Checkout.com, a digital payments company, has announced details of its partnership with Vinted, Europe’s online marketplace for second-hand fashion.
With millions of members across 20+ countries, Vinted is revolutionising the second-hand fashion industry by empowering individuals to buy and sell pre-loved items through its digital platform. Through the partnership, Vinted has been able to further its mission by leveraging Checkout.com’s advanced payment technology to optimise transaction performance and support its growing user base. Not only has this improved Vinted’s payment performance, but it has resulted in an improved digital experience for its customers.
The use of Checkout.com’s payment solutions has supported this success. One key component has been its Intelligent Acceptance offering, which boosts acceptance rates by applying bespoke AI optimisations tailored to Vinted’s specific traffic patterns. These data-driven improvements have reduced failed transactions and strengthened user trust, driving greater engagement on the platform. As a result, Vinted experienced a 4.15 per cent overall acceptance rate uplift on payments processed by Checkout.com in 2024.
Modestas Tursa, VP Payments, at Vinted, said “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.”
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