BigCommerce Partners with Sezzle Inc. as New Preferred Buy It Now & Pay On Partner Partner
As installment plans gain in popularity, BigCommerce merchants will now have access to an easy-to-use Buy It Now and Pay Later program for a wide range of customers, including high-risk borrowers.
AUSTIN, Texas, August 03, 2021– (BUSINESS WIRE) – BigCommerce (Nasdaq: BIGC), one of the leading Open SaaS e-commerce platforms for established and fast-growing brands, today announced that financial technology company Sezzzle Inc. is a new preferred partner of immediate purchase, subsequent payment (BNPL). Small and mid-sized BigCommerce merchants will now have the ability to offer interest-free payment plans that support smart, risk-free purchases for consumers, including high-risk borrowers and young buyers looking to create of credit and to buy for a specific purpose.
Sezzle is also dedicated to the financial empowerment of young consumers through credit building and financial education, and was recently certified B Corp for its ethical business model.
“With 60% of US shoppers using BNPL financing for an online purchase, merchants are increasingly adopting these solutions for their e-commerce stores in response to customer demand, especially younger consumers who find the model. attractive installment. “said Mark Rosales, vice president of payments at BigCommerce.” There are currently a number of BNPL providers in the market, but Sizzle’s commitment to giving consumers a responsible way to slowly build credit without incurring large debts was a key differentiator in the decision to make it a preferred partner of BNPL. ”
With Sezzle natively integrated as a payment gateway in the BigCommerce control panel, merchants can activate the BNPL option with one click to display a Sezzle widget at checkout. Sezzle then takes 25% of the order price from the consumer at the time of purchase, followed by three additional 25% automated payments over the six weeks. The main advantages include:
Sale without risk. Merchants receive full payment up front minus a nominal fee, assuming no risk of credit or fraud on purchases.
Alternative payment options. By offering a new payment alternative alongside other payment methods, merchants offer buyers the financial flexibility to purchase with or without a credit card.
Attract new buyers. More than 45 million people aged 14 and over in the United States will use BNPL’s services this year, giving merchants the opportunity to appeal to a new generation of shoppers looking to try a new payment method to overcome the challenges. limitations such as cash or credit.
“The majority of our users are buyers who do not have access to or have avoided using traditional credit cards, but are still looking for a cost-effective way to make purchases,” said Veronica Katz, chief revenue officer at Sezzle Inc. “Partnering with BigCommerce will provide this buying power to our customers, helping them build their credit while getting the products they need.”
To learn more about how BigCommerce and Sezzle Inc. are working together to provide merchants with a valuable BNPL solution, visit https://www.bigcommerce.com/dm/sezzle/.
BigCommerce (Nasdaq: BIGC) is a leading software-as-a-service (SaaS) e-commerce platform that empowers merchants of all sizes to create, innovate, and grow their businesses online. As a leading open SaaS solution, BigCommerce provides merchants with sophisticated enterprise-grade functionality, customization and performance with simplicity and ease of use. Tens of thousands of B2B and B2C companies in 150 countries and many industries use BigCommerce to build beautiful, engaging online stores, including Ben & Jerry’s, Molton Brown, SC Johnson, Skullcandy, Sony, and Vodafone. Based in Austin, BigCommerce has offices in San Francisco, Sydney and London. For more information, please visit www.bigcommerce.com or follow us on Twitter, LinkedIn, Instagram and Facebook.
BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. The trademarks and service marks of others are the property of their respective owners.
About Sezzle Inc.
Sezzle is a rapidly growing fintech company on a mission to financially empower the next generation. Sezzle’s payment platform increases the purchasing power of millions of consumers by offering interest-free installment plans in online stores and select stores. Sezzle’s seamless, inclusive and transparent payment option empowers consumers to control their spending, be more responsible, and access financial freedom. When consumers apply, approval is instantaneous and their credit scores are not affected unless the consumer chooses to opt for a credit creation feature called Sizzle Up. This increase in consumer purchasing power leads to increased sales and basket size for the more than 34,000 active merchants who offer Sezzle. For more information, visit Sezzle.com.
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