Vinted Forms Payments Partnership with Checkout.com

Martechvibe

14-02-2025

Vinted reports a 4.15% overall acceptance rate uplift on payments processed by Checkout.com in 2024.
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.'
The Martechvibe team works with a staff of in-house writers and industry experts.
View More Checkout.comonline marketplacePaymentsVinted
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Contentstack is a headless CMS and Composable Digital Experience Platform (DXP) solution provider that helps marketers gain a competitive edge. It recently launched into Google Cloud Marketplace, and is also available on Microsoft Azure and AWS. It seamlessly enables mid-market brands to adopt its omnichannel campaign engine to drive higher conversions and sales.
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Bloomreach Commerce Experience Cloud provides businesses an edge with its modular capabilities: Content Management System (CMS), Discovery features for search and merchandising optimisation, and Engagement tools such as Customer Data Platforms (CDP) for personalisation and analytics.
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Adobe Experience Cloud offers a comprehensive set of services specifically designed to address the day-to-day requirements for personalised customer experience at scale. Its platform helps manage different digital content and assets to improve customer satisfaction. Some of its products include Adobe Gen Studio, Experience Manager Sites, Real-time CDP, and Marketo Engage.
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