Zara has selected financial infrastructure platform, Stripe as its payments partner to process payments for its pre-owned clothing marketplace, Zara Pre-Owned. Zara will use Stripe Connect to move funds between buyers and sellers.
With Zara Pre-Owned, Zara offers customers a resale opportunity to extend the lifetime of their products. Owners take pictures of their unwanted Zara products, which are then cross-referenced with Zara’s product portfolio, giving potential buyers detailed information on the items they wish to purchase. The platform also offers Zara customers other sustainable choices, like the option to donate their clothes or request a repair.
Stripe Connect enables Zara to embed Stripe’s payments platform directly into the Zara Pre-Owned marketplace, offloading all payments-related requirements onto Stripe, while keeping the customer experience Zara branded. Zara Pre-Owned is now available to customers in the UK and will expand across other European markets in the second half of 2023.
“Sustainability in retail is finally receiving the attention it deserves to help protect our fragile planet. We’re thrilled that Zara has chosen Stripe as they lead the way,” Stripe head of global sales, Eileen O’Mara said.