Sezzle expands its “Buy Now Pay Later” product offerings with POS installment financing for eCommerce
– Expanding beyond Sezzle’s core product, this solution furthers Sezzle’s mission of financial empowerment by enhancing customer financing offerings–making it possible for consumers to better manage their finances;
– Sezzle shoppers can finance seamlessly for purchases up to $40,000 with Ally Lending’s monthly fixed-rate installment loans that extend up to 60 months. Example of monthly payment terms: payments of $174.03/month for 6 months for $1,000 financed at 14.99% APR.
Sezzle, the highest-rated, purpose-driven Buy Now, Pay Later (BNPL) solution, is pleased to announce the launch of its long-term financing options with Ally Lending, the personal lending arm of Ally Bank, the banking subsidiary of Ally Financial.
This financing solution expands upon Sezzle’s core product, offering longer loan terms for higher ticket transactions. Ally Lending enables monthly fixed-rate installment-loan products that extend up to 60 months in length and US$40k per installment plan through a fully digital application process (*subject to credit review and approval).
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Per Sezzle’s mission of financial empowerment, Ally’s financing solution is a more transparent, responsible, and consumer-friendly option for consumers. The launch of Sezzle’s long-term product is an additional advantage to shoppers that use Sezzle as a financial co-pilot on their path to financial empowerment.
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“We heard from our merchants that they were looking for solutions to suit a wider range of products, including higher-priced items,” said Sezzle President Paul Paradis. “With Ally Lending’s personalized, flexible financing solutions now available on Sezzle’s platform, we offer shoppers a responsible, transparent way to finance higher ticket items over a longer period. It’s a win-win for retailers and consumers.”
