BNPL: Mollie, Billie to Bring Buy Now, Pay Later to B2B Clients in Europe

Billie, the provider of Buy Now, Pay Later (BNPL) payment solutions for business customers, and Mollie, which claims to be one of the fastest-growing payment service providers in Europe, have launched their pan-European partnership in order to bring Buy Now, Pay Later payment solutions to businesses.

By teaming up with Billie, Mollie allows for European merchants to provide the most widely-used payment option in B2B commerce: Payment by invoice.

Billie’s B2B BNPL payment service is integrated with Mollie and may be activated via online stores as well as marketplaces with a few clicks through the users’ Mollie Dashboard.

Annett Polaszewski-Plath, Managing Director DACH at Mollie, said:

“Buy Now, Pay Later online payment methods are immensely important for B2B e-commerce merchants, especially in the small and medium-sized segment. 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, said:

“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. 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.”

After it has been activated, Billie enables business clients to acquire products without having to pay for them for 30 days.

As noted in the update, Mollie’s merchants selling the items are paid upfront, which helps with making Billie’s payment option a useful addition to the cash flow management of merchants as well as business buyers.

Billie reportedly carries out real-time credit approval of buyers at the time of checkout, with shopping cart limits of as much as €100,000 along with default and fraud risk protection for merchants.

As explained in the announcment, B2B sellers are able to provide their clients with flexible payment terms while also lowering credit risk and administrative burden of commercial credits collection to zero.

Through the integration with Mollie, merchants are able to effectively manage the full post-purchase cycle, from capturing shipments to taking care of refunds, directly in the Mollie Dashboard or using their API.

The first market to reportedly go live as part of the pan-European partnership is Germany.

This means that Billie’s payment methods are available to Mollie’s merchants in Germany catering to business clients. The product offering will reportedly be expanded to additional core markets this year.

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