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Plugin Description
Sezzle is an alternative payment platform that increases sales and basket sizes by enabling your customers to ‘buy now and pay later’ with interest-free installment plans. Sezzle collects 25% of the purchase price from the consumer at the time of purchase, but pays the merchant the full purchase price upfront, less their fee. The merchant assumes no credit or fraud risk. Sezzle then schedules three additional installments of 25% to be automatically debited from the consumer every two weeks, completely interest- and fee-free. Sezzle is ideal for merchants that cater to young consumers, with order values typically between $50-$750, although we do accept orders up to $1,000. Sezzle increases consumers’ purchasing power and is most heavily used by those without a credit card (63% of millennials do not own a credit card), or those with a very low credit limit on their card. However, a wide range of consumers use Sezzle, both in terms of age and financial situation. Our extension includes a payment gateway, which will enable Sezzle as a payment option in your checkout. Once a customer selects Sezzle as their payment option, they are redirected to our secure checkout, after which they are taken back to your store to view purchase details. The extension also includes a widget that displays a dynamic installment amount on your product and cart pages, which is proven to increase conversions and basket sizes.
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