Sezzle

Sezzle is an instalment payment method that allows customers to shop online and pay for their purchase in four interest-free amounts spread over six weeks. Customers pay 25% at the time of purchase and settle the remaining balance across three further payments scheduled every two weeks. Sezzle charges the merchant for the service, so there are no fees to customers if payments are made on time. Customers can register for the service beforehand or during checkout by linking a card or bank account to their Sezzle account and authenticating themselves with a one-time passcode sent to their mobile phone and logging on to their online banking.

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Type Instalments
Company behind LPM Sezzle Inc
Market share details Accepted by 12,700 merchants
Market relevance Medium
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