Norway is a market with substantial purchasing power in corporate sectors such as energy, shipping, and fisheries, and in business-to-business trade, the standard practice is to receive an invoice and pay at maturity. Billie carries this practice over into online B2B checkout, offering purchasing companies the deferred terms they are used to while giving sellers a guaranteed collection of funds. It is a B2B-only method that does not apply to B2C sales.

Korean businesses that sell industrial goods and components, office and business equipment, or enterprise software online to corporate customers in Norway are the intended audience. The motivation for adoption is being able to accommodate purchasing companies' payment-term requirements (such as payment 30 days later) while reducing the burden of managing receivables.

When the purchasing company selects Billie's deferred payment at checkout, a real-time credit assessment of that company is performed, and once approved, Billie confirms payment to the seller while the purchasing company pays the invoice at the agreed maturity (for example, 30 days). From the seller's perspective, the defining feature is that the flow of funds is confirmed independently of whether the purchasing company actually pays, and the flow includes a step for entering the company information needed for the assessment.

Because Billie is a B2B-only method, when consulting with Hecto Financial, viability is reviewed based on the buyer structure (corporate customers in Norway) and the transaction type. Whether a contract is possible on the basis of a Korea-registered entity, and the settlement cycle, fees, and currency options, need to be confirmed in advance.

• Business registration country

  Confirm whether a contract is possible on the basis of a Korea-registered business

• Sales channels

  The integration method and priority vary depending on your online sales channel mix, such as your own storefront, open marketplaces, or mobile apps

• Product categories handled

  Advance confirmation is needed on whether your business falls under a category restricted by Billie's operator merchant policy

• Regulatory environment

  As an EEA member, Norway applies EU payment rules such as PSD2 and Strong Customer Authentication (SCA), with oversight handled by Finanstilsynet (the Financial Supervisory Authority of Norway) (see official sources below)

Proceeds from approved B2B transactions arise in NOK, and Hecto Financial receives them, converts them, and settles to the Korean merchant in whichever of USD, KRW, or JPY was selected in the contract. A key point to note is the distinction from consumer-facing rules: the 14-day right of withdrawal that applies to consumers under the EEA does not, in principle, apply to B2B transactions, so return and cancellation terms must be set through the trading agreement with the purchasing company rather than consumer law.

• Norges Bank (Central Bank of Norway)The official source for operation and oversight of Norway's payment system and payment trend reports.
• Financial Supervisory Authority of Norway (Finanstilsynet)The supervisory authority for payment service and e-money providers. Where this page differs from actual regulations, the official source takes precedence.