Invoices without unnecessary words: simple link – simple payment

NovaPay individual-entrepreneur clients now have a new, convenient tool at their disposal: quick invoice generation in the app. An invoice is a ready-made document template with the individual entrepreneur’s details, which the entrepreneur can send to the customer for payment for services or goods. It takes 5–10 seconds to create, after which the buyer can make a payment immediately.

‘We strive to make accepting payments as easy as possible for entrepreneurs, comments Yana Levada, Director of Business Development at NovaPay. ‘Invoices save time, simplify payment collection, and make the settlement process much more convenient. This is another step towards allowing individual entrepreneurs to focus on their business rather than on the technical details of accepting payments.’

Online invoicing will be especially useful for entrepreneurs without their own website, whose main sales channels are social networks or bulletin boards. This feature is also relevant for freelancers, tutors, coaches, beauty industry workers, handmade product manufacturers, and other small business owners. The feature works as a simple alternative to online acquiring — no website connection, technical settings, or complex contracts required.

Entrepreneurs can create either a one-time invoice with a specific amount or an invoice that allows payment in any amount. The payer simply follows the link or scans the QR code and pays conveniently: Apple Pay, Google Pay, NovaPay card, or by entering the card details manually.

With the new feature, businesses can:

• control all payments directly in the app;
• see online who paid the invoice and when;
• analyse all invoices sent, and identify the most profitable customers;
• receive funds for paid invoices on the same day;
• automatically receive payment records by email.

The buyer also benefits: there is no need to enter the recipient’s details, and the invoice itself is an official document that protects their rights in the event of the seller’s non-fulfilment of obligations. In addition, electronic invoices provide reliable protection of personal data and guarantee payment security. For the buyer, payment of the invoice is free of charge, regardless of the bank card used.

NovaPay invoices are also beneficial for the seller. The commission is only 1% when paying with a card from another bank, and if the customer pays with a NovaPay card in the app, there is no commission.

The NovaPay app offers several advantages for business owners. Individual entrepreneurs can open an account in a few minutes and enter into a post-payment agreement, allowing them to receive cash on delivery for goods sold daily. Business owners can also conveniently make payments, issue powers of attorney, apply for loans, and much more.

NovaPay is an international financial service from the NOVA (Nova poshta) group of companies. It has been providing online and offline payment solutions in over 3,600 branches for 13 years. NovaPay was the first non-banking institution in Ukraine to receive an extended licence from the NBU to open payment accounts and issue cards.