Vinted Forms Payments Partnership with Checkout.com
Vinted reports a 4.15% overall acceptance rate uplift on payments processed by Checkout.com in 2024.
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PayTech firm Checkout.com has announced a partnership with Vinted, a European online marketplace for second hand fashion.
A key component of the tie up is the former’s Intelligent Acceptance offering, which aims to deliver a boost in acceptance rates by applying bespoke AI optimisations tailored to Vinted’s specific traffic patterns.
This has reduced failed transactions, driving greater engagement on the platform. As a result, Vinted reports a 4.15% overall acceptance rate uplift on payments processed by Checkout.com in 2024.
The latter’s regulatory expertise and localised acquiring network across Europe have been critical in enabling Vinted to navigate complex market demands. The partnership ensures compliance with region specific regulations while supporting local currencies.
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. Its 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.”
Antoine Nougué, Chief Revenue Officer at Checkout.com, said, “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 second hand fashion industry. Together, we’re empowering individuals and shaping the digital economy of tomorrow.”
