Dutch Payment Service Mollie Takes Bitcoin to 10,000+ Merchants

Dutch payments provider Mollie has now added bitcoin to its long list of online payment methods.

Established in 2004, Mollie is one of the leading payments services in the Netherlands, Belgium and Luxembourg, catering to more than 10,000 merchants across the Benelux region, according to the company.

The company says that the addition of bitcoin will allow thousands of merchants to start accepting the digital currency immediately, without the need for further integration.

Furthermore, merchants do not need to have any experience with bitcoin or even a bitcoin wallet to use the new service.

“Mollie accepts the bitcoin equivalent of the transaction amount and credits the online merchant’s euro account within two working days,” the company said. “The bitcoin-euro exchange rate is fixed at the time of payment and this amount as well as the payment is guaranteed.

Leading bitcoin payments processors BitPay and Coinbase use a similar approach, thereby eliminating volatility concerns.

Seamless transactions

Mollie says it can offer bitcoin services seamlessly and risk free, just as with any other online payment method.

Gaston Aussems, Mollie's CEO, believes a two-sided market is necessary for bitcoin payments to become commonplace. Effectively, there need to be enough customers able to pay with bitcoin and sufficient points of sales accepting them.

“We are convinced that, by making it simple and risk-free for online merchants to accept bitcoins, we are providing a major contribution to the mass adoption and use of bitcoin,” he said, adding.

“We believe in the future of cryptocurrencies, as their DNA matches that of online commerce: real time, low transaction costs and cross-border.”

Mollie’s API is integrated in leading shopping software platforms, such as Shopify, Magento, PrestaShop, SEOshop and OpenCart. The company itself is a licensed payments provider and it is regulated by the Dutch Central Bank.