Frequently asked questions*

Mondu is a Berlin-based fintech company that enables B2B merchants and marketplaces to offer Buy Now, Pay Later payment methods to their business customers. These methods let customers buy goods and services and pay for them at a later date. Mondu’s payment methods include purchase on account by bank transfer, purchase on account by SEPA direct debit and purchase by installments. 

Merchants get paid promptly after placing an order with Mondu and are thus protected from the risk of default. They also save themselves from operational tasks involved in dunning and collection procedures.

With Mondu’s payment solution for online checkout, merchants and marketplaces can offer their business customers the most popular payment methods in B2B: Invoice Purchase, SEPA Direct Debit and Installments. Offering these methods enables an increase in conversion rate by around 40% and a growth in average shopping cart size by 60%, according to Mondu’s data. 

Mondu also ensures a fast payout after each invoice, takes on the default risk and reduces the operational tasks associated with payment allocation. In the event of a missed payment deadline, we take care of the dunning process and, if necessary, initiate the collection procedure.

​​According to surveys by ibi Research, 95% of all companies in Germany would like flexible payment terms for online purchases. However, only 45% of all B2B web stores currently offer Buy Now, Pay Later to existing and new customers at their checkout.

Merchants and marketplaces that offer flexible payment terms can gain a competitive advantage while increasing their conversion rate, average order values and sales. 

For buyers, payment terms have a positive effect on cash flow. This is a critical benefit, especially in times of inflation, that can help merchants and marketplaces attract and convert new buyers.

Mondu has high acceptance rates and provides real-time approval. A credit check is run in the background using an algorithm to authenticate B2B buyers. The decision is made within 0.2 seconds. Mondu accepts up to 90% of shoppers in the checkout (including new customers) and supports large basket sizes.

We aim to offer B2B buyers the same payment experience as in B2C. That’s why our acceptance rate for business customers is also around 90%. We offer B2B customers unmatched added value at the checkout, while merchants benefit from increased sales thanks to our high acceptance rates.

The security of your data is of the highest importance to us. We only store data that is relevant for identification and credit assessment. You can find more information here.

With Mondu, merchants can integrate various Buy Now, Pay Later payment methods into their checkout. Currently, Mondu offers invoice payment by bank transfer, invoice payment by SEPA direct debit, and installments.

Typically, buyers can pay their invoice in 30, 45, 60 or 90 days or 3, 6 or 12 monthly installments via Mondu’s installments plan.