Zip Forms Strategic Partnership with Stripe in the U.S. to Drive Market Growth

Date – 16-Aug-2024

U.S. merchants using Stripe can now seamlessly integrate Zip’s payment method at checkout across the United States.

Zip Expands Strategic Partnership with Stripe to Offer Seamless Payment Integration for U.S. Merchants

Zip, a leading digital financial services company known for its innovative, customer-centric products, has announced the integration of its payment method for U.S. merchants using Stripe. This new integration allows eligible merchants to easily enable Zip as a payment option with just one click, potentially attracting new customers and boosting both conversion rates and average transaction sizes. This partnership builds on the successful collaboration between Zip and Stripe in Australia and now extends it to the U.S. market.

“Our strategic partnership with Stripe has yielded excellent results for merchants and customers in Australia, and we’re excited to replicate that success in the United States,” said George Eliopoulos, Chief Commercial Officer at Zip.

Zip continues to champion financial inclusion, with 6.0 million active customers and over 79,000 merchants across the United States, Australia, and New Zealand. The company’s approach to Buy Now, Pay Later (BNPL) is reshaping the retail economy by providing accessible credit options to a broader demographic, including those traditionally underserved by conventional financial institutions. This not only introduces new customers to brands but also addresses critical needs in the marketplace.

“Our goal at Zip is to offer customers transparent and flexible credit solutions that enhance their financial autonomy, while providing merchants with access to a motivated new customer base,” added Eliopoulos.

For merchants utilizing Stripe’s optimized checkout interfaces, such as the Payment Element and Checkout, enabling Zip requires no additional coding and can be activated directly from the Stripe Dashboard. While Zip is already available to merchants in Australia, it is expected to become generally available to U.S. merchants later this year.

Zip Co Limited (ASX: ZIP), listed on the Australian Stock Exchange, operates in two core markets—the United States and Australia/New Zealand. Founded in 2013 in Australia, Zip offers fair, flexible, and transparent payment solutions, helping customers manage their financial futures while supporting merchants in growing their businesses. In the U.S., loans offered through the Zip app and Zip Checkout are originated by WebBank and are subject to credit approval.