10. July 2020
If you have an online shop, then you need a way to accept payments from your customers. The more payment methods you can accept, the better, as more customers will choose to buy from you. Therefore, in this article we would like to introduce you to a provider who would like to take care of this problem for you.
What is Mollie?
Mollie is a provider that handles payments for online shops. Mollie is not a payment method in its own right, like PayPal, but a provider that processes payments from many different payment methods for you. This is especially necessary because as an online shop operator you cannot simply accept payments with any payment method without someone to accept and process these payments for you. This is exactly the role Mollie wants to take on.
The company was founded in 2004 in the Netherlands and is today already an international company with branches in the Netherlands, Belgium, France and Germany. Mollie describes itself as the biggest innovator in the field of “Payment Service Providers” (PSP). The company owes this success to its young and ingenious team.
Which payment methods does Mollie support?
Of course, it is important that a Payment Service Provider supports as many payment methods as possible, so that you as an online shop operator can accept as many payments as possible. This is another plus point for Mollie. Mollie enables its users to activate a variety of payment methods with one click. These include modern and new methods, such as Apple Pay, but also tried and tested methods such as the normal bank transfer. Mollie enables you to accept payments from the following providers:
- Apple Pay
- Credit cards (Visa, Mastercard etc.)
- Belfius Direct Net
- ING Home’Pay
- Carte Bancaire
- Bank transfer
- KBC/CBC payment button
- Instant banking
From this long list you can see that you will have no problems accepting payments from many different providers. There are also many international and regional payment methods, which means you can also accept international payments with payment providers that are often used locally. This will increase your potential customer base enormously.
How much does Mollie cost?
Many payment service providers charge monthly fees for using their services. However, especially for new online shops, which only generate low sales so far, monthly fees are often a problem. Instead, Mollie pursues a different payment model, which even small and new online shops can afford.
Instead of a monthly fee, with Mollie you pay per transaction. This means that you don’t have to pay money if you don’t have any transactions. In this way, you can survive even very bad months without being burdened by fees for the payment service provider.
With this payment model, Mollie has established itself as a very good service payment provider, which is also very popular with small drop shipping shops.
How do I register with Mollie?
Once you have chosen Mollie, all you have to do is register on the platform. However, there are a number of conditions you must meet to register your online shop. Of course, your company must be officially registered, otherwise you can open your account with Mollie. You must also tell the platform if you sell products that are not allowed to be sold to minors, such as alcohol.
If you meet these conditions, you can start with the registration. First of all, as is the case everywhere, you will need your name, e-mail and a password. After you have entered these details, the platform will ask you for more information about your company. For example, you will need to provide your tax number so that the revenue can be correctly transferred to the tax office. You will also need your own identification card so that you can confirm your identity.
After that you will be asked to verify your website with Mollie. This is not difficult and should be completed relatively quickly. After that you only need to confirm your bank account details so that you can receive payments from Mollie. Now you can choose which payment methods you want to offer and you can instantly start your e-commerce business.
How do I connect my online shop to Mollie?
If you want to accept payments with the help of Mollie, you need to connect your online shop. This is very simple. You have two options to connect your online shop. Firstly, you can use a plugin for supported shop systems or you can use an API key. Popular systems like WooCommerce or Shopware are supported by Mollie, so you only have to install the plugin to connect your shop to Mollie.
API keys are a bit harder to use, but they are also useful for non-experts without any previous knowledge. An API key is a code that you have to insert in the shop’s settings. Mollie then scans your shop for this key. If the key is found, Mollie knows that the online shop belongs to you.
Why should I choose Mollie?
There are many reasons why Mollie as a payment service provider is very advantageous for online shops. The first argument for Mollie is of course the payment model, which we discussed in detail in a previous part of this post. However, there are also other arguments that have not yet been mentioned, such as the simple overview at Mollie.
The clear design of Mollie should make it very easy for you to keep track of all payments for your online shop. You will be shown the exact amount of each payment, which payment provider was used and the total revenue of your shop will also be shown. This way you can track every single payment. This is very handy if you want to know which payment method is most popular in your shop or which payment method brings you the most revenue. In the shop, the customer is also provided with a very modern and intuitive payment interface that truly invites you to pay and also complies with all modern security standards.
Another argument for Mollie is of course the large number of possible payment methods you can offer for your online shop. Therefore, we see Mollie as a very good alternative for online shops of any kind. Large and established shops, but also small or new shops can use Mollie just as well. For this reason, we recommend that you find out more about Mollie and visit the website of the provider.
We are happy too to use the payment provider Mollie for our e-commerce projects. So feel free to contact us if you want to start your online shop or take it to the next level.