As customers migrate to the new version of Novi Pay, these features will no longer be applicable. This article may be useful for customers still on the old version of Novi Pay and have questions about these specific features.
Novi Pay Settings & Documents
Refund Delay Process
Novi Pay allows you to hold Refunds in a pending status while you accrue a positive balance in your Novi Pay account.
For example, your current Novi Pay Available Balance is $50.00 and you issue a refund for $100.00. The Refund Delay Processing will delay issuing the refund based on your settings to give your Novi Pay Available Balance time to accrue more income to cover the total refund. This allows you to avoid a negative balance and a fee to top up your account.
These settings include:
Wait Up to: the number of days to delay (1 - 5 days)
Default: 2 Business Days
Refund Processing Order: the order in which refunds should be processed based on their age or amount.
Default: Oldest to Most Recent
Top-ups
Top-ups cover negative balances that occur when there is no Available Balance to cover fees such as disputes, refunds, or failed ACH payments. When this happens, Novi Pay automatically charges your "top-ups" stored payment method. An Account Debit Fee applies to each top-up.
While only a Primary Bank Account is required, a Secondary Bank Account is recommended for Top-ups. If your Primary payment method fails and you haven’t set a Secondary, your account may stay negative and Novi Pay features could be limited until the balance is resolved.
Add/Change a New Payment Method
Click Add New Payment Method
Enter your email, name, and bank account information using Stripes secure connection or manually add your bank account information (see more instructions about manually adding your bank account below)
Click Save in the Add Payment Method modal
4. After saving the new payment method, it will be available to enter as the Primary or Secondary Bank Account.
Note: If you add a Secondary Bank Account for Top-ups, it must be a different bank account than your Primary Bank Account for Top-ups.
Enter Bank Details Manually
Click Add New Payment Method
Click Enter bank details manually instead
Enter your Routing Number, Account Number, and Confirm Account Number
Add your email and name associated with the account
Click Save
The next step can take up to 1 - 2 days. We'll send a small deposit (literal pennies) to your bank account. Log in to your bank to view the deposit amount.
Input the exact deposit amounts and click Validate.
Once validated, the bank account will now be available as an option in the primary or secondary Bank Account for Top-ups dropdown.
Pass Along Failed ACH Fees to Members & Customers
When an ACH payment from one of your members or customers fails (generally a result of insufficient funds or closed accounts), Novi Pay automatically charges your association a fee for the failed transactions.
This setting allows you to automatically pass the fee along to the member or customer.
You determine:
Failed ACH Pass-Through Amount: how much the member or customer is charged
Failed ACH Pass-Through Item: the QuickBooks Online Item (product/service) that will be used on invoices for the pass-through charge
Failed ACH Pass-Through Class: the QuickBooks Online Class that will be used for the charge
When an ACH payment fails, the Payment transactions will be voided and the original invoice will have a new line item for this Failed ACH fee.
Pass Along Dispute Fees to Members & Customers
When a charge from your association is disputed, Novi Pay automatically charges your association a fee. If the dispute is resolved in favor of the association, this setting allows you to automatically pass the fee along to the member or customer.
You determine:
Dispute Fee Amount: how much the member or customer is charged
Dispute Fee Item: the QuickBooks Online Item (product/service) that will be used to record the fee
Email Notifications
Determine which emails will receive Novi Pay notifications and what notifications they will receive.
Association Admins with Special Accounting Privileges will automatically be added to the list of email addresses to receive notifications. Additional emails can be manually added.
Note: Due to the nature of "Transaction Disputed" emails, you will be unable to uncheck the "Transaction Disputed" checkbox, it is a required notification.
For those who want to setup inbox rules, we've included the subject line for each email notification too.
Notification Options
Payout Successful
Email Subject: Novi Pay - Payout Successful for <Association Acronym>
Payout Failed
Email Subject: Novi Pay - Payout Failed for <Association Acronym>
Deposit Reconciliation Successful
Email Subject: Novi Pay - Deposit Reconciliation Successful for <Association Acronym>
Deposit Reconciliation Failed
Email Subject: Novi Pay - Deposit Reconciliation Failed for <Association Acronym>
Payment Received
Email Subject: Novi Pay - Payment Received for <Association Acronym>
Refund Processed
Email Subject: Novi Pay - Refund Processed for <Association Acronym>
Transaction Disputed
Created Email Subject: Novi Pay - Transaction Disputed - Created for <Association Acronym>
Lost Email Subject: Novi Pay - Transaction Disputed - Lost for <Association Acronym>
Won Email Subject: Novi Pay - Transaction Disputed - Won for <Association Acronym>
Note: These notification settings are universal for all email addresses included in the Email addresses to receive notifications. Consider checking with your team when making changes to notification settings. Tip: Set up folder automations in your email client (Outlook, Gmail, etc) to route Novi Pay emails into a specific folder if you need them for history but not action items.