Charlie Youtheen, CEO of Sezzle, explains how the interest-free installment payment platform works for boutiques. Merchants get paid upfront and pay roughly 6% in fees. Signup takes about 5 minutes online or by email.
Questions this video answers
March 12, 2018
About five minutes
As 'plus three' (plus 3) on top of the merchant's processing
About 6%
Chapters
Hey guys, it's Ashley with the boutique hub. And I am so excited to introduce you to Charlie Youtheen, the CEO of Sezzle, which is a payment solutions company that I think is going to revolutionize the way that boutiques and retailers do business. So I can't even begin to introduce this the way that you can because I think it's so awesome. Tell me about Sezzle.
Sure. So Sezzle is an interest free installment plan for e commerce merchants right now. E comm right now. But we're eventually gonna get to point of sale. But the idea behind Sezzle is that our interest free installments help young consumers in particular get additional purchasing power and checkouts, which helps drive additional sales for merchants.
Right. So in a nutshell, this is like reverse layaway where a consumer can come in, they can pay in installments, but they get the product shipped to them immediately. Right. And it's no hassle. The retailer gets their money up front.
Exactly.
So how can a boutique get started with Sezzle?
Well, if they want to, they can, you know, either contact us directly through our email channel, salesezz, or they can sign up online and we'll reach out. We've got an easy online sign up. It takes like five minutes for someone to sign up. Really easy.
Perfect. And fee structure, how does it work?
We typically try to frame up our fees as a plus three on top of a merchant's processing.
Okay.
So for a very small merchant, it'd be probably around 6%. You know, if you have low volumes, but if you have higher volumes and you've already negotiated better rates with your payment processor, we'll basically just piggyback right on top of that negotiation because you've already done all the hard work on that, you know, that negotiation. So we'll make it easy.
Awesome. Simple. Well, you guys make sure you check out se inside of the boutique hub. If you're at Magic, you can check them out here and Minneapolis base go Midwest. Right.