Sezzle is a “buy now, pay later” (BNPL) company that offers payment plans for online and in-store purchases. These plans let you split up your purchase at checkout, so you pay the total balance over a series of installments, instead of all at once.

Sezzle doesn’t charge interest for using its shorter plans, but it may charge fees. You can shop at many popular retailers via the Sezzle app, including Target, Lowe’s and PetSmart.

Sezzle offers a pay-in-four payment plan to shoppers. With this plan, your balance will be divided into four equal payments, with the first payment due at checkout, and the remaining three due every two weeks until the loan is paid in full.

For example, if you have a cart totaling $200 and you opt in to Sezzle, you’ll pay $50 at checkout, followed by three installments of $50 spread out over six weeks. After the first payment, installments are billed to the debit or credit card you used to make the initial payment or are withdrawn from your bank account if you opt in to that option.

Sezzle doesn’t charge interest for its pay-in-four plan, but it may charge a convenience fee for using a debit or credit card after the first installment, a late fee for missed payments or a payment rescheduling fee (more on these fees later).

In addition to its pay-in-four plan, Sezzle also offers an interest-free option to pay in two installments — meaning you split the purchase in half, with the first half due at checkout and the second half due two weeks later.

Finally, Sezzle offers monthly financing with terms ranging from three months to four years. These longer payment plans may charge interest — with annual percentage rates from 5.99% to 34.99% — though 0% APR offers may be available.

Whether you should use Sezzle depends on your specific financial situation. Weigh the pros and cons below to decide if it’s the right fit for you.

Zero-interest loans: Sezzle’s pay-in-four and pay-in-two let you split up a purchase for no additional cost, which is hard to find among traditional credit products, especially those that don’t have a minimum credit score requirement.

Free payment rescheduling: Sezzle lets you reschedule one payment per order for free, delaying payment up to two weeks. Not all BNPL lenders offer this flexibility, which can help you avoid missing a payment and being charged a late fee. Sezzle may let you reschedule multiple times per order, but additional reschedules each come with a $7.50 fee.

Credit reporting: Sezzle shoppers can opt in to Sezzle Up, which gives Sezzle permission to report your payment history to the three major credit bureaus (Experian, Equifax and TransUnion). This perk, exceedingly rare among BNPL lenders, can help you build credit by showing a history of on-time payments to your Sezzle account. However, late payments can hurt credit.

To qualify for Sezzle Up, you must pay off one purchase on time or early, link a bank account and verify certain information like your Social Security number.

Charges late fee: If Sezzle is unable to acquire payment within a set grace period after the due date (if you don’t have enough funds in your bank account, for example), it charges a late payment fee up to $15. This fee is high compared to other BNPL providers, and some providers don’t charge late fees at all. Sezzle’s late fees are capped at 25% of the order amount.

Charges convenience fee: Sezzle may charge a convenience fee up to $1.50 for using a debit or credit card after the first installment. You can avoid this fee by connecting your bank account to pay off your remaining installments. Still, few BNPL lenders charge this type of fee.

Accepts credit cards for repayment: Sezzle lets you use a credit card when you check out with its pay-in-four. Though this is very common among BNPL providers, it essentially means you can pay off credit with credit, potentially exposing you to even greater debt or fees.

NerdWallet recommends using BNPL only for necessary expenses. Though BNPL can be a convenient and low-cost payment option, you’re still taking on debt, and it’s rarely a good idea to go into debt for a nonessential purchase.

To be eligible for Sezzle, you’ll need to be at least 18 years old, have a U.S. or Canadian phone number that receives texts, be able to verify your email address and provide a payment method like a debit or credit card.

According to the company, approval decisions are instantaneous, and you’ll receive an initial spending limit based on what Sezzle thinks you can safely pay back. If you make all payments on time, your credit limit may increase.

Sezzle will conduct a soft credit pull when you apply for a payment plan. This doesn’t affect your credit score, and there is no minimum credit score requirement to use Sezzle.

Sezzle’s pay-in-four is similar to the pay-in-four plans offered by BNPL providers like Klarna and Afterpay, which have no interest but may charge some fees, especially if you miss a payment. Both Klarna and Afterpay also have monthly financing options.

The easiest way to shop with Sezzle is to download the Sezzle app. You can create an account, see what credit limit you’re approved for and shop at stores directly from the app.

Once you have a Sezzle account, you’ll also have access to Sezzle Virtual Card which is accepted at select stores. You can use this card like a credit card to check out online or save the card to your mobile wallet and use it to complete your purchase in the store.