Sezzle is an online payment platform that enables you to pay for your order through 4 small installment payments, stretch over 6 weeks, instead of paying the entire amount at once. Sezzle is 100% safe and does not charge interest on your payments.
How do you qualify for Sezzle?
Here's what you need to qualify:
- Be 18 years of age or older.
- US or Canadian phone numbers that can receive text messages.
- A working email address.
- A non-prepaid payment method available, like a bank account, and debit or credit card.
Is it hard to get approved for Sezzle?
If you choose to use it, you'll have to create an account before buying. An approval verdict is made instantly, without a hard credit check. If you're approved, you'll have to pay the required down payment upfront, then three identical payments are scheduled over the next six weeks.
Does Sezzle hurt your credit?
Sezzle does verify your identity and operates a soft credit check, but that doesn't affect your credit score. A standard Sezzle account doesn't report to the credit bureaus, so, your loan payments or skipped payments do not affect your FICO score, unless you joined Sezzle Up.
Does Sezzle have a limit?
Sezzle has a $2500 limit, but first-time buyers may not be approved for the full amount. But if you use Sezzle successfully, your maximum will increase. Putting in another debit or a credit card can help Sezzle to better understand your repayment capacity, can help to get your orders accepted.
Can you increase your Sezzle limit?
You can call for a limit increase if you have a good payment history. Sezzle doesn't have a particular requirement for qualification for a limit increase on their site.
How do I get a Sezzle virtual card?
If you already have a Sezzle account all you have to do is log in to your account and choose the “Sezzle Card” tab. Then you'll get guided step-by-step through the process of getting your virtual card.
What happens if you never pay Sezzle?
If you don't pay, you'll get reminders and you will be charged a late fee of $10. Of course, it's best to pay on time because missed payments can hurt your limits and your ability to use Sezzle in the future.
Is Sezzle a good option?
Sezzle is a good choice for minor online purchases if you can pay for a 25% down payment and can pay the entire balance within six weeks. If you make three on-time payments you won't pay interest and you can also avoid fees, which is cheaper than the average rate for a credit card.
In the end, I think you might love Sezzle. You'll be able to make some important purchases without spending an arm and a leg at once.