The move means their customers can receive payments in multiple currencies. It was brought about by growing customer demand to internationalize the company as their customer base grew.
As a part of their efforts to enhance their international capabilities, the outfit moved to give their clients greater access to new markets through making international payments easier. Adriaan Mol, founder of Mollie, remarks: “Our customers grew and so did we. For Mollie growing meant internationalizing, not just our own business, but also offering our merchants to go international.”
The multicurrency feature enables clients to accept payments from international credit cards. When payments are accepted in a non-Euro currency, Mollie converts the amount to Euros. Mollie currently accepts 18 currencies including AUD, CAD, JPY, SEK, CHF, USD, HKD, and PLN.
Recently, the company expanded to Germany and France. It also acquired Paycheckout and Qantani’s client portfolios. In addition to these expansions, it, along with Dealer4Dealer, rolled out a fully automated invoice reconciliation module, which is available to Exact Online and Mollie clients.
By Elliot Lyons, Research Analyst