Sezzle Information

What is Sezzle and how does it work?

Sezzle is a “buy now, pay later” (BNPL) payment platform that allows shoppers to split purchases into
smaller, interest-free installments instead of paying the full amount upfront. It’s commonly offered
at online and in-store checkouts as an alternative to traditional credit cards.

How Sezzle works

When a customer selects Sezzle at checkout, the total purchase is divided into four equal payments:

  1. Pay 25% upfront
    The first installment is paid at the time of purchase.
  2. Split the rest into 3 payments
    The remaining balance is automatically charged in three equal payments, typically every two weeks.

  3. No interest (if paid on time)
    As long as payments are made on schedule, there is no interest charged.
  4. Automatic payments
    Future installments are charged to the customer’s linked debit or credit card.

Approval and eligibility

Sezzle performs a quick approval process at checkout. This may include a soft credit check (which does not impact credit score), along with other factors such as account history and spending patterns.

Fees and charges

  • Late fees may apply if a scheduled payment is missed.
  • Rescheduling fees can be charged if a customer chooses to move a payment date.
  • There are typically no interest charges on standard plans.

Benefits of using Sezzle

  • Budget-friendly payments: Break purchases into manageable chunks
  • Interest-free option: Avoid interest when payments are made on time
  • Instant approval: Fast decision during checkout
  • Wide acceptance: Available at many online retailers

Considerations

While Sezzle can make purchases more accessible, it’s important for customers to keep track of upcoming payments. Missing payments can result in fees and may affect future approval eligibility.

Overall, Sezzle provides a flexible way for customers to manage spending while giving merchants a tool to increase conversions and average order value.