Prepayment
Prepayments are advance payments that operate as a ‘Money First, Goods Second’ system. Novalnet receives real-time payments before delivering the goods to the shopper. So, payment status will get updated for incoming payments, and when the merchants receive the payment, goods are dispatched for delivery.
Key Information
| Payment Type | PREPAYMENT |
| Type | BANK-TRANSFER |
| Supported Countries | 
European Union (EU)
|
| Supported Currencies | CHF, EUR |
| Authorization | Yes |
| Transaction Refund | Yes |
| Tokenization | No |
| Recurring | Yes |
| Transmission of the customer number | Yes |
Try it yourself
Before integrating prepayment into your webshop, do you want to simulate the checkout flow? Give the prepayment demo a try to view how prepayment checkout handles payment responses. Click Pay Now to get started.
How does Prepayment work?
- Shoppers choose Prepayment as a payment type on the checkout page.
- Shoppers place orders and make the payment.
- Novalnet notifies the merchant about the incoming payment through Webhook.
- Merchants verify the credited amount and deliver the products to shoppers.
- Shoppers receive the products after completing the payment before the due date.
How do you wish to integrate Prepayment?
Setup Prepayment payment method integration in your webshop using any of the following integration methods based on your business model. Previously, you must have enabled the Prepayment payment method in the Novalnet Admin Portal.
Transaction Result
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