Think of using Sezzle? Unsure if it’s legit? Uncover the truth! Get a secure, reliable, and cost-effective payment method. Make an informed decision – you deserve it!
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Quick facts: Is Sezzle Legit
- ✅ Sezzle is a payment solution that has allowed more than 10 million shoppers to purchase items online with a buy now, pay later option – Sezzle Website
- ✅ Sezzle has helped over 15,000 merchants increase average order value, conversion rate, and overall sales volume – Sezzle Website
- ✅ As of April 2020, Sezzle had over 8 million active customers – TechCrunch
- ✅ Sezzle has processed over $2 billion worth of transactions since their launch in 2016 – Sezzle Website
- ✅ Sezzle is rated 4.7 out of 5 stars on Trustpilot with over 34,000 reviews – Trustpilot
Introduction
Sezzle is a payment solution that helps customers pay for their purchases in more affordable chunks. It’s split into four interest-free installments, over a period of six weeks. Customers can also opt-in for auto-payment. Sezzle is available to online and brick-and-mortar stores.
In this article, we’ll discuss whether Sezzle is legit. We’ll provide an overview of the company, covering its features, benefits, fees and more – so you can decide if it’s right for you:
- Features
- Benefits
- Fees
- More
What is Sezzle?
Sezzle is an online payment option to buy items and pay in installments. It connects to debit or credit cards, and lets customers purchase without debt. There are no late fees or interest. Shoppers get discounts & extended warranties if they use Sezzle. Its mission is to offer a secure, convenient, and affordable way to shop without accumulating debt.
Sezzle is safe and legitimate – it got the BBB’s certification of trust in 2020.
Overview of Sezzle
Sezzle is a payment solution that makes shopping easier and more affordable. It lets customers buy now and pay later, with no interest or fees. The preferred ways to make purchases are using debit cards, credit cards, and bank accounts. Sezzle doesn’t require a credit check or proof of income.
It’s different from other platforms. Sezzle divides the total cost into four monthly payments (over six weeks). Only 25% is charged upfront. This helps customers get items they can’t otherwise afford, with no extra interest or fees. Sezzle has advantages – when used correctly.
How Does Sezzle Work?
Sezzle is a payment solution that allows customers to buy stuff without interest or fees. It splits the total amount of money into four parts. To use Sezzle, customers must enter basic information and credit/debit card details. This creates a “Sezzle account” – like a virtual wallet.
When an order is approved, Sezzle pays the total amount with the four installments. Customers get charged automatically on the due dates. But they can also pay off the balance any time. Sezzle payments are secure, using the Payment Card Industry Data Security Standard (PCI-DSS) and Stripe’s secure token storage system.
Pros and Cons of Sezzle
Sezzle is a payment option that allows users to buy something and pay in installments. This payment method has no interest or hidden fees. It’s fast, secure, and easy to use. Plus, Sezzle helps build credit if payments are made on time. You can use Sezzle to shop at hundreds of stores in the US and Canada.
But, it’s not accepted everywhere. Many stores still don’t offer it. Late fees apply if payments don’t get made. Also, merchants may charge an extra fee which makes it less cost-effective than other financing options.
Pros
Lendio Services offers payment solutions, including Sezzle. It’s a great option, compared to credit or debit cards, as customers can purchase without going into debt. Sezzle allows them to make four payments over six weeks without interest, giving them the flexibility to control their finances without the trouble of other payment methods.
With preset payment schedules, customers don’t have to remember to pay on time. There are no upfront costs, and customers can cancel if they don’t want the solution. Lendio has extra security measures to protect customer privacy and keep all transactions safe.
Cons
Sezzle is only available in the U.S. and Canada. So, if you live outside these countries, you can’t get the payment solution. Also, shoppers may have to pay conversion fees if they use a foreign card. Moreover, some stores do not accept Sezzle payments. That limits the number of options for some customers.
Lastly, there are fees with Sezzle. These include late fees for missed payments and returned item fees. These charges can accumulate, so keep that in mind when considering Sezzle as a payment method.
Sezzle Security
Sezzle is a top payment solution. It makes and receives payments easy for both consumers and merchants. It uses bank-level encryption and tokenization to keep financial info secure. Data is stored in secure servers that are monitored for any threats.
MFA (Multi-Factor Authentication) is also used. It requires multiple steps, like SMS codes to verify account ownership, which adds another layer of security.
In conclusion, Sezzle is one of the safest payment solutions. It combines encryption tech, tokenization, and MFA for total data protection during the payment process.
Payment Security
When it comes to Sezzle, customers know their payment and transactional data is safe. Sezzle uses the latest Secure Socket Layer (SSL) encryption technology. It fulfills Payment Card Industry Data Security Standards and International Financial regulations. All personal info is encrypted with the highest encryption available. Sezzle doesn’t store any credit card info, so it won’t get stolen. All-in-all, customers can trust Sezzle for secure payment.
