Mollie and Billie bring Buy Now, Pay Later to B2B customers in Europe
By Gloria Methri
Billie, the provider of Buy Now, Pay Later payment solutions for businesses, and Mollie, one of the fastest-growing payment service providers in Europe, have announced a pan-European partnership to bring BNPL payment methods to business customers.
By joining forces with Billie, Mollie enables thousands of European merchants to offer a popular payment method in B2B commerce: Payment by invoice.
Billie’s B2B BNPL payment solution is seamlessly integrated with Mollie and can be activated by online stores and marketplaces with just a few clicks in their Dashboard.
Annett Polaszewski-Plath, Managing Director DACH at Mollie said, “BNPL makes it possible to offer more flexible payment terms, improve cash flow, accelerate the purchase decision, and minimize the risk of payment defaults for B2B merchants. We are therefore very pleased to be able to offer this service from now on and to have won Billie, a strong German FinTech, as a long-term partner.”
Christian Grobe, Co-Founder and Managing Director of Billie commented, “We are very excited to partner with Mollie to bring BNPL to small and medium-sized merchants everywhere. For Billie, this is a big step towards our goal to simplify the purchasing experience for all businesses and make it a tool for growth.”
Once activated, Billie allows business customers to purchase goods without having to pay for them for 30 days. At the same time, Mollie’s merchants get paid upfront. Billie performs real-time credit approval of buyers at the checkout, with shopping cart limits of up to €100,000 as well as default and fraud risk protection for merchants.
Via the integration with Mollie, merchants can also manage the full post-purchase cycle, from capturing shipments to handling refunds, directly in the Mollie Dashboard or using their API.
The first market is going live as part of the pan-European partnership in Germany. Billie’s payment methods will thus be available to all of Mollie’s merchants in Germany. The product offering will be expanded to additional core markets in 2023.
IBSi Daily News Analysis
December 05, 2023
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