Benzinga | Nov 22, 2021 08:51AM EST

Newegg Partners With Zip For 'Buy Now, Pay Later' Service

* Newegg Commerce Inc (NASDAQ:NEGG) has signed a partnership agreement with Zip Co Limited, a payments company, to give its customers in Canada access to Zip's Buy Now, Pay Later installment payment service.

* Zip will let consumers split qualifying purchases made on newegg.ca into four interest-free installments paid over six weeks.

* Newegg joins more than 55,000 retailers that are part of the Zip global merchant network.

* Price Action: NEGG shares are trading higher by 1.09% at $17.57 in premarket on the last check Monday.