Sezzle Partners with Shoplazza to Offer Flexible Payment Options to Merchants
Sezzle (NASDAQ: SEZL) announces a strategic partnership with Shoplazza, an e-commerce platform, to provide Buy Now, Pay Later (BNPL) solutions to US merchants. The integration enables Shoplazza merchants to offer flexible payment options including Pay in 4 and Pay in 2 loans issued by WebBank. The partnership aims to drive incremental sales, increase Average Order Value (AOV), boost cart conversion rates, and build customer loyalty. Additionally, through Sezzle Up, consumers can opt for credit reporting to improve their credit performance while managing finances.
Sezzle (NASDAQ: SEZL) annuncia una partnership strategica con Shoplazza, una piattaforma di e-commerce, per fornire soluzioni di Acquista Ora, Paga Dopo (BNPL) ai commercianti statunitensi. L'integrazione consente ai commercianti di Shoplazza di offrire opzioni di pagamento flessibili, tra cui il pagamento in 4 rate e prestiti in 2 rate emessi da WebBank. La partnership mira a generare vendite aggiuntive, aumentare il Valore Medio dell'Ordine (AOV), migliorare i tassi di conversione del carrello e costruire la fedeltà dei clienti. Inoltre, tramite Sezzle Up, i consumatori possono scegliere la segnalazione al credito per migliorare le loro performance creditizie mentre gestiscono le finanze.
Sezzle (NASDAQ: SEZL) anuncia una asociación estratégica con Shoplazza, una plataforma de comercio electrónico, para proporcionar soluciones de Compra Ahora, Paga Después (BNPL) a los comerciantes de EE. UU. La integración permite a los comerciantes de Shoplazza ofrecer opciones de pago flexibles, incluyendo el pago en 4 cuotas y préstamos en 2 cuotas emitidos por WebBank. La asociación tiene como objetivo impulsar las ventas adicionales, aumentar el Valor Medio de los Pedidos (AOV), mejorar las tasas de conversión del carrito y fomentar la lealtad del cliente. Además, a través de Sezzle Up, los consumidores pueden optar por la información crediticia para mejorar su rendimiento crediticio mientras gestionan sus finanzas.
Sezzle (NASDAQ: SEZL)는 전자상거래 플랫폼인 Shoplazza와 전략적 파트너십을 체결하여 미국 상인에게 지금 구매하고 나중에 지불하는(BNPL) 솔루션을 제공합니다. 이 통합을 통해 Shoplazza 상인은 WebBank가 발행하는 4회 또는 2회 분할 지불 옵션을 제공할 수 있게 됩니다. 이 파트너십은 추가 매출을 촉진하고 평균 주문 가치(AOV)를 증가시키며 장바구니 전환률을 높이고 고객 충성도를 구축하는 것을 목표로 합니다. 또한, Sezzle Up을 통해 소비자는 재정 관리를 하면서 신용 실적을 개선하기 위해 신용 보고를 선택할 수 있습니다.
Sezzle (NASDAQ: SEZL) annonce un partenariat stratégique avec Shoplazza, une plateforme de commerce électronique, pour fournir des solutions d'Achetez Maintenant, Payez Plus Tard (BNPL) aux commerçants américains. L'intégration permet aux commerçants de Shoplazza d'offrir des options de paiement flexibles, y compris le paiement en 4 fois et des prêts en 2 fois émis par WebBank. Le partenariat vise à générer des ventes supplémentaires, à augmenter la Valeur Moyenne des Commandes (AOV), à améliorer les taux de conversion des paniers et à fidéliser les clients. De plus, grâce à Sezzle Up, les consommateurs peuvent opter pour le reporting de crédit afin d'améliorer leur performance de crédit tout en gérant leurs finances.
Sezzle (NASDAQ: SEZL) kündigt eine strategische Partnerschaft mit Shoplazza, einer E-Commerce-Plattform, an, um Händlern in den USA Lösungen für Jetzt kaufen, später bezahlen (BNPL) anzubieten. Die Integration ermöglicht es Shoplazza-Händlern, flexible Zahlungsoptionen anzubieten, einschließlich Zahlung in 4 Raten und 2 Raten-Darlehen, die von WebBank vergeben werden. Die Partnerschaft zielt darauf ab, zusätzliche Verkäufe zu generieren, den Durchschnittswert der Bestellungen (AOV) zu erhöhen, die Konversionsraten des Warenkorbs zu steigern und die Kundenloyalität zu fördern. Darüber hinaus können Verbraucher über Sezzle Up die Kreditberichterstattung wählen, um ihre Kreditwürdigkeit zu verbessern, während sie ihre Finanzen verwalten.
- Partnership expands Sezzle's merchant network through Shoplazza's platform
- Potential for increased sales volume through BNPL offering
- Opportunity to improve cart conversion rates
- Potential to increase Average Order Value (AOV)
- None.
