Every European buy now pay later provider reviewed
Neuilly-sur-Seine, France
No set-up or monthly charge in the standard offer below €1M turnover; per-product rates sit on the pricing page, where 2 instalments show 3.60% excl. VAT and pay later at 15 days shows 4.20%
Demo on request
Best for: Shops in France and the Benelux countries that want to read their rates before signing
Alma is the entry point for a European shop that wants to price a buy now pay later option without a sales call. The pricing page lists a rate for each payment product, states that the standard offer needs no application, set-up or monthly charge up to €1M of turnover, and says the shop is paid in full whether or not the shopper keeps to the plan. The rates rise for pay later and for American Express or business cards.
Alma SAS is registered in Neuilly-sur-Seine (RCS Nanterre 839 100 575), and its country selector lists eight countries from France to Portugal. The products are payment in 2, 3 or 4 instalments, pay later at 15 or 30 days and a cash payment. Its 10 and 12 instalment plans are still a waiting list, and there is no B2B offer, which the Alma page itself points to Mondu or Hokodo for.
What Alma does well
- Publishes a fee for each payment product
- No application, set-up or monthly charge in the standard offer
- Pays the merchant in full even when shoppers are late
- Handles online, store and payment-link sales
- Free sandbox to test the integration
Where Alma falls short
- Pay later and American Express or business cards cost more
- The 10 to 12 instalment plan is a waiting list
- No B2B terms, consumer sales only
- Above €1M turnover the offer becomes custom
Standout feature. Alma gives a merchant a rate table before any conversation with sales.
Amsterdam, Netherlands
No price list; each merchant agrees its own terms
Demo on request
Best for: B2B shops, marketplaces and sales teams that invoice their customers
Mondu covers the ways a business buyer pays: an invoice of 30 to 90 days, instalments over 3, 6 or 12 months, a digital trade account with one monthly statement, and an immediate account-to-account payment. In each case the seller receives the money up front, and the platform handles credit checks, dunning, reconciliation and links to ERP and CRM systems.
Mondu Financial Services B.V. is registered in Amsterdam (KvK 86653938) with an e-money institution licence from De Nederlandsche Bank, number R193672, and notes an FCA registration for the UK. The pages checked give no founding year and no fees. One unusual lever: a seller can approve an order Mondu declines and accept the non-payment risk itself.
What Mondu does well
- Dutch e-money licence with the number printed
- Invoice, instalments, trade account and immediate payment under one agreement
- Seller paid up front
- Seller may accept an order Mondu would decline
- Dunning, reconciliation and ERP links included
Where Mondu falls short
- Fees are not listed
- Business buyers only
- Payout terms differ per merchant
- Founding year and headquarters not on the pages read
Standout feature. Mondu is the one provider where the seller can overrule a credit decline and take the risk.
Milan, Italy
No price list; the merchant page only offers a contact form
Demo on request
Best for: Italian fashion, beauty and home shops that also want to sell in other euro-area countries
Scalapay offers the plainest version of the product: the shopper picks it at checkout, opens an account in a couple of minutes and pays in three or four instalments without interest on a Visa, Mastercard or American Express card. Per its merchant page, the shop gets the full amount at once and Scalapay absorbs the risk of missed payments.
SCALAPAY S.R.L. has its seat at Via Nervesa 21 in Milan (REA MI-2606390). The country picker offers Italy, France, Germany, Spain, Portugal, Austria, Belgium, the Netherlands and Finland. Online shops use plugins or the developer portal, and physical shops use a barcode that the customer shows at the counter. Merchant counts on the site disagree, so none is quoted here.
What Scalapay does well
- Shoppers pay in 3 or 4 without interest
- The merchant receives the whole amount at once
- Pay-by-link for sales over message or email
- Nine country sites
- Plugins and a developer portal
Where Scalapay falls short
- No fees shown, only a contact form
- Instalments only, no invoice option
- Partner counts differ between its own pages
- The most detailed merchant text is in Italian
Standout feature. Scalapay reaches nine European country sites from a single merchant contract in Milan.
