US-based ‘Buy Now, Pay Later’ technology provider Sezzle has chosen Bank of America Merchant Services to be its digital card processor.
Bank of America Merchant Services will provide Sezzle with global payment platform powered by Visa’s CyberSource.
Sezzle’s ‘Buy Now, Pay Later’ solution allows shoppers to split their eCommerce purchases into four interest-free installments.
The platform also enables buyers to spread payments out over six weeks with no extra cost.
Sezzle makes upfront and full payment to its merchants besides assuming repayment risk.
Sezzle founder and CEO Charlie Youakim said: “We are looking forward to working with Bank of America Merchant Services. They are a leading innovator in the digital ecommerce space which makes them an ideal provider for Sezzle as we rapidly scale in the North American market.”
Bank America Merchant Services EVP, general manager and head of sales for North America David Ades said: “We’re thrilled to provide our payment solutions to this exciting business. Sezzle has a deep understanding of consumer shopping behaviors and financial needs – and their offering really hits home with millennials.”
Bank of America Merchant Services helps businesses in optimising global digital commerce by bringing together eCommerce, security solutions and market leading payment.
It processes 17.3 billion transactions at 700,000 merchant locations throughout the US, Canada and Europe.