Sezzle Splits Up Shopping Payments Into Increments With No Extra Fee
Sezzle offers consumers a payment solution that enables an installment planned payment with no added interest. The price is broken down into four smaller increments planned out over the spread of six weeks time -- with a quarter due at the transaction time and the remainder over three payments, every two weeks. The repayments are automated directly from the bank accounts, with a noted option for consumers to pay off their remainder earlier than the given time.
Sezzle can be added to a checkout at any of its online merchant partners including Your Tea, The Naked Tiger, Tropeaka, Vint & York, and more. Once the first transaction is completed, the merchant shops off the product so it can be enjoyed prior to an entirely completed payment.
Sezzle can be added to a checkout at any of its online merchant partners including Your Tea, The Naked Tiger, Tropeaka, Vint & York, and more. Once the first transaction is completed, the merchant shops off the product so it can be enjoyed prior to an entirely completed payment.
Trend Themes
1. Interest-free Financing - A growing trend of companies offering payment solutions enabling installment plans with no added interest creates a disruptive opportunity for companies to offer similar plans to attract consumers.
2. Automated Bank-to-bank Repayments - Automated bank-to-bank repayments for installment plans create a disruptive opportunity for companies to streamline payment processes and minimize late or missed payments.
3. Flexible Payment Scheduling - Flexible payment scheduling options offered by installment plan companies such as Sezzle create a disruptive opportunity for companies to offer personalized payment plans that cater to individual needs and preferences.
Industry Implications
1. E-commerce - The e-commerce industry has the opportunity to utilize interest-free and automated payment solutions to attract consumers and increase sales.
2. Retail - The retail industry can offer flexible payment options to attract consumers and differentiate themselves from competitors, leading to increased sales and customer loyalty.
3. Financial Services - The financial services industry can innovate their payment systems to include interest-free installment plans with automated repayments, providing a new solution for consumers to manage their finances and increase customer satisfaction.
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