BigCommerce has announced fintech company Sezzle as a new preferred buy now, pay later (BNPL) partner. Small and mid-market BigCommerce merchants will now have the ability to offer interest-free payment plans that support smart, risk-free shopping for consumers, including high-risk borrowers and younger shoppers looking to build credit and buy with a purpose.
Sezzle is also dedicated to financially empowering younger consumers through credit building and financial education and was recently certified as a B Corp for its ethical business model.
“With 60% of U.S. shoppers having used BNPL financing for an online purchase, merchants are increasingly adopting these solutions for their eCommerce stores in response to customer demand, especially younger consumers who find the instalment-based model attractive.” said Mark Rosales, vice president of Payments at BigCommerce. “There are a number of BNPL providers in the market right now, but Sezzle’s commitment to giving consumers a responsible way to slowly build credit without taking on large amounts of debt was a key differentiator in deciding to make them a preferred BNPL partner.”
With Sezzle natively integrated as a payment gateway in the BigCommerce Control Panel, merchants can enable the BNPL option with a single click to display a Sezzle widget at checkout. Sezzle then collects 25 per cent of the order price from the consumer at time of purchase, followed by three additional automated 25 per cent instalments over the course of six weeks.
“The majority of our users are shoppers who don’t have access to or have avoided using traditional credit cards, but are still looking for a budget-friendly way to make purchases,” said Veronica Katz, chief revenue officer at Sezzle Inc. “Partnering with BigCommerce will provide this buying power for our customers, helping them build their credit while they get the products they need.”
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