Sezzle, a FinTech based in Minneapolis, is suing GameStop over allegations that the video game retailer broke a contract by dropping Sezzle’s payment services, the Minneapolis/St. Paul Business Journal wrote Monday (July 18).
Sezzle operates a buy now, pay later (BNPL) system letting customers pay for purchases over time. GameStop was one of numerous retailers using Sezzle in the U.S.
The complaint, filed in county court in St. Paul, said the two sides entered into a two-year contract in November 2020. The FinTech offered its digital payment services for GameStop customers and Sezzle took 2.5% and 30 cents for every transaction.
GameStop also had a prominent link and portal for Sezzle on the website.