Sezzle launches Pay-in-2 product to enhance payment solutions
By Delisha Fernandes
Sezzle, a payment platform, announced the launch of its new Pay-in-2 product, enabling shoppers with more choices at the time of payment.
The Pay-in-2 product will allow Sezzle’s offerings to expand to new categories, including grocery, monthly subscriptions, and other higher frequency categories where splitting into two payments is more sensible than splitting into four payments over six weeks. Offering multiple payment solutions from Sezzle leads to higher approval rates and increased shopper conversions.
With the launch of Pay-in-2, the platform now offers a full suite of payment options that provides a solution for consumers at every price point. In addition to Pay-in-2, it allows consumers to Pay-in-4 over six weeks or in monthly instalments up to 48 months.
Like Sezzle’s Pay-in-4 solution, Sezzle’s new Pay-in-2 product will allow consumers to build their credit scores if they opt-in to Sezzle Up, its credit-builder feature. To financially empower the next generation and provide a responsible way to pay, the company reports shoppers’ payment history to the three major credit bureaus if they have opted-in to the Sezzle Up credit reporting program.
“We are excited to launch the Pay-in-2 product and offer our customers a new option,” said Charlie Youakim, CEO and Co-Founder of Sezzle. “Many consumers get paid every two weeks, and we believe giving shoppers this option will allow them to manage their budgets better. Concurrently, for merchants, offering Pay-in-2 should lead to higher approval rates and increased shopper conversions. It’s a win-win.”
Merchants offering Sezzle will seamlessly enable the new Pay-in-2 product through their existing Sezzle integration. Merchants require no additional action to begin offering Pay-in-2 to their customers.
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