Sezzle had a reasonable argument as to why it did not require a licence to operate such a program and asserted that the credit purchase contracts offered by merchants to their customers are not CFL loans, since these transactions are expressly excluded from the CFL, while they are otherwise subject to California consumer protection legislation.  However, the exception is limited and California law is excluded only from sales of good faith credit under the appropriations laws, under which such “sales agreements… [are not used to bypass CFL.  “We have already established a large family of retailers who have unlocked access to Sezzle`s growing user base. Canadian shoppers can pay with Sezzle on thousands of sites, but we are pleased to work with more than a thousand retailers in Canada,” said Patrick Chan, Patrick Chan, Gm of Sezzle Canada. “We are not on board business partners and we forget about them; Rather, our approach is to create lasting relationships that benefit not only our businesses, but above all our common customers. MINNEAPOLIS and TORONTO, October 8, 2020 /CNW/ — Sezzle Inc. (ASX: SZL) / – Sezzle Goal-Oriented Payment Solution announced that it has added to its thousandth Canadian retailer, which represents a growth rate in the Canadian market, after starting operations in the country just over a year ago (mid-2019). Today, more than a thousand retailers across Canada, covering a wide range of sectors and segments, offer interest-free sezzle s; Pay-in-four; “Buy Now, Pay Later” solution. This milestone demonstrates the rapid introduction of Sezzle`s payment solution, as it has recently entered the Canadian market. The economic uncertainty associated with the problems of COVID-19 has led to a growing demand for flexibility in consumer payments. Increased consumer demand has driven Sezzle`s rapid recovery among both Canadian merchants and consumers — a reflection of the growing market interest in alternative payment solutions. Sezzles` “Buy Now, Pay Later” business model creates an interest-free, zero-impact-to-credit-score, no-additional-fee solution solution for all U.S. and Canadian buyers.
Softmoc, a Canadian footwear retailer, is one of many major retailers joining Sezzle`s growing list of Canadian distributors. “We loved the partnership with Sezzle. We`ve seen a huge increase in the use of Buy Now, Pay Later since we started offering Sezzle to our customers, and we want to make sure we offer the smartest solutions for our users – that`s why Sezzle is useful to us.