Ratepay

Rechnungskauf, the German habit of paying by invoice after the goods arrive, is the payment method Ratepay built its business on. Ratepay says its "Pay in 30 days" option, which is that invoice purchase, is chosen by every fourth shopper at checkout across the region it serves. The company was founded in Berlin in 2009 and today supplies buy now, pay later options to online merchants in Germany, Austria, Switzerland and the Netherlands.

Invoice, direct debit and Pay in 3

Three products are listed. Invoice and Direct Debit lets the shopper pay within 30 days, and Ratepay says it is used in up to 60 percent of checkouts where it is offered. A Hosted Payment Page runs the same invoice and direct debit options on a page Ratepay hosts, styled to the merchant's brand, for shops that want no heavy integration. Pay in 3 splits a purchase into three interest-free instalments. Integration is by API, with performance dashboards and real-time monitoring for the merchant.

A checkout that keeps the merchant's brand

The pitch is white label. Ratepay says there are no redirects, no provider logos and no third-party sign-ups at checkout, and that invoices, reminders, a buyer portal with QR code payments and customer service replies go out in the merchant's name. The site says it does not upsell, cross-sell or trade customer data, and that data is used only for payment processing. Its own figures claim 54 percent more conversions, a 16 percent higher average order value and 50 percent less cart abandonment when its BNPL is offered, and use cases are written for fashion, home and living, consumer electronics and travel.

BaFin supervision and Nexi Group

Ratepay states that it works under ZAG, PSD2, GDPR and anti-money-laundering rules and is supervised by BaFin, the German financial regulator. It became an independent brand within Nexi Group in 2021, and the pages read describe it as part of that group. Partners named on the site include Adyen, PayPal, Consors Finanz and Unicredit.

Key facts

Company: Ratepay GmbH Founded: 2009, Berlin Headquarters: Berlin, with about 200 employees (company statement) Markets: Germany, Austria, Switzerland and the Netherlands Regulator: BaFin Group: independent brand within Nexi Group since 2021, per the pages read Products: Invoice and Direct Debit, Hosted Payment Page, Pay in 3 Chief product officer: Carlos Sanchez