The service offers customers a way of extending their Zara product's lifetime through resale and repair options
The Irish-founded financial service Stripe has been selected as Zara’s payments partner to process all transactions for the retailer’s pre-owned clothing marketplace, Zara Pre-Owned.Stripe Connect enables Zara to embed Stripe’s global payments platform directly into the Zara Pre-Owned marketplace, offloading all payments-related requirements onto Stripe, while keeping the customer experience fully Zara-branded.
Stripe was launched by Tipperary brothers Patrick and John Collison in 2010, receiving early investments from PayPal co-founders Peter Thiel and Elon Musk, and it is currently valued at $50 billion. The company is dual-headquartered in San Francisco, California and the Silicon Docks district of Dublin.
Its move into resale and repair follows a broader trend towards circularity in the fast fashion industry. Last month, H&M partnered with online consignment store thredUp to launch its resale platform in the US, while Shein Exchange, launched last October, offers a similar service.
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