Zip Announces Strategic Partnership with Stripe in the U.S. to Accelerate Market Growth
August 15 2024 - 9:00AM
Business Wire
U.S. merchants using Stripe will now be able to
seamlessly integrate Zip’s payment method at checkouts in the
United States
Zip (ASX: ZIP), a digital financial services company offering
innovative, people-centered products, today announced its
integration as a payment method for U.S. merchants using Stripe.
With the new integration, eligible merchants can easily enable Zip
as a payment method with a single click, which can help attract new
customers and increase both conversion rates and basket sizes. Zip
partnered with Stripe in Australia last year, and this now extends
the partnership for merchants in the U.S.
With 6.0 million active customers and more than 79,000 merchants
across the United States, Australia and New Zealand,1 Zip continues
to promote financial inclusion by making everyday spending, cash
flow management, budgeting – and the ability to cover unexpected
expenses – accessible.
BNPL has firmly established itself as a mainstream payment
option, and Zip’s innovative and inclusive approach is
revolutionizing access to the retail economy. Its unique algorithm
welcomes a broader demographic to access credit, which not only
introduces a new segment of customers to brands but also helps to
address the needs of those long underserved by traditional
financial institutions.
“Our goal at Zip is to provide customers transparent and
flexible credit solutions that enhance their financial autonomy
while providing merchants access to a new and motivated customer
base,” said George Eliopoulos, Chief Commercial Officer at Zip.
“Our strategic partnership with Stripe continues to deliver strong
outcomes for merchants and customers in Australia, and we are
excited to replicate the success in the United States.”
For merchants leveraging Stripe’s optimized checkout interfaces,
like the Payment Element and Checkout, they can enable Zip with no
code from their Stripe Dashboard. Zip is available to merchants in
Australia with general availability to merchants in the United
States expected later this year.
To learn more about the benefits of the Zip and Stripe
integration, or to enable Zip as a payment option, please visit:
https://docs.stripe.com/payments/zip, or reach out to your Stripe
account representative for further details and early access.
About Zip
ASX-listed Zip Co Limited (ASX: ZIP) is a digital financial
services company, offering innovative and people-centered products.
Operating in two core markets - United States (US) and Australia
and New Zealand (ANZ), Zip offers access to point-of-sale credit
and digital payment services, connecting millions of customers with
its global network of tens of thousands of merchants.
Founded in Australia in 2013, Zip provides fair, flexible and
transparent payment options, helping customers to take control of
their financial future and helping merchants to grow their
businesses. US loans through the Zip app and Zip Checkout are
originated by WebBank. All loans are subject to credit
approval.
For more information, visit: www.zip.co
1 As at 4Q FY24.
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