If you want to offer Buy Now, Pay Later in your online store without taking on the default risk for unpaid invoices yourself, BNPL providers come into play. We'll show you four different providers, what conditions your customers can expect and how you can easily integrate the best BNPL providers into your online store.
Klarna BNPL: Versatile and simple
Klarna offers a total of three different "Buy now, pay later" solutions. With Klarna: Invoice, the total amount is due within 30 days as an interest-free one-off payment (bank transfer). With Klarna: Pay in 3, the amount is divided into 3 equal, interest-free installments. And with Klarna: Slice it, your buyers can pay in up to 36 monthly installments (direct debit) at an interest rate of between 0 and 29.99 percent. Whichever BNPL model your customers choose: They will be paid the full amount promptly and securely, as Klarna assumes the complete default risk.
Via Mollie, you can activate Klarna's Buy Now, Pay Later options simply by using the slider in your Mollie dashboard. Fees are only charged to you as a merchant for successful transactions.
Scalapay BNPL: Three interest-free installments
The provider Scalapay offers a Buy Now, Pay Later model with three interest-free installments that are debited monthly from customer credit cards (Visa, Mastercard or American Express). If a direct debit cannot be made on time, customers incur late fees. Scalapay assumes the risk for such defaults. Merchants receive the full amount transferred to their own account within five working days.
PayPal BNPL: Up to 24 monthly installments possible
PayPal offers various Buy Now, Pay Later payment options. These can be paid by credit card, direct debit or in installments. As a merchant, you do not pay any additional fees for this service, only the normal PayPal fees. Buyers who opt for purchase on account via PayPal and make a one-off payment after 30 days do not pay any interest. In the same way, the Klarna: Pay in 4 from PayPal does not incur any interest for customers. Customers who choose to pay in installments via PayPal, on the other hand, pay 9.99 percent interest and can divide the total amount into up to 24 installments. PayPal can be easily integrated via Mollie and activated as an additional payment method alongside over 20 other payment methods. With no minimum term or ongoing costs.
Billie: BNPL provider for B2B businesses
Mollie and Billie are partners in offering BNPL payments in the B2B sector. This gives commercial customers flexible payment terms and merchants guaranteed incoming payments, as Billie bears the default risk. The procedure is no different from a traditional purchase on account. As soon as you mark the goods as shipped, your customers receive a normal invoice with a payment term of 30 days by bank transfer. You will receive the total amount five days after the shipping confirmation without any deductions.
4 BNPL providers compared
How customer-friendly are the conditions for BNPL payments? To give you a quick overview, we have compiled an overview of the interest and late payment fees charged by the leading BNPL providers in Germany:
Klarna
Interest rates:
Late payment fee up to 5,55 €
Scalapay
Interest rates: 0 % with Scalapay Pay in 3
Late payment fee up to 15 % of the total value of the loan
PayPal
Interest rates:
11.99 % with PayPal Pay in 3
11.99% for PayPal BNPL 6 months and 12 months
10.99 % for PayPal BNPL 24 months
2.80 € per failed debit attempt
Billie
Interest rates: 0 %
0 % per failed debit attempt
