Payments Innovation: Fintech | Innovation | Ecommerce

As Millennials are clouding out prior generations in the coveted 18-34 consumer space, they are using credit cards less and less. Many of them have no credit, which puts them in the never-ending “you don’t have credit, so we can’t offer you credit” cycle. Or they’ve been told to steer clear of the debt trap, so traditional plastic is a non-option for them. This leaves gaps, for both consumer needs and merchant revenue. And that’s where Sezzle comes in. Sezzle is a payment method that offers 0-interest 0-fee lines of credit to consumers while they are shopping. See a $200 jacket at a participating merchant? Use Sezzle and break that up into 4 easy payments of $50. We brought on their CEO and Founder Charlie Youakim, for our Payments Innovation podcast. He shared how the app works, why it works, and why merchants are partnering with him. Hosted on Acast. See acast.com/privacy for more information.