Payments company Mollie and provider of B2B Buy Now, Pay Later (BNPL) services firm Billie have announced a new pan-European partnership.
Online merchants will now be able to offer Billie’s digital invoice purchasing option as a payment method via their existing Mollie integration.
The companies say that merchants using Billie as a payment method will see an increase in conversions by up to 64 per cent and average shopping cart value up 18 per cent.
"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.”
Mollie last year announced that it would be expanding into financial services by offering SME customers access to a new funding product.
Mollie Capital allows eligible customers to apply for cash advances of up to €250,000 depending on several factors, including their transaction history with Mollie.
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