Sezzle vs. Afterpay — What's the Difference?
Edited by Tayyaba Rehman — By Urooj Arif — Updated on April 15, 2024
Sezzle offers interest-free installment payments with a focus on financial responsibility, while Afterpay is known for its wider merchant acceptance and consumer base.
Difference Between Sezzle and Afterpay
Table of Contents
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Key Differences
Sezzle promotes responsible spending by setting spending limits based on user behavior, which encourages manageable debt. Afterpay, on the other hand, provides a similar buy now, pay later service but often with higher initial spending limits.
Sezzle conducts soft credit checks that do not impact a user’s credit score, aiming to protect financial health. Whereas Afterpay also performs soft checks, focusing on instant approval rather than comprehensive credit evaluations.
Sezzle allows users to reschedule payments up to three times, which can help manage financial surprises. Afterpay allows for payment rescheduling as well, though its terms can vary slightly, focusing more on automatic payment setups.
Sezzle's user interface is designed to be straightforward and user-friendly, catering to a demographic that values simplicity. Afterpay, meanwhile, integrates more directly with retailers, offering a seamless checkout process that can enhance the shopping experience.
Sezzle is primarily used in the United States and Canada, focusing on North American consumers. Afterpay, while also popular in the United States, has a significant presence in Australia, the UK, and New Zealand, providing a broader international reach.
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Comparison Chart
Credit Check
Soft check, no impact on credit
Soft check, no impact on credit
Payment Rescheduling
Up to 3 times
Limited, varies by terms
Market Focus
North America
Global (including Australia, UK)
Initial Spending Limit
Based on user behavior
Generally higher
Integration
User-friendly app
Seamless retailer integration
Compare with Definitions
Sezzle
Known for promoting financial responsibility among users.
Sezzle sets spending limits to encourage responsible buying.
Afterpay
A global payment solution that splits purchases into four payments.
Afterpay allows you to spread the cost of your purchase over four equal installments.
Sezzle
Offers soft credit checks to avoid affecting users' credit scores.
Choosing Sezzle means no worries about your credit score taking a hit.
Afterpay
Offers a seamless integration with online retailers.
Afterpay is integrated into your favorite online store’s checkout.
Sezzle
Provides options for payment rescheduling.
Sezzle users can reschedule a payment up to three times.
Afterpay
Conducts minimal credit checks for quick approval.
Afterpay’s quick approval process helps you shop without delay.
Sezzle
Operates mainly in the USA and Canada.
Sezzle is a popular choice for installment payments in North America.
Afterpay
Facilitates automatic deductions from your account.
With Afterpay, the next installment is automatically deducted from your linked account.
Sezzle
A payment platform that allows installment purchases without interest.
Sezzle lets you buy now and pay later in four installments.
Afterpay
Has a significant presence in multiple countries.
Afterpay is available in countries like Australia, the UK, and the USA.
Sezzle
Sezzle is a publicly traded financial technology company headquartered in Minneapolis, U.S operating in the United States and Canada. The company provides an alternative payment platform offering interest-free installment plans at selected online stores.
Afterpay
Afterpay Limited (abbreviated as Afterpay or APT) is an Australian financial technology company operating in Australia, the United Kingdom, Canada, the United States, and New Zealand. Afterpay was founded in 2015 by Nick Molnar and Anthony Eisen.In June 2017, Afterpay merged with one of its technology suppliers, Touchcorp, to form the Afterpay Touch Group.
Common Curiosities
What is Sezzle?
Sezzle is a payment platform that allows users to make purchases now and pay later in four interest-free installments.
What happens if I miss a payment with Sezzle?
Missing a payment may incur fees and can result in a frozen account until the balance is paid.
Can Sezzle affect my credit score?
No, Sezzle performs soft credit checks that do not impact your credit score.
Is Afterpay available internationally?
Yes, Afterpay is available in several countries including Australia, the USA, UK, and New Zealand.
How does Afterpay work?
Afterpay splits your purchase into four equal payments, due every two weeks, without any interest.
What are the benefits of using Afterpay?
Afterpay offers the convenience of deferred payments without interest and is integrated with numerous retailers.
Does Sezzle offer customer support?
Yes, Sezzle offers comprehensive customer support to assist with any issues related to payments or accounts.
How do I sign up for Afterpay?
You can sign up for Afterpay by creating an account through their website or app during the checkout process at participating stores.
What type of purchases can I make with Sezzle?
Sezzle can be used for a wide variety of purchases, ranging from clothing to electronics, as long as the retailer supports it.
How afterpay is more convenient than other local pay?
Afterpay is available in various countries and provides a flawless transaction experience.
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Written by
Urooj ArifUrooj is a skilled content writer at Ask Difference, known for her exceptional ability to simplify complex topics into engaging and informative content. With a passion for research and a flair for clear, concise writing, she consistently delivers articles that resonate with our diverse audience.
Edited by
Tayyaba RehmanTayyaba Rehman is a distinguished writer, currently serving as a primary contributor to askdifference.com. As a researcher in semantics and etymology, Tayyaba's passion for the complexity of languages and their distinctions has found a perfect home on the platform. Tayyaba delves into the intricacies of language, distinguishing between commonly confused words and phrases, thereby providing clarity for readers worldwide.
