NovaPay and OLX have launched automatic crediting of cash-on-delivery payments to entrepreneurs’ accounts

Entrepreneurs who sell on OLX now receive cash-on-delivery payments directly to their individual entrepreneur accounts quickly, transparently, and without unnecessary steps. And it’s all thanks to the NovaPay service. The financial institution has also implemented a service for OLX that automatically distributes payments: the system deducts the platform commission, and the seller receives the net income immediately after the buyer pays for the goods at a Nova poshta branch.

‘We aim to simplify online business for Ukrainian entrepreneurs, and this is our next step in developing NovaPay services tailored to their needs. The functionality reduces the number of manual operations, increases payment transparency, and simplifies document flow. The service is available exclusively for payments through the cash-on-delivery system and works automatically after opening an entrepreneur’s account and signing a contract with NovaPay,’ says Oleksii Ruban, Director of Innovation at NovaPay.

Sellers on OLX get a handy tool for working with cash-on-delivery. In their account, they can issue shipping invoices, track order status, and monitor incoming funds without incurring the time-consuming expense of paying marketplace commissions. There are also advantages for the OLX platform. After all, customer convenience has a direct impact on their conversion rate.

‘It is important for us that entrepreneurs selling on OLX not only have access to a large audience of buyers, but also have modern tools to manage their business. One such solution is our partnership with NovaPay, which has made the process of receiving cash-on-delivery transparent and as simple as possible. The seller immediately receives the net amount of the payment into their individual entrepreneur account, and the system handles all the technical details. This solution allows our customers to focus on what matters most — sales and business development — without wasting time on financial bureaucracy,’ said Oleksandr Madzihon, Head of the Goods Category at OLX Ukraine.

How entrepreneurs can get verified on OLX and receive cash-on-delivery payments to their individual entrepreneur accounts from sales through OLX Delivery:

• update the payment information in the OLX account;
• agree to the transfer of data to NovaPay;
• have a valid contract with NovaPay for cashless money transfers, which can be concluded online in the NovaPay app;
• after that, the cash-on-delivery function will be activated in the profile;
• receive funds for goods sold: to the NovaPay account – on the same day, to other bank accounts – the next day.

‘This innovation meets a real need of thousands of entrepreneurs who trade on OLX,’ adds Oleksandr Madzihon.

NovaPay is an international financial service from the NOVA (Nova poshta) group of companies, which 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 accounts and issue cards.

OLX is the No. 1 classifieds platform in Ukraine. It helps over 23 million Ukrainians every month to sell/buy goods, find a job, a new home, or a car, and get support from numerous service providers. The OLX mobile app covers over 50% of Ukrainian mobile device users and is installed on every second smartphone. Every second resident of Ukraine visits OLX.ua at least once a month.