Mollie & Qonto Team Up to Simplify Business Payments
Hey Payments Fanatic!
About 47% European businesses face challenges with late payments. While the reasons vary, fragmented payment systems and slow processing remain key hurdles for SMEs. Against this backdrop, Mollie and Qonto have joined forces to address the issue head-on.
Mollie and Qonto have announced a two-way collaboration that aims to streamline both sides of the financial equation, payments and banking. Qonto, a FinTech serving over 400k SMEs and freelancers across Europe, now integrates Mollie’s embedded payments solution. This enables Qonto customers to accept payments through secure links directly from invoices, or shared as standalone links, simplifying how they get paid.
Mollie’s platform, which supports over 250k businesses across Europe, powers the infrastructure behind this new feature. Through ‘Mollie Connect’, Qonto users can generate payment links, track their status in real time, automate reconciliation, and receive funds directly into their Qonto account.
Instead of managing multiple providers or dealing with delays and high fees, businesses can now rely on a single embedded solution that links payment collection and financial management, available in France, Germany, and the Netherlands.
The collaboration also goes in the other direction. Mollie is integrating Qonto’s embedded banking solution, Qonto Embed, to offer its own customers business accounts with real-time insights, fast payouts, and access to tools like SEPA transfers, physical and virtual cards, and spending controls.
“This partnership with Mollie marks a milestone in our mission to simplify finance management for European businesses,” said Alexandre Prot, CEO & Co-Founder at Qonto. “Together, we’re uniting our strengths to build fintech champions that can compete on a global level.”
“This partnership is a game-changer for SMEs seeking fast, seamless, and fully integrated financial services,” added Koen Köppen, CEO at Mollie.
Read more global payment industry updates below 👇 and I'll be back with more tomorrow!
Cheers,
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PAYMENTS NEWS
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GOLDEN NUGGET
Welcome to 𝐓𝐡𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐀𝐜𝐚𝐝𝐞𝐦𝐲 by Checkout.com — Episode 12 👋 Created by Arthur Bedel
How 𝐀𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐌𝐞𝐭𝐡𝐨𝐝𝐬 (𝐀𝐏𝐌𝐬) can reduce 𝐂𝐡𝐚𝐫𝐠𝐞𝐛𝐚𝐜𝐤𝐬
► 𝐀𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐌𝐞𝐭𝐡𝐨𝐝𝐬 (APMs) are non-card payment options that offer consumers more flexibility while helping merchants combat chargebacks and fraud.
► They include bank transfers, digital wallets, Buy Now Pay Later (BNPL), real-time payments, stablecoins, and Wero by EPI Company
→ Note: Digital Wallets may also be wrappers for cards.
Types of 𝐀𝐏𝐌𝐬:
► 𝐁𝐚𝐧𝐤 𝐓𝐫𝐚𝐧𝐬𝐟𝐞𝐫𝐬: iDEAL (Netherlands), Bancontact Payconiq Company (Belgium), ACH & Aeropay (US)
► 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐖𝐚𝐥𝐥𝐞𝐭𝐬: PayPal, Alipay, Google Pay, ApplePay
► 𝐁𝐮𝐲 𝐍𝐨𝐰 𝐏𝐚𝐲 𝐋𝐚𝐭𝐞𝐫: Klarna, Afterpay, Affirm
► 𝐑𝐞𝐚𝐥-𝐓𝐢𝐦𝐞 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬: UPI (India), Pix (Brazil), SEPA Instant (Europe)
► 𝐖𝐞𝐫𝐨: Europe's new cross-border APM by EPI Company
Next Wave:
► 𝐒𝐭𝐚𝐛𝐥𝐞𝐜𝐨𝐢𝐧𝐬 (USDC, USDT, DAI...) and blockchain-solutions also do provide dispute systems via intermediaries.
Some of the Best APM Aggregators:
► PPRO
► CITCON
► Payplug
► Checkout.com
𝐖𝐡𝐲 𝐂𝐚𝐫𝐝 𝐂𝐡𝐚𝐫𝐠𝐞𝐛𝐚𝐜𝐤𝐬 𝐚𝐫𝐞 𝐡𝐚𝐫𝐝 𝐭𝐨 𝐰𝐢𝐧:
► 𝐈𝐬𝐬𝐮𝐞𝐫-𝐜𝐞𝐧𝐭𝐫𝐢𝐜: The cardholder’s bank usually drives the dispute process.
► 𝐅𝐫𝐢𝐞𝐧𝐝𝐥𝐲 𝐟𝐫𝐚𝐮𝐝: Customers falsely claim a charge was unauthorized.
► 𝐇𝐢𝐠𝐡 𝐞𝐯𝐢𝐝𝐞𝐧𝐜𝐞 𝐛𝐮𝐫𝐝𝐞𝐧: Merchants need to provide extensive documentation.
► 𝐋𝐨𝐰 𝐰𝐢𝐧 𝐫𝐚𝐭𝐞𝐬: Even with evidence, disputes often resolve in favor of the cardholder.
𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐀𝐏𝐌𝐬 𝐢𝐧 𝐑𝐞𝐝𝐮𝐜𝐢𝐧𝐠 𝐂𝐡𝐚𝐫𝐠𝐞𝐛𝐚𝐜𝐤𝐬:
✅ 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐀𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐚𝐭𝐢𝐨𝐧 — Many APMs require strong customer authentication (SCA), like biometrics or two-factor
✅ 𝐁𝐞𝐭𝐭𝐞𝐫 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬 — Tokenization, real-time fraud detection, and secure checkout flows lower unauthorized transactions.
✅ 𝐅𝐞𝐰𝐞𝐫 𝐅𝐫𝐚𝐮𝐝𝐮𝐥𝐞𝐧𝐭 𝐃𝐢𝐬𝐩𝐮𝐭𝐞𝐬 — APMs bypass traditional card rails, reducing the chances of chargeback fraud. Dispute processes are often more merchant-friendly or, in some cases, not available.
✅ 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐭 𝐃𝐢𝐬𝐩𝐮𝐭𝐞 𝐇𝐚𝐧𝐝𝐥𝐢𝐧𝐠 — APMs like PayPal and Alipay offer clear dispute resolution channels, with balanced reviews between buyer and seller.
✅ 𝐋𝐞𝐬𝐬 𝐓𝐢𝐦𝐞 𝐒𝐩𝐞𝐧𝐭 𝐨𝐧 𝐃𝐢𝐬𝐩𝐮𝐭𝐞𝐬 — Because fraudulent chargebacks are rarer with APMs, merchants spend less time gathering evidence
→ Alternative Payment Methods are exploding, and have been doing so for quite some time. It's crucial to adopt them as part of your payment strategy.
Source: Checkout.com x Connecting the dots in payments...
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