The California Department of Business Oversight ruled the point-of-sale vendor is making a loan, which it is not authorized to do, rather than simply offering interest-free “buy now, pay later” options. Sezzle offers its services to more than 5,000 retailers.
Read the full article from the Sacramento Business Journal.
Estimated reading time: 0 minutes, 23 seconds
California Regulators Block Fintech’s 'Buy Now, Pay Later' Service
Regulators in California have blocked fintech startup Sezzle from offering its “buy-now-and-pay-later” service, including its use on sites like Etnies, Jessica Simpson and Madison + Mallory. So reports the Sacramento Business Journal.
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