With Mollie Recurring, your consumer authorizes you to direct debit an account using their favorite payment method. To be more specific, the first payment can be made via iDEAL, Bancontact, credit card, SOFORT or Belfius. After the consumer has issued a mandate with this first payment, you inform us of how much and when you would like to collect. We take care of the rest.
The possibilities of Recurring are endless. Many different types of companies can use it and endless numbers of applications can be thought up. Please find a number of examples below.
Subscriptions. For instance:
- Magazines – Voetbal International
- Razor blades – Boldking
- Food – HelloFresh
- Frequent payments and micropayments. For instance:
- Summaries – Stuvia
- Other – uButler
Deferred payment. For instance:
- Electronics – Mediamarkt
Down payments. For instance:
- Kitchens – Superkeuken
- Tesla cars – Mister Green
NB: The above-mentioned examples are not necessarily merchants of Mollie, but are mentioned because many people are familiar with them.
Are you offering a subscription against a fixed amount per period? In that case, you can also use our Subscriptions API.