Barcelona, Spain
Not published
Demo on request
Best for: Merchants in Spain, France, Italy and Portugal selling higher-priced goods or courses
SeQura stretches the payment beyond the short split: pay later up to 30 days, monthly instalments up to 24 months and a split in 3, plus recurring plans for subscriptions. It also ships vertical packages, such as eduQa for course sellers, optiQa for opticians who bill glasses monthly, and a travel offer with up to 12 instalments including international flights.
The legal notice names SEQURA WORLDWIDE, S.A., tax number A66054164, at Calle Alí Bei 7-9 in Barcelona. The consumer pages carry a Spain, France, Italy and Portugal selector, and the merchant page says Germany and the US are coming. Several financial-service documents show as pending on the legal page, and no fees appear anywhere.
What SeQura does well
- Pay later and plans reaching 24 months
- Separate packages for education, optical, travel and repair sellers
- Online, in-store and phone sales covered
- Barcelona company with a register entry
- Sandbox login available
Where SeQura falls short
- Coverage limited to southern Europe for now
- Fees not published
- Some legal documents marked as pending
- The cashback app is not relevant to every shop
Standout feature. SeQura sells ready-made payment packages for course providers, opticians and travel sellers.
Berlin, Germany
Founded 2017
Fees are set in each merchant contract and not listed publicly
Demo on request
Best for: B2B shops that already use Stripe, Adyen or Mollie and want to add invoice terms
Billie pays the merchant immediately for every order and carries the buyer's payment risk itself. It offers three checkout choices for a business customer: Pay Later with net terms after delivery, Pay in X as instalments, and Pay on Account as a standing credit line. It is not a card processor, which is why it appears inside Stripe, Adyen, Mollie and Klarna as a payment method.
Billie GmbH is registered in Berlin (Amtsgericht Charlottenburg, HRB 182428 B), supervised by BaFin, and states Germany as its data location. It was incorporated in December 2016 and renamed Billie in March 2017. The company reports more than €3 billion in volume, over 9,000 merchants and 1.3 million active business buyers; those are its own figures.
What Billie does well
- Seller is paid upfront whatever the buyer does
- Pay later, instalments or a trade account at checkout
- BaFin supervision in Germany
- Appears as a payment method in Stripe, Adyen, Mollie and Klarna
- Self-reported scale of 9,000 merchants and 1.3 million buyers
Where Billie falls short
- Fees are set per contract and not listed
- Business invoices only, no consumer or card processing
- Credit and fraud checks add underwriting work
- Younger and smaller than card and bank-transfer processors
Standout feature. Billie turns B2B invoice credit into a payment method that sits inside processors a shop already uses.
London, United Kingdom
No price list; pricing follows a demo request
Demo on request
Best for: B2B sellers that want invoice terms at checkout without their own credit-control team
Two sells order-to-cash automation for business sales: the buyer gets terms in seconds, Two raises the invoice, sends reminders and collects, and the seller is paid upfront. Guest buyers need no sign-up, repeat buyers can use a trade account, and a separate instalments product spreads large orders across 36 or more months with the seller paid in full.
The buyer terms identify TWO B2B LTD, registered in England and Wales (company number 13078389) at 4 Crown Place in London, and the company lists offices in Oslo, London, Glasgow and Stockholm. Two names its credit engine Delphi and its fraud engine Frida, and quotes figures such as €1B+ in volume and 19 markets, all of which are its own statements.
What Two does well
- Guest buyers get terms without registering
- Seller paid upfront while Two takes the default risk
- Instalments reach 36 months and beyond
- Collection and reminders automated
- Offices in Oslo, London and Stockholm
Where Two falls short
- Pricing only after a demo request
- Business buyers only
- Merchant-side contracting entity not found on the pages read
- Volume and performance numbers come from Two itself
Standout feature. Two extends invoice terms to a buyer who has never ordered before and never signed up.
