We are once again partnered with Sezzle!
Sezzle is a convenient way for you to spread out the cost of a purchase without paying interest, as long as they make their payments on time. They are a Buy Now Pay Later (BNPL) service that allows you to split their purchase into four interest-free payments, due every two weeks.
Sezzle allows you to buy now and pay later (sometimes called “BNPL”) with no interest (0% interest) or fees as long as you make each payment on time. Plus, there’s also no impact on your credit score.
It’s a way to keep more money in your pocket today because you only have to make a 25% payment immediately.
Here’s how Sezzle works:
- Sign up: Customers need to sign up for a Sezzle account to use the service. Sezzle requires some basic information to verify the customer’s identity and creditworthiness.
- Shop: Customers can shop at any online store that offers Sezzle as a payment option. At checkout, customers select Sezzle as the payment method and enter their payment information.
- Split payment: Sezzle pays the merchant for the full amount of the purchase upfront, and the customer repays Sezzle in four interest-free installments. The first installment is due at the time of purchase, and the remaining three installments are due every two weeks.
- Automatic payments: Sezzle automatically deducts the payments from the customer’s linked debit or credit card. As long as the customer has enough funds available, the payments will be made automatically.
- No late fees: Sezzle does not charge late fees, but if a payment is missed, the account may be paused until the payment is made. If the account remains delinquent, it may be sent to a collection agency.
- Credit check: Sezzle does not require a traditional credit check to use the service, but it may perform a “soft” credit check to verify the customer’s identity and creditworthiness.
How is Sezzle different from paying with a credit card?
Unlike credit cards, Sezzle does not require a traditional credit check, has a fixed repayment schedule, and may have limits on spending based on the customer’s creditworthiness.
Is Sezzle the same as layaway?
No. Layaway means you have to pay in full before you receive your order. With Sezzle there is no wait to receive your purchase.
When are my payments due with Sezzle?
- Today: 25%
- In Two Weeks: 25%
- In Four Weeks: 25%
- In Six Weeks: 25%
How do I sign up for Sezzle?
Select Sezzle at checkout and you’ll be taken to their site where they will make an instant approval decision.
What is Buy Now, Pay Later or BNPL?
BNPL stands for “Buy Now Pay Later,” which refers to a type of payment service that allows customers to make purchases and delay payment until a later date. BNPL services are typically offered by third-party companies that partner with merchants to provide customers with an alternative to traditional credit cards or loans.
With BNPL services, customers can split their purchase into multiple installment payments, usually over a period of several weeks or months. Some BNPL providers may offer interest-free installment plans, while others may charge interest or fees. Customers may be required to undergo a credit check or provide other information to qualify for a BNPL service.
BNPL services have gained popularity in recent years, particularly among younger consumers who may be wary of traditional credit cards or who may not have established credit histories. However, some experts have raised concerns about the potential for BNPL services to encourage consumers to take on debt they cannot afford, and some countries have implemented regulations or guidelines to govern BNPL providers.
Is It safe and secure to use Sezzle?
Sezzle takes security and privacy very seriously, and the company uses industry-standard security measures to protect its customers’ information. Here are some ways in which Sezzle ensures the safety and security of its users:
- Encryption: Sezzle uses 256-bit SSL encryption to protect all data transmissions between its servers and customers’ devices. This is the same level of encryption used by banks and other financial institutions.
- Payment processing: Sezzle partners with trusted payment processors to securely process customers’ payments. The company does not store customers’ payment information on its own servers.
- Fraud prevention: Sezzle has advanced fraud detection systems in place to monitor transactions for suspicious activity. If any fraudulent activity is detected, Sezzle may contact the customer to verify the transaction.
Overall, Sezzle is considered a safe and secure payment option for customers who want to use Buy Now Pay Later services.
Will Sezzle affect my credit score?
No. When you sign up they do a soft pull of your credit and not a hard pull. That means your credit score won’t be affected when you pay with Sezzle.
So what’s the catch with Sezzle?
There is no catch. Just make sure you make your payments on time and there are no additional charges.
How do I pay with Sezzle?
Select Sezzle at checkout and follow the instructions provided.
Why should I use Sezzle?
That’s really up to you. Some people prefer the spread-out payment schedule while other people may want to avoid credit card debt.
Where else can I shop with Sezzle?
They have over 47,000 partners!
What are some other BNPL services?
Afterpay, Klarna, Affirm, SplitIt, and more.
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