Zip, a digital financial services company, has expanded its partnership with Stripe, a programmable financial services business. This collaboration makes Zip’s “pay in installments” solution directly available to US merchants through Stripe’s optimized checkout interfaces.
Merchants in the United States can now enable Zip from their Stripe Dashboard with a no-code setup, integrating the installment payment method into Stripe’s Elements, Checkout, and Payment Links. This aims to allow merchants to increase sales and engage with a broader customer base, including those potentially overlooked by traditional financial services.
Key benefits for merchants include streamlined activation, expanded reach to high-intent shoppers, and a potential uplift in conversion rates by offering a trusted Buy Now, Pay Later (BNPL) option, which can boost order values and reduce cart abandonment. Zip also assumes the non-payment risk associated with shopper installments, ensuring merchants receive full payment upfront while Zip manages customer repayments.
Joe Heck, U.
S. CEO of Zip, commented on the development, stating, “Through our expanded partnership with Stripe, we are accelerating Zip’s US growth by making flexible payments available to more merchants and customers than ever before. This integration showcases the strength of Zip’s offering and reinforces our commitment to building solutions that scale.”
Zip’s offering is designed with a decisioning engine and Payment Experience. The integration is currently available to Stripe merchants in the US for transactions in USD, with compliance, branding, and fraud protections aligned with both Stripe and Zip standards. Zip Co Limited, founded in Australia in 2013, operates in Australia, New Zealand, and the United States, connecting customers with a global network of merchants. In the United States, loans through Zip are originated by WebBank.
