Sezzle, Inc. (ASX: SZL), a U.S.-based installment payments platform, announced on Wednesday the launch of its virtual card for shoppers, which will reportedly enable Sezzle customers to pay using interest-free installments both in-store and online. Sezzle revealed the Sezzle Virtual Card will allow brick and mortar retailers that already support Apple Pay and Google Pay an easy way to offer Sezzle’s Buy Now, Pay Later solution to their customers.
“The Sezzle Virtual Card, powered by Marqeta, is launching on both Apple Pay and Google Pay, offering immediate merchant benefits with effortless integration. Just as Sezzle users are able to do online, the Virtual Card will allow merchants to give their customers a more flexible way to pay for in-store transactions by providing them the opportunity to split their purchases into four, interest-free installments paid out over six weeks.”
Speaking about the new card, Killian Brackey, Sezzle Co-Founder and CTO, stated:
“As traditional, in-store retail re-emerges, it’s critical that we support our merchant partners by giving them new tools to jump-start sales, both online and in-store. As a proven solution for driving incremental sales and new customer growth, we are thrilled to publicly announce an easy way for U.S retailers to offer Buy Now, Pay Later in store.”
Founded in 2016, Sezzle claims to be a public-benefit corporation on a mission to financially empower the next generation. The company explained that it strives to enable all people to take control over their financial futures, be more responsible and gain access to financial freedom by building the most transparent, inclusive, and seamless payments option for online purchasers.