Buy-now pay-later services became popular over the years, providing consumers with a convenient way to pay for products. All you need to do is create an account on the BNPL platform.
Make payments in instalments without worrying about credit scores afterwards. There is no need to pay for service or interest fees when using BNPL apps. One of the popular BNPL service providers is Sezzle.
However, the Sezzle app can be accessed only from a few countries. The company offers interest-free instalment plans to the netizens of Canada, India, and the U.S.
Hence, if Sezzle is not active in your country, try out its alternatives. There are plenty of companies that offer BNPL services. Choose the one that provides the products that you want to buy online.
Additionally, buyers must check the instalment plans and features of the platform. The BNPL app must have an easy user interface. Check the payment options the company offers for making online purchases.
Don’t forget to check the deals and provide the buy-now-pay-later platform offers. Compare the prices, and then select the right BNPL company for you.
Here are the companies like Sezzle that allow you to buy products and pay them later without any interest fee:
- Affirm
Affirm is a leading BNPL company like Sezzle. It offers online buyers the ability to pay for products in instalments. This online platform offers lines of credit to potential consumers. Unlike a credit card, Affirm does not charge any interest on any balances that you didn’t pay. If you’re looking for a flexible payment option, go for Affirm.
The company also provides the option to prequalify for a loan. This can be helpful for buyers who want to purchase high-priced items but have insufficient funds. Besides, when you pay for items on Affirm, transactions will appear on your credit report. It will help you to improve or build your credit score.
How Does the Affirm App Work?
The maximum purchase amount that you can finance through Affirm is $17,500. However, if you need a higher purchase amount, connect with the company. Moreover, Affirm checks your credit history when you make a purchase. The company will approve the transaction if you have a good credit report.
Affirm provides different payment options to choose from depending on the credit limit. This credit limit is determined by your payment history, credit score and for how long you have used Affirm.
You can choose to repay the loan within 3,6, or 12 months. The company also allows buyers to make early payments without any penalties.
If you miss a payment, there is no need to pay any penalty fee. However, it can reduce your credit limit and your ability to purchase in future.
- Venue
Venue helps consumers choose from 1 million brands from their marketplace. The company offers robust payment options to buy products online. It offers a fast and easy checkout process, making online shopping more convenient. With Venue, you get different shipping and delivery options.
Pay $50 for the purchased item and get it on the same day. Otherwise, you can opt for the leasing arrangement to pay for the item for the specified time. Besides, you can send back the item if it has wear and tear.
Renowned companies like Sezzle do not provide this option. However, you must have at least $1000 in the account balance to avail this option.
How do You Need to Purchase Items from Venue?
Venue examines buyers’ three months of income history before accepting the transaction. Additionally, the company will check your monthly wage amount.
You must have a government-issued ID, SSN or Taxpayer Identification Number. Otherwise, purchasing any item from Venue might be difficult.
- Afterpay
You must have heard about this BNPL platform, right? It is the best alternative to Sezzle, which sells over $1 billion worth of products. Afterpay is a leading name in the payment solution marketplace. This BNPL service is currently available in Australia, New Zealand and the U.S.
Afterpay works like Sezzle. It also allows online buyers to make purchases and pay for them later in instalments. Besides, there are no additional charges associated with the payment. Afterpay doesn’t also conduct credit checks before accepting the transactions. You can buy household and fashion products from the company’s site.
How Does the Afterpay App Work?
You must first create an account on Afterpay. Provide the details like your address, contact number and link to a credit/debit card. Afterwards, the company will generate a spending limit which will be around $500. This limit can be increased if you make on-time payments.
You have to pay at least 25% of the purchased product price. The company will then divide the remaining balance into 3 instalments. Consumers must repay the amount within two weeks.
If you miss the repayment, it won’t impact your credit score. However, Afterpay might stop you from making further purchases from their platform.
- Klarna
Klarna is the best company that offers convenient payment options to buy items and pay for them later. With this app, buyers can opt for direct payments or split them into instalments. You can buy your required items from any US retailer that accepts credit cards via Klarna.
From health to beauty products, you get everything from this platform. Besides, Klarna offers the best deals on fashion products. Get a 30% discount on designer clothes by accessing their mobile app. Additionally, you can buy items online from the Klarna website.
How Does the Klarna App Work?
Use the Klarna app to get a seamless experience when buying your favourite items online. Download and install the Klarna app on an Android or iOS device. Once you tap on the “Sign Up” option, the app will ask you to provide a few details.
Enter the required information and click “Submit”. The Klarna app will then perform a quick credit check. Afterwards, it will allow you to purchase the product you need. Choose from the three financial options the app provides.
Online buyers can either opt to pay in 4 days, 30 days or 6-36 months. The 4-day payment option is interest-free and ideal for small purchases. However, it requires a 25% down payment to use this payment option.
The 30-day payment option is also interest-free. However, you need to clear off the instalments within the provided time. You can return the items if you choose this option. Whereas the 6-36 months option lets you make monthly payments until you pay off the debt.
Alternative Apps or Companies like Sezzle
You can use Zip if you are looking for a buy-now-pay-later app like Sezzle. It offers the best in-store and online instalment plans in the U.S., Canada, UK and Australia. Users can pay for the item later without an interest fee via Zip Pay.
Besides, Perpay is a great Sezzle alternative that offers interest-free financing plans.
You can pay for items in instalments using their mobile app. Perpay partnered with 200+ leading retailers.
It is a one-stop shop for buying electronics and home goods. So, choose the best Sezzle alternative and pay for the items in the comfort of your home.