Data Security
Data security is essential when deciding on a payment option. Sezzle takes this seriously, and all payments are processed via its secure platform that complies with the PCI Data Security Standard. This standard is designed to guard cardholder data. It also states how any firm dealing with credit card data must protect it to build trust and prevent fraud.
Sezzle utilizes tokenization. This ensures your customers’ sensitive data is securely stored, fully encrypted. All partners in the payment process have gone through an extensive onboarding process. This guarantees they comply with PCI-DSS standards. Meaning, only you have access to your customers’ payment info.
Sezzle Fees
Sezzle is a payment solution for online and in-person buying. It has low costs, flexible payment plans, and no interest to its buyers. Merchants also get various tools and features to make their payments more efficient and cheap.
The fees with Sezzle change depending on the plan chosen. For instance, the basic free plan charges a flat 2.6% service fee plus a $0.30 transaction fee per order. The premium pay plans have a flat rate of 2% plus a $0.30 fee per order. And, there are no long-term contracts or cancellation fees associated with Sezzle, so it can be stopped anytime.
Merchants using Sezzle to accept payments from customers often don’t have to pay fees. Sezzle is an inexpensive way for people to buy things in installments, and for merchants to accept payments securely and cheaply.
Purchase Fees
When deciding if Sezzle is legit, the cost of using it matters. The cost varies by retailer. Usually, customers pay 0% interest. However, you may have to pay a “Purchase Fee” of 4%-6% of the purchase price. Sometimes, retailers add a “Service Fee” for big purchases.
Sezzle doesn’t ask for more money at the end of the 6 weeks. But, if customers don’t pay their balance in time, Sezzle and the retailer charge late fees.
Late Fees
Late fees are common with payment solutions. Sezzle is no exception. After four missed payments, five dollars will be charged for each additional one. Sezzle gives some leeway.
Is Sezzle legit? Yes, despite their late payment penalty.
Alternatives to Sezzle
Sezzle is a payment option with no interest or fees that splits the cost of a purchase into four installments. If Sezzle isn’t the best fit, there are other options.
- Klarna is like Sezzle – same four payments, no added costs. Buy something over $400 and Klarna offers special financing.
- Afterpay has a loyalty program for regular payments.
- Google and Apple Pay have similar services, as well as discounts and promos.
- Lastly, some retailers offer credit cards from Visa or Mastercard with options to spread out payments.
Affirm
Otakumode’s Affirm is a payment solution that lets customers pay for their purchases gradually. Making an order with Affirm only requires customers to provide their name, email, phone and the last four digits of their Social Security number. They can pick a payment plan, ranging from 3 months to 24 months. There are no hidden fees or interest. Customers only pay according to the plan they selected at checkout.
Affirm is secure and has partnered with popular merchants. It’s a great choice for secure, effective payments.
Klarna
Klarna is a payment solution that is becoming increasingly popular with online shoppers. This is because it avoids the need to use a traditional credit card. It’s attractive for those who don’t want to be tied down to credit cards or the hassle of applying for extra ones.
The most common form of Klarna payment is the interest-free installment plan. This lets customers pay for purchases in four installments over six weeks without having to pay interest, late fees, or extra charges.
Using Klarna can offer shoppers flexibility and an easy way to manage payments. However, it can be hard to discover if a store takes Klarna payments, since they don’t always list it on their websites. Some customers have had trouble canceling subscriptions or getting refunds. Additionally, while there are no extra fees connected with Klarna, some stores might charge a small fee for using the service.
Afterpay
Afterpay is like Sezzle, letting shoppers buy stuff in monthly parts. They get the stuff straight away and they can pay it off in four parts, with no interest. Stores use it a lot, giving customers another way to buy.
But, Afterpay has cons. People must give out personal info, like bank account details, or link a card. It charges late fees if payments are late, and accounts can be locked if suspicious activity is seen. Lastly, some stores might not accept it due to security or legal stuff, which could mess up the shopping experience.
Conclusion
The truth about Sezzle is out. It’s a real way to purchase things. It’s simple and offers extra safety. If you need a secure payment option with flexible buying choices, Sezzle is the perfect fit. Investors are supporting it, which confirms its validity. Low costs and no interest charges make it popular. That’s why so many people are using it.
FAQs about: Is Sezzle Legit
Q1: Is Sezzle a legit company?
A1: Yes, Sezzle is a legitimate company. Sezzle is a publicly traded company on the Nasdaq Global Select Market (SZL.O) and is a trusted payment provider for over 10,000 online retailers.
Q2: Is Sezzle secure?
A2: Yes, Sezzle is a secure payment platform. Sezzle’s security is compliant with industry standards and uses bank-level encryption and tokenization to protect your personal information.
Q3: How does Sezzle work?
A3: Sezzle works by allowing you to split your purchase into four interest-free payments over six weeks. To use Sezzle, customers create an account, link a payment method, and shop with one of our thousands of retailers. Sezzle handles the rest.