Sezzle Teams With Yapstone to Bring BNPL to Vacation Rentals

Buy now, pay later (BNPL) firm Sezzle is teaming up with travel payment platform Yapstone to bring installment payments to vacation rentals, according to a Monday (March 7) press release.

The partnership connects Yapstone’s millions of consumers with Sezzle’s long-term financing product, which offers 0% APR options. People can choose among the thousands of vacation rentals Yapstone has available, including enterprise clients such as CiiRUS and Track. With over 23 years in the travel industry, Yapstone processes more than $7 billion annually in over 140 different currencies worldwide, per the release.

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“After reviewing the BNPL space, Sezzle’s leadership was clear, and we look forward to our partnership. Our merchant clients are excited to have long-term financing as a competitive differentiator and look forward to Sezzle going live as the travel market continues to re-open post-Covid,” Yapstone Chief Operating Officer Mike Orlando said in the announcement.

There is an expanding market of customers worldwide who are looking to schedule vacations on a budget. According to a 2021 Sezzle survey, over 81% of respondents indicated they would go on vacation more often if they could pay with Sezzle.

Read more: Tripadvisor Teams With Tourism Data Firm To Aid In Travel Recovery

“In partnership with Yapstone, Sezzle aims to serve consumers as we come out of the pandemic and demand for travel rises. Yapstone opens the door to thousands of vacation rental options, and we look forward to bridging their community of shoppers with Sezzle’s responsible, budget-friendly financing solutions,” said Sezzle Chief Revenue Officer Veronica Katz.

Founded in 2016 and headquartered in Minneapolis, Minnesota, Sezzle offers interest-free installment options in-store and online. Consumers apply online for instant approval with no impact on credit scores unless the consumer elects to opt-in to a credit building feature, called Sezzle Up. Sezzle now offers a full suite of payment options including pay in 4 and long-term options.