Buy Now, Pay Later (BNPL) provider Billie is partnering with payments firm Mollie to launch a pan-European product that brings the instalment-based service to new businesses across the continent.
By joining forces with Billie, Mollie can enable several thousands of European merchants to offer the most popular payment methods in B2B commerce; payment by invoice.
Billie’s B2B BNPL payment solution is integrated with Mollie and can be activated by online stores and marketplaces with a few clicks in their Mollie dashboard.
“Buy Now, Pay Later online payment methods are immensely important for B2B e-commerce merchants, especially in the small and medium-sized segment,“ says Annett Polaszewski-Plath, Managing Director DACH at Mollie.
“BNPL makes it possible to offer more flexible payment terms, improve cash flow, accelerate the purchase decision and minimise 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.”
Additionally, 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. This in turn, allows B2B sellers to offer its customers flexible payment terms while reducing credit risk and administrative burden of commercial credits collection to zero.
The first market to go live today as part of the pan-European partnership is Germany, with Billie’s payment methods available to all of Mollie’s merchants in Germany for business customers. Mollie revealed that the product offering will be expanded to additional core markets in 2023.
“In B2B, payment by invoice has long been the payment method of choice, allowing businesses to optimise working capital and keep their own customers happy,” added Christian Grobe, Co-Founder and Managing Director of Billie.
“With the shift to e-commerce catching on in B2B, we have seen a huge demand for our digital BNPL solution, offering the same flexibility when purchasing online. We are very excited to partner with Mollie to bring BNPL to small and medium-sized merchants everywhere.”