Checkout.com Powers Vinted’s Growth, Advancing the Second-Hand Industry Through High-Performance Payments

  • Payments
  • 13.02.2025 11:35 am

Checkout.com, a leading global digital payments company, announces its partnership with Vinted, Europe’s leading online marketplace for second-hand fashion. 

With millions of members across 20+ countries, Vinted is revolutionizing the second-hand fashion industry by empowering individuals to buy and sell pre-loved items with ease through its digital platform. Through the partnership, Vinted has been able to further its mission by leveraging Checkout.com’s advanced payment technology to optimize 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 innovative payment solutions has supported this success. One key component has been Checkout.com’s Intelligent Acceptance offering, which delivers a boost in acceptance rates by applying bespoke AI optimizations 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% overall acceptance rate uplift on payments processed by Checkout.com in 2024.

These strong results have strengthened the partnership between Vinted and Checkout.com, which has grown significantly. Between June and November of last year, Vinted tripled the volume of transactions processed by Checkout.com, underscoring the measurable impact of high-performing payment infrastructure in supporting rapid growth.

Checkout.com’s deep regulatory expertise and localized 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, giving Vinted the flexibility and scalability needed to thrive in diverse markets.

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.”

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 secondhand fashion industry. Together, we’re empowering individuals and shaping the digital economy of tomorrow.”

Related News