Mollie launches in3 buy now, pay later payments
May 18, 2022
in3 and Mollie partner for BNPL payments
Mollie customers can now offer in3’s buy now, pay later (BNPL) payments to consumers in the Netherlands. in3 offers a leading BNPL payment method that allows shoppers to pay for purchases in interest-free instalments via iDEAL - the most popular Dutch payment method. Our new long-term partnership with the firm, which recently raised €81 million in a Series B funding, includes the possibility of future expansion to Germany and other European countries. It will help meet the growing demand for BNPL methods from consumers and businesses.
“Shoppers don’t always have the available funds to pay for what they want when they need it. BNPL can increase conversion rates and the average order value of purchases by allowing for more flexibility,” says Ken Serdons, Mollie CCO. “We are excited to work with in3 and offer our customers an alternative interest-free BNPL payment method with a guaranteed payout. Additionally, in3 also highly values the importance of localisation when it comes to payments, which is a key and core value of Mollie. We look forward to exploring similar opportunities abroad with in3.”
Flexible buy now, pay later payments
Consumers using in3 can pay for a purchase in three interest-free instalments. The first is paid upfront, with the second and third due within 30 and 60 days. There are no hidden fees or penalties for late payments, and no credit registration is required. After the first payment is received, there is a guaranteed payout of the full order amount, ensuring the business gets paid for a delivered product or service.
“We are delighted to partner with Mollie and offer its customers in3, which provides the Dutch market an alternative BNPL solution via its most loved payment method, iDEAL,” says in3 CEO Hans Langenhuizen. “Not only does Mollie share a lot of similar core values with us, but it also processes a large share of the online payments traffic in the Netherlands, so it is a very important partner for us strategically. We have already received dozens of requests from Mollie’s customers who are keen to offer in3 – a simple and flexible solution.”
Find out more about using in3 with Mollie.