MINNEAPOLIS, October 19, 2021 (Newswire.com) - Sezzle Inc. (Sezzle or Company), a leader in the Buy Now, Pay Later industry, today announces that their Home Decor retail partners are seeing significant increases in average order values, repeat usage, and conversion rates, along with drastic decreases in return rates.
Sezzle's interest-free online payment option is growing in popularity, as millions of shoppers opt for the convenience of paying in four easy installments, over six weeks, with zero interest. Home Decor is a growing category within Sezzle as it focuses on bringing flexible payments to consumers across all verticals. Recent additions to Sezzle's impressive roster of Home Decor retailers include Lamps Plus, Touch of Modern, Brandless, and Bellacor.
"Sezzle has proven to be a valuable flexible payment option for Lamps Plus because some customers prefer to make four equal payments over time instead of paying the full amount at the time of their purchase," said Lamps Plus President Clark Linstone. "Home furnishings e-commerce customers demand flexible payment options and Sezzle has proven to be the right solution for our business. We have captured more orders because we offer Sezzle at checkout."
In a recent Sezzle user survey, Home and Decor was the most requested category to have in-store with Sezzle. Home has shown to be one of the fastest-growing categories on Sezzle, with Home and Decor retailers up over 140% year over year.
Sezzle's secure online payments service enables retailers to maximize online conversion, which is illustrated by the numerous Sezzle-driven benefits and increases seen in the Home Decor category. With Sezzle, Home Decor stores see AOV increase by 18%; conversion rates up to 61%; repeat usage to 54%, and return rates reduced to a mere 4% -- compared to an industry average of 10-15%.
About Sezzle Inc.
Sezzle is a fintech company on a mission to financially empower the next generation. Sezzle's payment platform increases the purchasing power for millions of Active Consumers by offering interest-free installment plans at retailers.
This increase in purchasing power for consumers leads to increased sales and basket sizes for the more than 40,000 Active Merchants that offer Sezzle.
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