Payments platform LaCore Payment Technologies (LPT) will now offer a buy now, pay later (BNPL) option to its eCommerce merchants as a preferred payment method via a strategic partnership with BNPL startup Sezzle.
LPT Chairman Terry LaCore said in a press release on Thursday (Aug. 26) that the company aligned with Sezzle “because they provide a solution to our customers looking to expand purchase power with alternative payment options.”
He pointed to Sezzle’s growing popularity and its “easy-to-use BNPL solution” as a trusted option that can be customized for its merchants’ needs — “a must for our clients.”
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The Melissa, Texas-headquartered global enterprise payments platform also pointed to the high demand for BNPL. When LPT was on the hunt for a partner, Sezzle offered a “responsible and scalable way” for people to build credit without fees to either the merchant or the shopper.
A lot of research and analysis went into choosing Sezzle as its partner, according to the release. A driving factor in the decision was Sezzle’s technology and its “commitment to excellence.” The partnership aims to give LPT another solution it can offer merchants to help them grow while giving them the opportunity to “provide their customers the ultimate payment solution.”
LPT is a global enterprise payments platform that offers payment gateways, processing and fraud protection to eCommerce retailers in the direct selling space. The partnership with Sezzle gives LPT a way to offer its merchants flexible, interest-free installment plans.
LPT said it understands the modern consumer does not always use traditional credit cards and looks for credit alternatives to budget cash flow while avoiding credit card interest.
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Based in Minneapolis, Minnesota, and founded in 2016, Sezzle will be seamlessly integrated as a payment gateway as part of LPT’s enterprise platform. Merchants will be able to easily add the BNPL option at checkout.