Payrails offers payment flexibility with agnostic token vault to Vinted

Vinted, founded in Lithuania in 2008, set out with a bold vision: to make second-hand fashion
the first choice globally. By 2018, it became Lithuania’s first unicorn. Today, Vinted is Europe’s
leading international C2C marketplace for second-hand fashion, with millions of buyers and
sellers across 20+ markets.

For a platform of Vinted’s scale, minimizing friction in the payment process while ensuring
security and compliance is critical.

Tokenization allows merchants to use payment tokens, representations of customers’ card
details, making recurring payments seamless. Payment tokens protect sensitive data and help
merchants meet PCI compliance standards.

Challenge

To increase flexibility in payment processing, Vinted wanted to centralize its tokens across all
processors while maintaining direct integrations with PSPs, seeking a PSP-agnostic token vault.
In addition, seeking to continue fulfilling PCI-DSS requirements, Vinted identified an opportunity
to streamline payment routing with different PSPs, aiming for a smoother, more efficient, and
successful transaction process.

Solution

Vinted partnered with Payrails for a customized solution to its tokenization challenges.

• Vinted integrated Payrails’ PSP-agnostic token vault, allowing them to use tokens
across multiple processors without being locked into one provider. Payrails issued
tokens that could be sent in proxy payment requests to individual processors. The token
vault is Level 1 PCI-DSS 4.0 compliant, ensuring top-tier security without additional work
for Vinted.
• Payrails assisted Vinted in migrating all its tokens from integrated PSPs into the
Payrails token vault, maintaining business continuity and a frictionless experience for
Vinted’s members.
• Payrails’ solution allows Vinted to manage payment instruments without handling
sensitive payment details directly. Vinted uses an API and intuitive UI for token
management, offering ease and enhanced security.

Results

With Payrails’ solution, Vinted gained flexibility and control:
• 100% processor independence: Vinted gained full control of its tokens, expanding their
functionality to multiple PSPs.
• Commercial and technical flexibility: Vinted can easily add new PSPs without
complex migrations.
• Enriched BIN Data: Vinted optimized payment acceptance by leveraging Payrails’ BIN
database.

“We chose to work with Payrails because of their deep understanding of marketplace payments,
their experience with tokenization technology, and their focus on offering a token vault with
agnostic payment tokens that can be used across all of our processors. It’s a streamlined
solution that solves our main pain point with our tokenization setup while being easy to manage
and delivering excellent results.” Modestas Tursa, VP of Payments, Vinted