Insights
This partnership represents a strategic move in the competitive BNPL space, though its immediate financial impact may be modest. Shoplazza, while growing, has a smaller merchant base compared to major e-commerce platforms. The deal's value lies in its potential to drive incremental revenue growth through three key metrics:
- Higher cart conversion rates from reduced abandonment
- Increased average order values (AOV)
- Enhanced merchant acquisition in the US market
The partnership aligns with current market trends showing rising BNPL adoption, particularly among younger consumers. However, investors should note that revenue impact will depend on merchant adoption rates and transaction volumes, which may take several quarters to materialize meaningfully.
Shoplazza’s US Merchants Gain Competitive Edge with Sezzle’s Buy Now, Pay Later Solutions
Minneapolis, MN, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Sezzle Inc. (NASDAQ: SEZL) (Sezzle or Company) // - Sezzle, a leader in the flexible payments industry, is proud to announce a new partnership with Shoplazza, an innovative e-commerce platform. This collaboration will enable thousands of Shoplazza merchants doing business in the US to offer flexible payment options through Sezzle, enhancing the shopping experience for their customers and providing significant business growth opportunities for merchants.
In today’s competitive e-commerce landscape, flexible payment options are crucial for attracting and retaining customers. More consumers are seeking alternative payment methods that provide convenience and financial flexibility. By integrating Sezzle BNPL (Buy Now, Pay Later) service, with Pay in 4 and Pay in 2 loans issued by WebBank, Shoplazza merchants can cater to this demand, facilitating easier purchases without the immediate financial burden.
Benefits of Sezzle:
- Driving Incremental Sales: The Sezzle BNPL option empowers shoppers to make responsible purchasing decisions by allowing them to pay in manageable installments. This can lead to higher sales volume as customers feel more confident completing their purchases, knowing they can budget their payments over time.
- Increasing Average Order Value (AOV): With the financial flexibility provided through Sezzle, shoppers can comfortably manage their budgets, potentially increasing their spending per transaction. This responsible payment option helps merchants enhance the shopping experience, leading to higher average order values (AOV) while ensuring customers remain financially healthy.
- Boosting Cart Conversion Rates: Cart abandonment is a significant challenge in e-commerce. By offering a BNPL option, Shoplazza merchants can reduce cart abandonment rates. Customers who might be hesitant to complete a purchase due to budget constraints are more likely to finalize their transactions when they have the option to pay over time.
- Building Customer Loyalty: Providing flexible payment solutions helps build trust and loyalty among customers. Shoppers appreciate the convenience and financial management benefits that using Sezzle offers, which can lead to repeat business and long-term customer relationships.
- Enabling Credit Building: The Sezzle solution provides a responsible way to pay over time while giving the option to consumers to report their credit. Sezzle Up, the Sezzle opt-in credit reporting feature, can attract a broader customer base, including those looking to improve their credit performance while managing their finances effectively.
“We are excited to partner with Sezzle and bring flexible payment solutions to our merchants. By offering the Sezzle BNPL option, consumers can take hold of their financial freedom and access our merchants' products without financial strain. This partnership represents a significant step forward in making e-commerce more inclusive, driving sales, and increasing conversion rates for our merchants,” said Alyson Zhang, Co-founder, COO, and Head of Internationalization at Shoplazza.
“We are excited to partner with Shoplazza and extend innovative payment solutions through Sezzle to a wider audience. This collaboration allows us to support more merchants in driving growth and improving customer experiences. At Sezzle, we are dedicated to expanding our reach and continuously providing consumers with the financial flexibility they need. Together with Shoplazza, we aim to make shopping more accessible and rewarding for everyone,” said Paul Paradis, President and cofounder of Sezzle.
This partnership marks a significant step forward in providing innovative, flexible, and responsible payment solutions to the e-commerce market.
Interested in adding Sezzle to your business? Learn more here.
About Sezzle Inc.
Sezzle is a fintech company on a mission to financially empower the next generation. Sezzle’s purpose-driven payment platform increases consumers' purchasing power by offering interest-free installment plans online and in-store. Sezzle’s transparent, inclusive, and seamless payment option allows consumers to take control over their spending, be more responsible, and gain access to financial freedom.
For additional assets and news on Sezzle please visit https://my.sezzle.com/news/
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Sezzle US Media Contact:
Erin Foran
Tel: (651) 403-2184
Email: erin.foran@sezzle.com
About Shoplazza
Shoplazza is dedicated to empowering businesses in the digital economy. Shoplazza's comprehensive Omnichannel All-in-One Solution enhances operational efficiency, optimizes customer engagement, and boosts sales performance. Shoplazza's AI-powered tools, integrated POS systems, E-commerce solutions for online stores, and inventory management solutions provide businesses with the tools they need to succeed. With Shoplazza, businesses can thrive and drive forward in today’s competitive market.
FAQ
What payment options does Sezzle (SEZL) offer through the Shoplazza partnership?
How does Sezzle's (SEZL) partnership with Shoplazza benefit merchants?
What is Sezzle Up and how does it work with the Shoplazza integration?
