Mollie, a financial service provider, has collaborated with PayPal which aims to deliver secure and simplified payment solutions for marketplace platforms across Europe.

PayPal is a preferred payment option among Mollie's customers, known for facilitating payment flows and enhancing shopping experiences, and can drive business growth for marketplaces.

The partnership allows Mollie to offer PayPal as a payment option to marketplaces within the European Union and the UK.

This addition bolsters Mollie's payment solution offering, including credit/debit cards, digital wallets, bank transfers, and local payment methods.

The company also supports Buy Now Pay Later (BNPL) schemes and also accepts gift cards at multi-seller checkouts by enabling the monetisation of gift cards within a marketplace environment.

Mollie Connect is another service that marketplaces can leverage to drive revenue growth while simultaneously reducing operational costs.

Mollie partnerships group product manager Paul van der Boor said: “Marketplaces can now offer PayPal to their customers without requiring a separate PayPal integration and re-onboarding all of their sellers. Instead, they can outsource all technical complexity and operational workload to Mollie.

“This allows the marketplace to focus on its core strengths, while Mollie handles all payment-related tasks, empowering marketplaces and SaaS platforms with seamless payment integration and monetization."

PayPal Europe partnerships Sr. Director Guillaume Demier said: “Marketplaces have been a growing share of total e-commerce for years and an area of exciting innovation. The combination of Mollie's strengths and PayPal's seamless and secure consumer experiences is well suited for the Marketplace segment.”

Last month, Mollie integrated HubSpot, allowing businesses throughout the UK to initiate and monitor payments directly from HubSpot in seconds.

"Mollie, PayPal tie-up on payments for marketplace platforms " was originally created and published by Electronic Payments International, a GlobalData owned brand.

 

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