If you run an online business, you know how important it is to provide customers with the right payment solutions at checkout. Imagine only offering Sripe as a payment option for shoppers when the majority of shoppers on your site are from locations where payment with the solution is not available.
The result is that you lose potential conversions when they reach checkout. That's why buy now pay later apps like Sezzle are a must for merchants. The Sezzle app allows you to give shoppers additional payment flexibility at checkout. Unlike other options like PayPal or a debit card, this payment method enables your customers to take out a loan through Sezzle, receive the product, and pay off the remainder in installments.
This means you don't have to worry about losing conversions because customers can't pay for your product because of the cost. The result is an increase in your business turnover.
That said, how easy is Sezzle to set up/integrate and use? What are its pros and cons? and its main features?
All of this and more will be reviewed in our Sezzle review to help you decide if Sezzle is a great fit as a payment solution for your e-commerce business.
What is Sezzle?
Sezzle is an e-commerce buy now pay later solution for receiving customer payments for products at 6% interest within 4 weeks. The goal of Sezzle is to split payments into 4 installments, allowing customers to make purchases even if they don't want to or can't afford to spend a specific amount on a specific product. This usually results in larger purchases.
That is, penalties such as late fees are imposed on specific customers if they fail to repay each instalment on time. Sezzle also assumes all credit risk, while e-commerce merchants receive full payment immediately.
go to top
Sezzle Review: How Does Sezzle Work?
sezzle web page
When shoppers place an order via sezzle.com, the solution features a unique approval system that reviews customers' accounts for the types of payment plans they can offer. In most cases this will be a down payment of 25% of the total order value. This is called a down payment or down payment. The remaining amount is divi divided into three additional instalments, each due 2 weeks apart. Customers do not have any hidden, interest or upfront fees. Shoppers only pay interest if they don't pay off their installments on time.
That is, after a customer successfully places an order, Sezzle pays the e-commerce merchant's order in full immediately. Merchants will email list receive their funds and can process orders as if the customer paid in full with a credit card.
The checkout process is simple. All a shopper has to do is offer Sezzle as a payment option, then select Sezzle at checkout among other options, such as PayPal or pay with a credit card, and Sezzle will help the customer with the rest of the process.
As already said, Sezzle does not charge interest and only charges customers if the payment fails or if the repayment date is requested to be adjusted multiple times for each order. Finally, Sezzle conducts soft inquiries or credit checks on all shoppers and states that this will not negatively impact buyers' credit scores.
go to top
Sezzle Review: Getting Started with Sezzle Shopper
Sezzle customers must meet a few requirements before they can start shopping with the payment solution. Here they come:
Shoppers must be at least 18 years old.
They must have a phone number that can receive text messages.
Customers should have an email address.
Shopper Sezzle must have a non-prepaid payment method readily available. For Canadian and U.S. shoppers, this can be a debit card, credit card or bank account.
When it comes to checking credit, Sezzle allows customers to use a "buy now, pay later" solution, even if they've had credit issues before. Sezzle also does not check your clients' FICO scores for evaluation.
That is, after registration and approval, customers can shop at over 34,000 stores that offer Sezzle and then select Sezzle to checkout when their order is completed.
go to top
Sezzle Review: Getting Started for Merchants
After you sign up for a Sezzle account and are approved, you will receive an email with your login details to begin setup.
Next, you can log into your Sezzle account and select "Setup Checklist" to see the proper integration instructions for Sezzle into your e-commerce store. Best practice is to start with the first step listed, as some of the other steps depend on whether you have completed the first. Typically, the first two steps need to be completed to enable customers to use Sezzle on your website.
Also about sezzle.com if you run into problems. Using Sezzle documentation, you can choose the e-commerce platform you use to run your business, and get platform details and troubleshooting steps.
It's also important to note that the steps for setting up Sezzle vary from one ecommerce platform to another. Therefore, you need to follow the setup checklist carefully to ensure it is done correctly.
go to top
Sezzle Review: Features
Sezzle has some amazing features, let's take a look at them Sezzle roundup:
Try - Shopify
buy now pay later
This is the main feature of the native Sezzle payment solution. Sezzle allows your customers to purchase products with a down payment typically 25% of the total cost of the item and pay the remainder from Sezzle. If you've registered with Sezzle as a business, the solution puts you on their website where customers can log into their Sezzle account to use the service. There is also the option to integrate Sezzle into your website so that customers at checkout can pay overtime using Sezzle as a payment option instead of credit card or PayPal.
Four installments (interest free)
The 2D Embossed Stainless Steel Sheet Sezzle payment option allows shoppers to split the price of your product into 4 interest-free instalments that are paid off in 6 weeks. If the customer pays all the instalments within the stipulated time, then they will receive 0% interest on the loan. But late payments may incur fines.
Wide product range
For customers, the Sezzle app provides a network of more than 34,000 businesses offering a wide range of products such as footwear, clothing, jewelry, and more, all of which can be purchased using the app. Customers can select products from registered businesses and Sezzle merchants will process payments.