Billie is a German company specializing in financial services and installment payments. The Billie payment method allows consumers to make online purchases and pay later in installments.
The process is straightforward: when making a payment on a partner merchant’s website, customers can choose the Billie payment option. They then need to provide some personal information and verify their identity. Once approved, the total amount of the purchase is divided into several equal monthly installments.
Users can select the repayment duration that suits them best, typically ranging from 3 to 12 months. Interest may apply depending on the chosen duration, but these fees are clearly stated before finalizing the purchase.
One of the advantages of the Billie payment method is its simplicity. Customers do not need to open a separate account or provide additional banking information. The payment is directly made from their existing bank account.
Billie conducts a solvency check before approving an installment payment request. This means that not all users will be automatically accepted. The approval decision is based on various factors, such as the customer’s credit history and repayment capacity.