h2>\n<p><span style=\"font-weight: 400;\">OroCommerce is committed to ensuring B2B merchants have the tools to provide the experiences their business customers require. In order to keep up with customer demands regarding payment preferences, Oro offers native back-office and storefront checkout workflows and automatic payment processing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The addition of the <\/span><a href=\"https:\/\/marketplace.oroinc.com\/orocommerce\/extension\/novalnet-payment-extension\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Novalnet payment extension<\/span><\/a><span style=\"font-weight: 400;\"> brings an even greater level of payment convenience, security and unleashes new growth opportunities for businesses.<\/span><\/p>\n<h3>The OroCommerce Novalnet payment integration<\/h3>\n<p><span style=\"font-weight: 400;\">The <a href=\"https:\/\/oroinc.com\/b2b-ecommerce\/blog\/orocommerce-and-novalnet-announce-technology-partnership\/\" target=\"_blank\" rel=\"noopener noreferrer\">Novalnet partnership<\/a> brought innovative payment solutions and <a href=\"https:\/\/oroinc.com\/b2b-ecommerce\/\" target=\"_blank\" rel=\"noopener noreferrer\">B2B eCommerce<\/a> closer together. Now, the payment integration for OroCommerce brings virtually any payment method to your store via a single and secure platform that manages everything from payment processing to collection.\u00a0<\/span><\/p>\n<h3>Extensive, up-to-date payment portfolio<\/h3>\n<p><span style=\"font-weight: 400;\">With Novalnet, merchants can process <\/span><a href=\"https:\/\/www.novalnet.com\/payment\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">100+ international and local payment methods<\/span><\/a><span style=\"font-weight: 400;\"> such as credit cards, debit cards, online bank transfers, invoices, Paypal, etc. New payment methods are regularly added and can be easily integrated into the system.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.novalnet.de\/images\/alle-logo-novalnet.png\" alt=\"novalnet payment\" \/><\/p>\n<h3>Single solution for accepting and processing payments<\/h3>\n<p><span style=\"font-weight: 400;\">One<\/span><span style=\"font-weight: 400;\"> simple, user-friendly interface to process preferred payment methods, including debt collection, prepayment, invoicing, payment guarantees, and more.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-82260 size-full\" src=\"https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2020\/04\/novalnet-payment-integration-orocommerce.png\" alt=\"novalnet payment integration orocommerce 1\" width=\"824\" height=\"621\" srcset=\"https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2020\/04\/novalnet-payment-integration-orocommerce.png 824w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2020\/04\/novalnet-payment-integration-orocommerce-610x460.png 610w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2020\/04\/novalnet-payment-integration-orocommerce-768x579.png 768w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2020\/04\/novalnet-payment-integration-orocommerce-584x440.png 584w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2020\/04\/novalnet-payment-integration-orocommerce-279x210.png 279w\" sizes=\"auto, (max-width: 824px) 100vw, 824px\" \/><\/p>\n<h3>Simpler, more user-friendly purchasing experience<\/h3>\n<p><span style=\"font-weight: 400;\">Novalnet offers enhanced checkout processes to avoid aborted purchases &amp; revenue losses, as well as in-house merchant and end-user support.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-82261\" src=\"https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2020\/04\/novalnet-payment-integration-orocommerce-2.png\" alt=\"novalnet payment integration orocommerce 2\" width=\"825\" height=\"663\" srcset=\"https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2020\/04\/novalnet-payment-integration-orocommerce-2.png 825w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2020\/04\/novalnet-payment-integration-orocommerce-2-572x460.png 572w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2020\/04\/novalnet-payment-integration-orocommerce-2-768x617.png 768w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2020\/04\/novalnet-payment-integration-orocommerce-2-548x440.png 548w, https:\/\/oroinc.com\/b2b-ecommerce\/wp-content\/uploads\/sites\/3\/2020\/04\/novalnet-payment-integration-orocommerce-2-261x210.png 261w\" sizes=\"auto, (max-width: 825px) 100vw, 825px\" \/><\/p>\n<h3>Secure and scalable for any business model<\/h3>\n<p><span style=\"font-weight: 400;\">Extensive risk management with intelligent fraudulence prevention techniques come standard, as do reports and analytics with export options.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Novalnet is PCI compliant and built using state-of-the-art technologies with agile development practices. OroCommerce, in conjunction with Novalnet is able to deliver their customers a flexible, robust and scalable online payment platform.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Seamless Payment Experiences with Novalnet<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">B2B sellers require out-of-the-box solutions that differentiate them in the eyes of the customers, enabling profitability and bringing sustained value. With the Novalnet extension, OroCommerce can finally offer end-customers a seamless payment experience that drives revenue &#8211; allowing eCommerce businesses to focus on realizing their goals.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/marketplace.oroinc.com\/orocommerce\/extension\/novalnet-payment-extension\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Novalnet Payment Extension<\/span><\/a><span style=\"font-weight: 400;\"> is available for download on the Oro Marketplace.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Businesses around the world are pressured to minimize costs while maximizing productivity to realize success. Buyers, on the other hand, are becoming ever more demanding. When a user feels friction in the purchase process, getting them to convert becomes difficult. In a recent survey of 4,560 responses, Baymard Institute discovered that payments are one of [&hellip;]<\/p>\n","protected":false},"author":38577,"featured_media":82269,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-82258","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-product-news-updates"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>OroCommerce Launches Novalnet Payment Integration | OroCommerce<\/title>\n<meta name=\"description\" content=\"The OroCommerce and Novalnet payment integration brings secure, flexible and seamless payments right to your B2B eCommerce store. 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