Sezzle: Buy Now, Pay Later. 0% Interest. (2024)

FAQs

Is Sezzle zero interest? ›

Sezzle It: Pay it in 4 with No Interest!¹

Tap into a new way to get what you want with Sezzle Buy Now, Pay Later. The flexibility of a credit card without the interest or hidden fees.

homePLUS offers four NO CREDIT NEEDED programs with $0 down options, easy weekly/bi-weekly/or monthly payments, interest free periods, and up to $3500 in available funds to use. The application is quick and simple, and approval is instant.

Finally, Sezzle offers monthly financing with terms ranging from three months to four years. These longer payment plans may charge interest — with annual percentage rates from 5.99% to 34.99% — though 0% APR offers may be available.

Payment methods linked to your account. Adding another debit card or a credit card can help us better understand your repayment ability, which can help get orders approved! Sezzle has a $2500 limit. If you're a first time user of Sezzle, you may not be approved for the full $2500.

Cons: Sezzle charges a financing fee of 6%+$0.30 per transaction.

In the Payment Management market, AfterPay has a 2.30% market share in comparison to Sezzle's 0.81%. Since it has a better market share coverage, AfterPay holds the 5th spot in 6sense's Market Share Ranking Index for the Payment Management category, while Sezzle holds the 10th spot.

Afterpay offers convenient financing at a large selection of online and in-store retailers. An application process and soft credit check are required, but borrowers don't have to undergo a hard credit inquiry to qualify. This ease of use makes Afterpay suitable for shoppers using a BNPL app for the first time.

The winner of the best BNPL app for those with bad credit is Perpay because it does not check credit history and uses your verified income to set your spending limits. After completing your Perpay profile, customers can access their spending limit and start shopping within 60 seconds of joining.

Loan limits vary by merchant and will depend on your credit record and payment history with Affirm. The lender has no minimum credit score to qualify for a loan, and checking whether you prequalify will not damage your credit score.

Easy qualifying: The app gives you a minimum spending power to start that can be increased as you pay on time. No hard credit inquiry is required unless you apply for a longer term loan.

Can I borrow money from Sezzle? ›

Sezzle offers interest-free loans with the ability to opt in to a credit-building feature. The company operates in the U.S. and Canada.

Like Affirm, Sezzle doesn't charge an annual fee. However, Sezzle charges fees for late payments, failed payments, rescheduling more than one payment per order, reactivating an account after it has been deactivated, and paying by card rather than directly through a bank account.

At checkout, you might not see the pay in 4 option available for the following scenarios: You are attempting a purchase over your current spending power. See, How do I know how much I can spend with Sezzle? The order is below the minimum order amount at the merchant.

If you don't see Sezzle as a payment method during the checkout process, there is a chance the merchant either deactivated Sezzle or has an order value requirement. The merchant may also be experiencing some technical issues. Recommendation: We recommend contacting the merchant.

Declined due to a failed payment that has occurred on an order. This decline also may occur if one of your payments is in the "pending" or "processing" statuses. Login to your dashboard and pay off any failed payments.

Summary. US shoppers can enroll in Sezzle Up, which allows them to build credit with their BNPL payments. Sezzle Up reports both your on-time and late payments to TransUnion, Experian, and Equifax.

Our platform operates by charging the following fees: Order Processing Fee - A set percentage of each order and a small processing fee for all merchants. Monthly Minimum Account Management Fee - A $15 monthly fee for merchants with less than $300 USD of order processing volume within a 30-day period*

Sezzle may be a good option for smaller online purchases if you can afford a 25% down payment and can pay off the balance within six weeks as scheduled. You won't pay interest and can avoid fees with three on-time payments, which could be cheaper than the average rate you'd pay if you use a credit card.

Pay in 2 - 50% down at the time of purchase and the remaining 50% two weeks later. Pay in 1 (pay in full) - Earn up to 2% back in Sezzle Spend at eligible merchants.