Digital payments services company, Zip US, has recently announced the expansion of its lucrative partnership with payment processor and acquirer Stripe to accelerate merchant growth.
Zip is now available through Stripe’s optimised checkout interfaces, including Elements, Checkout, and Payment Links, thus empowering merchants in the US to scale their sales by accessing a broader, financially underestimated customer segment. With an easy setup that doesn’t require introducing any code, merchants can now enable Zip directly from their Stripe dashboard, enabling Zip’s Buy Now, Pay Later (BNPL) payment method in their Stripe checkout experience.
A new frontier in supporting BNPL payments
Zip designs innovative financial solutions designed to deliver a strong decisioning engine and payment experience. Helping merchants scale their sales, the company allows them to add instalment payments at their checkout, while the entire risk is assumed through Zip.
Some of the key benefits for merchants include seamless activation, expanded reach, conversion uplift, and full payment upfront. Merchants can easily enable Zip in seconds directly through Stripe’s dashboard and connect with high-intent shoppers that may have been overlooked by traditional financial service providers or other BNPL competitors. By adding BNPL as a payment method at checkout, merchants can not only increase their order values but also reduce cart abandonment and enhance brand loyalty. Finally, when shoppers choose to pay via the BNPL method, merchants receive the full payment upfront, shifting the entire payment risk to Zip.
The partnership is set to make flexible payments available broader in the US, attracting more merchants and shoppers alike. The Zip integration is available to Stripe merchants operating in the US, supporting transactions in USD.
More information about Zip
Australia-based fintech Zip is a BNPL provider for both B2B and B2C sectors. It operates in three core countries, the US, Australia, and New Zealand, and offers access to point-of-sale credit and digital payment services, connecting millions of customers with a global network of thousands of merchants in all verticals.
Founded in 2013, the Australian company provides fair, flexible, and transparent payment options, helping customers take control of their financial future.