Paris, France
No price list; pricing follows a demo request
Demo on request
Best for: French travel, mobility, retail and leisure merchants selling by phone and in store as well as online
Pledg presents payment as a configurable facility rather than one fixed button. The merchant picks the channel (web, store or call centre), the payment method and the schedule, from a split in 2, 3 or 4 to a deferred payment. Pledg says it runs scoring, collections, refunds and accounting reconciliation, and the shop is paid immediately for the full purchase.
Pledg SAS is at 55 rue de la Boétie in Paris (RCS Paris B 823 495 544), and since February 2024 it has been wholly owned by Crédit Agricole Personal Finance & Mobility, which operates the Sofinco brand. The legal notice names OVH in Roubaix as host of the website. The site is in French, shows no fees and lists no countries.
What Pledg does well
- Owned by a French bank group (Crédit Agricole Personal Finance & Mobility)
- Online, in-store and call-centre sales
- Immediate payout and refunds handled by Pledg
- Accounting reconciliation done automatically
- Scoring and collections run in-house
Where Pledg falls short
- Site is in French
- No fees or country list given
- Real estate and services verticals marked coming soon
- Consumer credit only
Standout feature. Pledg sells the same split-payment facility through web checkout, shop counters and call-centre scripts.
London, United Kingdom
No price list; modules are billed on a 'pay for what you use' basis
Demo on request
Best for: B2B marketplaces and suppliers of industrial, building and food products
Hokodo offers a short product list for business buyers: 30, 60 or 90 day terms, trade accounts with one consolidated invoice per billing period, instalments paid monthly or every two weeks, and a plan that takes part of the sum now and part later in one checkout. It states that the payments are insured through Lloyd's of London, and merchants pay only for the modules they use.
The footer lists three entities in three countries: Hokodo Services Limited with FCA registration 969484, Hokodo SAS on the ORIAS register (19001909) as an insurance intermediary, and UAB Hokodo, an e-money institution licensed by the Bank of Lithuania (licence 44). The terms PDF was not read, so which entity a merchant signs with is open.
What Hokodo does well
- FCA, ORIAS and Bank of Lithuania registrations listed
- Terms of 30, 60 or 90 days and trade accounts
- Lloyd's of London insurance, as the site says
- Pay for the modules you use
- Privacy policy offered in Spanish
Where Hokodo falls short
- No public pricing
- It must be confirmed which entity contracts with the merchant
- Business buyers only
- Conversion and order-value claims are its own
Standout feature. Hokodo says insurers, not its own balance sheet, stand behind the payment risk.
Luxembourg, Luxembourg
No price list; sales contact required
Demo on request
Best for: Mid-size and large retailers that want invoice payment with collection handled by the same group
Riverty covers the checkout and what comes after it. The payment side lists invoice at 14 or 30 days, monthly invoice, fixed instalments, pay in 3 and direct debit, and the same group also offers debt collection, purchase of debts, factoring and invoicing as a service. A merchant can keep a late invoice inside one supplier from the first reminder to the collection case.
The buyer terms name Riverty Bank S.A., 43 Boulevard Pierre Frieden in Luxembourg, as the party that provides the invoice and direct-debit methods with the merchant. The group grew from a Bertelsmann finance arm and traded as Arvato Financial Solutions, AfterPay and Paigo before the Riverty name in 2022. The business site claims over 7,000 retailers and 32 locations.
What Riverty does well
- A named Luxembourg bank as contract party
- Invoice, monthly invoice, instalments, pay in 3 and direct debit
- Collection and factoring in the same group
- Reached through Mollie and Adyen
- 32 locations across Europe, as the site states
Where Riverty falls short
- Merchant fees not published
- The wide range lengthens onboarding
- Several former brand names to trace
- Consumer credit rules vary by country
Standout feature. Riverty keeps checkout credit, collections and factoring under one roof.
