BNPL competition flares as Sezzle sues Shopify

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0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',r=n._store.getNotifications(),a=n._generatePanelMarkup(o,r),i.innerHTML=a;break;case"error_panel":a=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=a}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(D))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),U=function(){function e(t,n,o){L(this,e);var i=this;i._store=n,i._view=o,i._config=t;var a=i._config.panel;i._panelParentNode=document.querySelector(a.parentSelector),i._badgeNode=i._config.badge.selector&&document.querySelector(i._config.badge.selector),i._indicatorNode=a.indicatorSelector&&document.querySelector(a.indicatorSelector)}return E(e,[{key:"createPanelParentNode",value:function(){this._view.createPanelParentNode(this._panelParentNode),this._notifPanelNode=document.getElementById(D)}},{key:"refreshPanelNode",value:function(e,t){var n=this;A(n._notifPanelNode,B),n._store.fetchNotifications(e,(function(e,o){var i=window.wafer&&window.wafer.base;i&&i.destroy(n._notifPanelNode),e?n._notifPanelNode.innerHTML||(n._view.render("error_panel"),A(n._notifPanelNode,B)):(n._view.render("expanded_panel"),n._view.updateBadgeNode(n._badgeNode),n._showBadge(),n._showIndicator(),n._view.addStyles(o.css)),M(n._notifPanelNode,B),i&&i.sync(n._notifPanelNode.parentNode),t&&t(e,o)}))}},{key:"resetBadge",value:function(){var e=this;e._store.resetNewCount(),e._view.updateBadgeNode(e._badgeNode),A(e._badgeNode,e._config.badge.hideClass)}},{key:"_showIndicator",value:function(){this._indicatorNode&&(this._store.getNotifications().newCount?A(this._indicatorNode,this._config.panel.indicatorClass):M(this._indicatorNode,this._config.panel.indicatorClass))}},{key:"_showBadge",value:function(){var e=this;e._store.getNotifications().newCount?M(e._badgeNode,e._config.badge.hideClass):A(e._badgeNode,e._config.badge.hideClass)}}]),e}(),j={promos:{eligibleBodyClass:"display-push-promos",enableNotifOnboard:!0,bypassEligibleClassCheck:!1,notifOnboardBtnLabel:"Notify Me",notifOnboardMsg:"Get alerts for breaking news and top stories",promoLogo:"https://s.yimg.com/cv/apiv2/ae/news/circle_bell.png",showYahooLogo:!0,subscriptionTopic:"gondor_homerun_news"},badge:{hideClass:"",maxCount:5,selector:""},panel:{emptyPanelMsg:"You have no new 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market share.Minneapolis-based BNPL provider Sezzle is suing e-commerce giant Shopify for antitrust practices, according to a complaint filed with the U.S. District Court District of Minnesota.Sezzle alleges that Shopify engaged in monopolistic practices by charging businesses unfair fees and manipulating consumers by forcing merchants to use Shopify's online payment services, including its payments service Shopify Pay and its BNPL offering, Shopify Installments, instead of competing services, according to the complaint.In addition, Sezzle also alleges that Shopify set its own BNPL offering as the default BNPL provider on merchants' websites and "rigged" the checkout process on merchants' websites to make it "extraordinarily difficult" for consumers to use any other buy now/pay later provider."Even after consumers managed to locate and select Sezzle's BNPL option on a Shopify store's website, Shopify redirected them to a generic form, leading consumers to mistakenly believe the form was associated with Sezzle," according to the complaint.Sezzle also alleges that Shopify made it disadvantageous for merchants to offer other BNPL options by eliminating Sezzle's ability to offer tools such as sales tracking and reconciliation, as well as real-time inventory locking — a service that allows merchants to prevent over-sales."Sezzle remains committed to fostering a competitive, transparent, and consumer-friendly payments ecosystem," Charlie Youakim, Sezzle chairman and CEO, said in a statement. "This action is an important step in ensuring that merchants and consumers have access to diverse and innovative payment solutions of their choice."A Sezzle spokesperson declined to comment further on the lawsuit. Shopify did not respond to requests for comment by press time.Sezzle — which was founded in 2016 and claims to be one of the first companies to offer merchants BNPL services online — offers an app and a virtual card that consumers can use for purchases. It also directly integrates with merchants' websites.The company alleged that Shopify's anticompetitive practices cut Sezzle's business with merchants on the Shopify platform in half by 2023 when Shopify's own BNPL product started taking off. 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