Mollie Increases In-Person Transactions with the Introduction of a Payment Terminal

European payments fintech company, Mollie, has announced the release of its new point-of-sale (POS) terminal, aimed at enhancing its in-person payment capabilities. The Mollie Terminal operates through a single application programming interface (API), enabling seamless integration for both online and in-person transactions, and accepts various payment methods and digital wallets. The device, which can connect via 4G and Wi-Fi, is pre-configured and sent to merchants, allowing them to start accepting payments immediately.

With the introduction of the Mollie Terminal, merchants can now conveniently report, reconcile, and settle all processed payments using the Mollie Dashboard. This eliminates the need for cumbersome paper-based tasks typically associated with daily closings. The Dutch company developed the terminal in response to the growing demand from its customer base of 130,000, many of whom run both online and physical stores.

In addition to the new hardware, Mollie already offers in-person payment support using QR codes and has plans to launch Tap to Pay for Android devices later this year. The initial rollout of the Mollie Terminal will be available to customers in Belgium, Germany, and the Netherlands, with future plans to expand to other European markets in the coming months.

Koen Koppen, CEO of Mollie, views the launch of the Mollie Terminal as a significant milestone and a crucial addition to their in-person payment solutions, further solidifying their position in the unified commerce payments market.

«Mollie Terminal is an important milestone launch and a critical part of our in-person payments offering, further strengthening our position in the unified commerce payments market,» says Koen Koppen, CEO of Mollie.

This article is based on the news published on May 24, 2023, by Finextra.