Dutch fintech Adyen and Buy Now Pay Layer provider Billie have inked a new deal that will allow businesses across Europe implement B2B BNPL payments services.
With the integration of Billie’s B2B BNPL solution into the Adyen platform, the partnership is expanding the popular B2C payment solution and offering an alternative online payment method to corporate credit cards.
As part of the deal, Adyen said it will help merchants and their business customers tackle everyday hurdles in B2B commerce including managing cash flow for buyers and sellers, eliminating payment defaults and fraud risks, and simplifying dunning and collection processes. The solution, which can be activated by shops with just a few clicks, allows merchants to offer their business customers an increasingly in-demand payment method in B2B commerce: Pay later by invoice.
In a statement, the firms said that Billie will enbale business buyers of shops that run on the Adyen platform to make purchases and defer payment for up to 30 days. At the same time, merchants will still receive payment upon the shipment of goods, benefiting both merchants and business buyers. Billie makes this possible by performing real-time credit approval of buyers at checkout, as well as providing default and fraud risk protection for merchants.
The first countries that have already gone live as part of the partnership are Germany, Austria, Sweden, and the Netherlands while France, UK, and Switzerland will follow in the coming months, the firms said.
“We are very happy to offer our customers and their business buyers a strong Buy Now, Pay Later option. With Billie being one of the leading BNPL solutions for B2B checkouts, we have a great partner on our side and are looking forward to seeing our partnership grow,” Hella Fuhrmann, Country Manager DACH at Adyen said.
Christian Grobe, co-founder and co-CEO of Billie added: “We are excited to give Adyen merchants easy access to the preferred payment method of their business buyers: pay later by invoice. Our partnership will enable thousands of merchants across Europe to grow their customer base, modernize their B2B payment stack, and expand risk-free into new markets.”
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