Mollie and Billie Launch pan-European Partnership to Bring Buy Now, Pay Later to B2B Customers
- 22.03.2023 09:10 am
Billie, the leading provider of Buy Now, Pay Later (BNPL) payment solutions for business customers, and Mollie, one of the fastest growing payment service providers in Europe, announce today the launch of their pan-European partnership to bring Buy Now, Pay Later payment methods to business customers.
By joining forces with Billie, Mollie enables several thousands of European merchants to offer the most 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 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 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."
“In B2B, payment by invoice has long been the payment method of choice, allowing businesses to optimize working capital and keep their own customers happy,” says 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. 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 selling the items get paid upfront, making Billie’s payment method a useful addition to the cash flow management of both merchants and business buyers. 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 way, B2B sellers can offer their customers flexible payment terms while reducing credit risk and administrative burden of commercial credits collection to zero. 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 to go live today as part of the pan-European partnership is Germany. This means that Billie's payment methods will be available to all of Mollie’s merchants in Germany catering to business customers. The product offering will be expanded to additional core markets in 2023.