Mollie teams up with Recharge to offer product subscription solution
By Leandra Monteiro
Mollie, one of the fastest-growing payment service providers in Europe, announced its partnership with subscription management solution, Recharge, to offer an API-first, end-to-end subscription solution that provides unprecedented support for recurring payments and subscription management. The partnership provides innovation to subscription-based e-commerce businesses and is now available across all markets that Mollie services.
Recharge’s API enables the integration of recurring payments into standalone webshops, and platforms such as Magento, WooCommerce, and additional e-commerce platforms to come. Merchants will be able to customise and quickly incorporate a subscription program, including options of adding one-time products, managing recurring purchases, skipping deliveries, or swapping product capabilities. Users can also automatically retry payments if they fail to be processed and leverage the Recharge interface to automate smart dunning and winback workflows.
As well as providing unparalleled support directly to merchants, the integration helps create a better subscription experience for customers. Customers can manage their subscriptions via a personalised subscription management portal. Merchants can send personalised notifications to keep consumers in control and informed and have access to real-time analytics with insights into revenue, customers, and subscriptions to better understand and meet customer needs.
Ken Serdons, Chief Commercial Officer at Mollie, said, “We’re really excited to be able to offer merchants the opportunity to easily implement fully-powered subscriptions with Recharge. Seamless, effortless payments brought to recurring e-commerce means an increase in lifetime value and average order value, and at a time of unprecedented e-commerce growth and ambition, we’re able to meet and surpass customer expectations.”
“What we’re seeing is a continued momentum towards modular commerce,” said Oisin O’Connor, CEO and Co-Founder at Recharge. “Partnering with Mollie allows us to continue meeting e-commerce businesses where they are and provide the most seamless way for them to have a recurring payments and subscription management solution, all in one place.”
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