Stripe is set to integrate Billie’s Buy Now, Pay Later (BNPL) payment solutions for its European customers in a bid to increase transaction options.
A select number of online shops in France, Germany and the Netherlands will be able to test Billie’s BNPL capabilities for businesses. Later in the year, companies using Stripe’s payment infrastructure will also be able to provide the BNPL solutions.
Hailed as a “first of its kind” BNPL solution, business customers will be able to make purchases and defer the payment for up to 30 days. At the same time, merchants receive payment upon the shipment of goods, aiming to better streamline this process.
Billie implements real-time approval of buyers at the checkout while providing default and fraud risk protection for merchants. Stripe’s B2B sellers can offer their business customers flexible payment terms while reducing credit risk.
Mauro Miotto, VP Partnerships at Billie, commented: “We are excited to offer Stripe merchants easy access to one of the most sought-after payment methods in B2B commerce: pay later by invoice.
“Our partnership will enable thousands of merchants across Europe to grow their customer base, modernise their B2B payment systems, and expand into new markets without facing the risks of payment default or fraud.”
The integration of Billie reflects Stripe’s commitment to providing customers with ongoing access to the latest payment methods to stay at the forefront of payment technology advancements.
The partnership with Stripe comes in the wake of strong growth for the Berlin-based scale-up. In June, Billie crossed 500,000 unique business customers served at more than 3,500 shops and marketplaces throughout Europe.
