Settlement cycles are defined in Nuvei system. Based on this, Nuvei generates settlement invoices for each shop. Also, Nuvei generates a commission settlement invoice for Mirakl Marketplace.

The acquiring banks and alternative payment method providers settle to Nuvei the Gross amount – Acquiring/Processing Fees:

• Nuvei settles gross amount – operator commission – acquiring fees to each shop. Settlement frequency: weekly. If a different settlement frequency is needed, please contact your Nuvei account manager.
• Nuvei settles commission to Mirakl Marketplace based on Transaction Log API exposed by the Mirakl. Settlement frequency: weekly. If a different settlement frequency is needed, please contact your Nuvei account manager.

Optional functionalities:

• Subscription fee can be collected by Nuvei from the shops on behalf of the marketplace operator.
• Manual credits / debits can be issued towards the shops by the Marketplace operator using Mirakl backoffice and will be performed by Smart2Pay.
• Mirakl Marketplace can withhold the payment of certain transactions towards the shop (e.g. only the transactions with PaymentStatus marked as PAID will be settled).