Online second hand fashion marketplace Vinted inks payments partnership deal with Checkout.com

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, says: “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, says: “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.”

2025 RTIH INNOVATION AWARDS

Payments will be a key focus area at the 2025 RTIH Innovation Awards.

The awards. which will open for entries in March, celebrate global tech innovation in a fast moving omnichannel world.

Our 2024 hall of fame entrants were revealed during an event which took place at RIBA’s 66 Portland Place HQ in Central London on 21st November, and consisted of a drinks reception, three course meal, and awards ceremony presided over by comedian Lucy Porter.

In his welcome speech, Scott Thompson, Founder and Editor, RTIH, said: “The event is now into its sixth year and what a journey it has been. The awards started life as an online only affair during the Covid outbreak, before launching as a small scale in real life event and growing year on year to the point where we’re now selling out this fine, historic venue.”

He added: “Congratulations to all of our finalists. Many submissions did not make it through to the final stage, and getting to this point is no mean feat. Checkout-free stores, automated supply chains, immersive experiences, on-demand delivery, next generation loyalty offerings, inclusive retail, green technology. We’ve got all the cool stuff covered this evening.”

“But just importantly we’ve got lots of great examples of companies taking innovative tech and making it usable in everyday operations - resulting in more efficiency and profitability in all areas.”

Congratulations to our 2024 winners, and a big thank you to our sponsors, judging panel, the legend that is Lucy Porter, and all those who attended November's gathering. 

For further information on the 2025 RTIH Innovation Awards, please fill in the below form and we will get back to you asap.