Learn how to make this buy now, pay later service easy for purchases.
How does Sezzle work?
Sezzle works similarly to PayPal Pay in 4 and Affirm. When you are ready to check out, choose Sezzle as your payment method. You will need to enter some personal details, and the service will conduct a soft credit check.
Once you are approved, you will make the first payment of four interest-free payments immediately. Then, you will make three equal payments every two weeks for the next six weeks. You can choose to link a bank account, credit card, or debit card to make your installment payments.
Note: Sezzle partners with over 29,000 online stores.
Is there a minimum purchase amount when using Sezzle?
Sezzle does not set a minimum purchase amount for customers, but the stores that use the service may set their own minimums.
Is there a maximum purchase amount when using Sezzle?
Sezzle places limits on how much customers can purchase using the service. Your limit depends on how long you have been using Sezzle, your order history, your credit standing, and other factors.
Do products purchased using Sezzle ship after the first payment?
Like other BNPL services, Sezzle improves upon past partial payment programs. Instead of making payments and then receiving the item, Sezzle allows you to buy now and receive the item after the first payment.
This is because Sezzle pays the full amount to the merchant for your purchase, meaning you owe the remaining balance to Sezzle and not the retailer.
Can I use Sezzle to pay bills?
Sezzle works only with participating online retailers, Apple Pay, and Google Pay for in-store and online purchases.
Is there a credit limit?
Whether you are using Sezzle’s standard payment service, Sezzle Up, or the virtual Sezzle card, you will receive a credit limit based on the total purchase amount. New customers are typically limited to $50 to $200.
Note: With Sezzle Up and the virtual Sezzle card, you will be able to see your limit, so you know how much you can purchase.
How can I increase my credit limit?
It is possible to increase your credit limit with Sezzle if you use the service regularly and make your payments on time. You will also receive a limit increase once when you enroll in Sezzle Up.
Does Sezzle affect your credit score?
The impact of Sezzle on your credit score depends on how you use the service.
Does Sezzle do a credit check?
When applying for credit with Sezzle, the service conducts a soft credit check, which does not affect your credit score. This inquiry provides the service with enough information to determine your creditworthiness without conducting a full credit check.
Does Sezzle report your activity to credit bureaus?
For the standard Sezzle service, there is no credit reporting involved. However, if you want to use the program to build your credit history, you can sign up for Sezzle Up’s revolving line of credit.
With Sezzle Up, Sezzle reports your payments and balances to three national credit bureaus monthly. As long as you make your payments on time, the reporting should improve your credit score, but if you miss a payment for 30 days, Sezzle will report it, and your credit score could be affected as a result.
Note: To qualify for Sezzle Up, you must have used Sezzle’s BNPL service at least once.
What
What is the credit range you need to use Sezzle?
Sezzle performs a soft credit check when you apply, and if your credit history is poor, it may result in the service being declined for your purchase. Unfortunately, Sezzle does not disclose a minimum credit score, but the good news is that it does not carry out a hard inquiry, so you can apply without fear of affecting your credit score. If your credit score is good, and you were declined to use Sezzle, here are some other possible reasons: the purchase amount exceeds your limit. You entered incorrect personal or payment information during registration. Your Sezzle account lacks payments or an unpaid request.
Does Sezzle charge interest?
Sezzle does not charge interest, making it more attractive than personal loans and credit cards.
Does Sezzle charge fees?
As long as you make your payments on time and in full, Sezzle will not charge you any fees. You won’t incur a fee if you pay off your balance early as well.
However, there are fees if you fail to make a payment or if you have to reschedule a payment more than once. The company always adds your fees to the regularly scheduled payment, so if you see a separate fee from your bank or credit card company, it is not from Sezzle.
Is Sezzle safe?
In terms of data security, Sezzle is safe to use. The company follows Payment Card Industry (PCI) compliance standards to keep your personal information and transactions secure.
However, concerning your budget, Sezzle can present some of the same risks as credit cards. The ability to buy items now and pay for them later can lead you to spend more than you can afford to pay back.
Of course, overspending with Sezzle is less harmful than credit cards since it doesn’t involve interest, but it can still affect your budget and impact your overall financial well-being.
Note: The more you use BNPL services, the harder it becomes to keep track of all your loans and payments.
Who accepts Sezzle?
There are over 29,000 online stores that offer Sezzle. If you apply for the virtual Sezzle card, you can use the service anywhere Apple Pay and Google Pay are accepted.
Participating stores include: GameStop, Goodie Co, Lou Lou & Company, Jamie Kay, and SoftMoc.
How do I use Sezzle online?
When shopping with a participating Sezzle online store, simply choose Sezzle as your payment method and then register or log in to your Sezzle account.
The company will perform a soft credit check and inform you right away if you are approved. You will pay the first installment, which is 25% of the total purchase amount, at the point of purchase. The next three payments will be automatically deducted from your payment method over the next six weeks.
How do I use Sezzle in stores?
You can shop with Sezzle in physical stores if you have a virtual Sezzle card. You will add the card to your Apple Pay or Google Pay account and use it like any other payment method in those digital wallets. Then you will pay the installment payments as usual.
How do returns work when using Sezzle?
If you need to return the item you purchased, the merchant will issue the refund to Sezzle, as they processed the initial transaction. Sezzle will then apply the refund amount to what you owe, starting with the last payment and working backward. If you have multiple installment plans, Sezzle may apply your refund to the older installment plans first.
Based on
On the amount of the refunded amount and your outstanding balance, Sezzle will cancel or reduce future payments and may also return previous payments to your payment method with the service.
If the merchant issues a refund in the form of store credit, cash, or any other method, this will not affect your Sezzle balance, and you will have to continue making payments as originally agreed upon.
How can I pay Sezzle?
Sezzle collects installment payments from debit cards, credit cards, and bank accounts. The service also accepts prepaid debit cards, but only if you use one to pay an installment payment.
Note: Remember that Sezzle takes payments every two weeks after the first payment, so make sure you have enough balance on your credit card or money in your bank account to cover each payment.
What happens if I don’t pay Sezzle?
If you fail to make a payment, Sezzle will
Source: https://www.thebalancemoney.com/what-you-need-to-know-about-sezzle-5181839
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