Global merchant onboarding
Onboard both individual and business merchants worldwide, with a streamlined verification flow that controls cost without sacrificing coverage.
To reduce onboarding cost, we want to verify progressively: a quick internal pre-check first, then KYC, and only a full KYB once the merchant proves real activity.
Internal pre-check
We screen the business against our own acceptance criteria. Once approved, we run a KYC.
KYC & volume tracking
KYC done, merchant starts collecting. We monitor cumulative processed volume in the background.
Full KYB
Once the threshold is crossed, escalate to full business verification.
Multi-currency accounts & on-demand settlement
Give merchants native multi-currency accounts and let us control settlement timing with our own rules.
Multi-currency accounts
A single merchant can hold balances in multiple currencies, e.g. EUR & USD side by side. Charge in the currency the customer pays in, hold it natively, settle when it makes sense.
On-demand settlement
Settlement happens when we decide, driven by our own rules, not on a fixed external schedule. Full control over treasury timing and payout cadence.
Many European merchants charge in USD (and EUR) but settle everything in EUR, eating an avoidable FX spread on every USD transaction (Adyen, for example, charges around 0.9%). By holding native USD and settling in stablecoins (USDC / EURC), we remove that spread entirely instead of converting through a forced FX leg.
Fraud data, build a shared model
We want access to as many fraud endpoints as possible. The goal: build a large, shared data model exposed back to our merchants as a fraud-prevention layer.
Model A, Direct merchant
A SaaS, e-commerce store, freelancer or agency holds a Suby account, collects card payments directly, and Nuvei settles in stablecoins (USDC / EURC) straight into the DFNS-managed merchant balance.
Model B, Suby Connect
In each case there's one sub-merchant (the wallet, the marketplace, the neobank) with many associated wallets underneath, one per freelancer, seller, or end-user. Nuvei does the processing and settlement, in stablecoins where possible, into a smart account that splits the funds. Three validated use cases with real demand below.
Wallet for freelancers or businesses
Low riskSub-merchant = the wallet platform; each freelancer / business has their own wallet underneath. They invoice by card and receive stablecoins.
Nuvei processes & settles into a smart account that splits to each freelancer's wallet, platform commission, our fee.
Marketplace
High riskSub-merchant = the marketplace; each seller has their own wallet underneath. Buy/sell of physical and/or digital products.
Nuvei processes & settles into a smart account that splits to each seller's wallet, marketplace commission, our fee.
Neobank
High riskSub-merchant = the neobank; each end-user has their own wallet underneath. Card on-ramp with instant settlement into the user's wallet.
Nuvei processes the on-ramp & settles instantly into each user's wallet. KYC/KYB on the neobank's side; flow to validate.
Processing, settlement & split
Nuvei processes the payment and settles onto the multiple accounts/wallets of the same sub-merchant. Suby handles the fund split on top, so each party gets its share automatically.
Open questions for Nuvei
Everything below is framed as a question we'd like Nuvei to answer to scope the partnership.