Gothenburg, Sweden
Not published
Demo on request
Best for: Merchants in Sweden, Finland and Norway that want invoice credit from a bank
Walley is the payments brand of Norion Bank AB, whose privacy notice names the bank as data controller and lists three brands: Norion Bank, Walley and Collector. A merchant can switch on pay now and pay later options, instalment variants, cards and invoices, together with Swish, Vipps and MobilePay. A separate B2B checkout is listed, and shoppers can postpone or split a purchase in the Walley app.
The Walley address is Lilla Bommens Torg 11 in Gothenburg and the organisation number is 556597-0513. A 2023 notice on the site refers to Collector Bank AB, the earlier name. The country choices are Sweden, Finland and Norway, nearly all pages are in Swedish and no price is shown.
What Walley does well
- Run by a Swedish bank (Norion Bank AB)
- Local methods Swish, Vipps and MobilePay next to invoice and instalments
- A B2B checkout exists
- The app lets shoppers move due dates
- Merchant hub and developer portal
Where Walley falls short
- Pages are largely in Swedish
- Prices are not shown
- Only the Nordic countries
- Contracts follow a bank group with other brands
Standout feature. Walley puts Swish, Vipps and MobilePay in the same checkout as bank-run credit.
United Kingdom, United Kingdom
No price found on the pages checked
Demo on request
Best for: UK shops whose higher-priced orders are refused by other lenders
Payl8r lends £50 to £3,000 over 3 to 24 months and positions itself as a first or second line: it takes applications another lender has declined. It runs real-time affordability checks through Open Banking, can make a counter offer with a different amount, and states a guaranteed payout to merchants within one business day, with no turnover threshold.
Social Money Ltd trades as Payl8r, registered in England (company number 08054296) and FCA-authorised under reference 675283. Merchants become introducer appointed representatives under its permissions, which avoids a credit licence of their own, but they must sign an agreement and complete training. They need a UK limited company or sole trader with three months of trading. The pricing page was not read.
What Payl8r does well
- FCA reference number stated
- Second-line lending for declined applicants
- Merchant needs no credit licence of its own
- Payout within one business day, as stated
- Open Banking affordability checks
Where Payl8r falls short
- Merchants in the UK only
- Orders capped at £3,000
- Shoppers take regulated loans, not interest-free splits
- Agreement and training needed before go-live
Standout feature. Payl8r lends to applicants who have already been turned down elsewhere.
London, United Kingdom
Founded 2018
Retailers are charged per purchase at unpublished rates; shopper plans are Standard (free), Extra (£2.99 a month) and Plus (£4.99 a month)
Demo on request
Best for: UK retailers who want to pay only when Zilch sends a completing customer
Zilch is a wallet and Visa card first and a checkout module second. Shoppers get a digital or physical card, so it works wherever Visa is accepted and can sit in Apple Pay or Google Pay, with credit from £50 to £4,500 and a representative APR of 14.9% shown on the UK page. The plans are pay now, pay over 6 weeks and pay over 3 months.
Zilch Technology Limited is registered in England and Wales (company number 11488502) at 111 Buckingham Palace Road, London, authorised by the FCA, and says it was founded in 2018. Its retailer page says retailers pay nothing unless a customer buys, needs no integration and works through affiliate-style tracking, naming QVC, Iceland and Morrisons. The claim of more than 3 million customers is its own.
What Zilch does well
- Retailer charged only on completed purchases
- Usable anywhere Visa is accepted
- FCA-authorised UK company with a number
- Works inside Apple Pay and Google Pay
- Rewards for paying members bring shoppers back
Where Zilch falls short
- UK residents only
- Retailer rates are not published
- Little control over the shopper journey
- Shoppers carry APR and fees
Standout feature. Zilch bills the retailer only for purchases, since the card brings its own shoppers.
