Checkout.com and Vinted Partner to Enhance Digital Payments

Europe’s largest online marketplace for second-hand fashion, Vinted, has collaborated with the global payments provider, Checkout.com, to help meet the increasing consumer expectations for secure and fast transactions that align with ethical values.

This collaboration will allow Vinted to utilise Checkout.com’s payment technology to support its growing user base and enhance transaction performance.

As the second-hand fashion market continues to grow - with 63% of British adults buying pre-loved items in 2024 - this partnership will allow Vinted to utilise advanced payment technologies to meet eco-conscious consumer values and enhance user experiences. 

Antoine Nougué,  Chief Revenue Officer at Checkout.com, explains: “This partnership reflects our shared vision for the future of digital commerce. 

“Through our advanced, modular technology and a relentless focus on payment performance, we’re helping Vinted achieve operational excellence while setting new standards for the secondhand fashion industry. Together, we’re empowering individuals and shaping the digital economy of tomorrow.”

How will this partnership support Vinted’s mission?

Vinted’s latest partnership with Checkout.com will its mission to make second-hand fashion the first choice.

Checkout.com’s Intelligence Acceptance technology has resulted in Vinted experiencing a 4.15% increase in payment acceptance rates since 2024. This helps to improve user trust and reduce transaction failures.

This has also catalysed greater engagement across the platform, with Vinted tripling its transaction volume with Checkout.com between June and November 2024. 

Vinted can also effectively expand into diverse markets, support several currencies and navigate regional regulations by utilising Checkout.com’s regulatory expertise and localised acquiring network.

As a result of this partnership, these two organisations are driving sustainable digital commerce and ensuring technology remains aligned with eco-conscious demands from consumers.

Modestas Tursa, VP Payments, at Vinted, states: “Delivering exceptional digital experiences is core to our mission of making second-hand first choice, and our partnership with Checkout.com has been instrumental in helping us achieve that. 

“Checkout.com’s powerful technology and deep expertise across European and UK markets allow us to scale confidently while achieving high-performance payments and delivering the digital experience our users expect.”

Meet Checkout.com

Checkout.com is a leading global digital payments platform that provides several payment processing solutions for businesses.

The organisation provides a diverse range of services, such as fraud detection, online payment acceptance, real-time analytics and payment optimisation.

Its modular technology improves customer experience transaction performance by allowing businesses to customise their payment solutions to individual customers’ needs. 

Checkout.com works alongside many brands across industries, such as retail, fintech, e-commerce and digital platforms.

Its AI-powered payment optimisation tools help businesses scale their operations, grow effectively, drive customer engagement and navigate the changes in our digital economy.

What impact will this partnership have on the future of the digital economy?

Vinted and Checkout.com’s partnership will enhance the digital economy, particularly in the second-hand fashion industry.

With Vinted experiencing an increase in payment acceptance rates, its partnership with Checkout.com will help to enhance user engagement and trust across the platform.

It also highlights how personalised payment infrastructures can drive growth in the digital economy, with specific AI technologies crafted to Vinted’s traffic patterns.

As consumer expectations begin to focus on environmental responsibility and affordability, this collaboration will drive greater interaction in the circular economy. This will help to promote sustainable practices and reduce waste.

As the digital economy continues to grow, Vinted and Checkout.com’s partnership showcases how partnerships can help foster trust and support the growth of sustainable business models to meet changing consumer demands. 

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