Flexible repayments from $40/month, choose weekly, fortnightly or monthly.

$6 monthly fee, which you won’t pay if your balance is zero

Pay no interest ever with Zip Pay. Get 3 months interest free with Zip Money



What is the difference between Zip Pay and Zip Money? 

Zip Pay is an interest-free buy-now-pay-later service with a credit limit of up to $1000. Repayments are based on a minimum monthly payment from as little as $10 per week. With Zip Pay, you can shop everywhere when you add your Zip card to your Apple or Google wallet.

Zip Money is a line of credit with credit limits between $1,000 and $3000 for regular accounts and up to $50,000 for specific merchants. Zip Money offers customers a guaranteed interest-free period of 3 months across all products and up to 36 months with some retailers. Zip Money accounts incur a one-off establishment fee for certain credit limits.

Both products incur a $6 monthly account service fee when there is an outstanding balance at the end of each month. Both products also feature our Shop Everywhere card, which you can use at any online retailer


Is Zip suitable for everyday purchase? 

Zip is perfect for everyday purchases and offers the ability to transact just about everywhere, so you can manage all your expenses in one place and repay on a schedule that suits you.

To shop instore, Zip Pay users can checkout using Tap & Zip. To get started with Tap & Zip, simply navigate to the Zip app and click on the card icon in the bottom menu. From there, you will be able to generate a multi-use Tap & Zip card and add it to your Apple Pay or Google Pay wallet.

To shop online, use the Zip mobile app and generate a single-use card at the checkout anywhere Visa is accepted. Zip also lets you repay your balance on your own terms, selecting weekly, fortnightly or monthly, as long as you pay minimum $40 per month.


How do repayments work? 

The repayment schedule is automatically set to cover your minimum monthly repayment. Repayments are automatically direct debited from the payment method that you added when you created the account. You can change the payment method at any time and the frequency of your payments to weekly, fortnightly or monthly. Choose what works best for you.


What are the fees? 

Your Zip Pay or Zip Money account has a monthly account keeping fee of $6. This is only charged when you have an outstanding balance. Pay your balance by the due date and we’ll waive the account fee.


How do refunds work?

If you’d like a refund on a Zip purchase, you’ll need to contact the retailer directly and follow their normal returns process. They will process the refunded amount back into your Zip account. If a refund puts your Zip account in credit, you can contact us to have the amount refunded to your bank account instead. Or, simply use it for your next purchase.


How can Zip help with my business?

Zip Business solutions can help your business grow.

Boost your sales by accepting Zip Payments.

Control your cashflow with Zip Business Trade, which gives you up to $3,000 to cover your business expenses, invoices and utility bills now, and pay us back later once you get paid.

Zip Business Capital can take your business to the next level with a line of credit up to $500k you could invest in equipment, inventory, staff, or new market growth.


Is Zip a buy now, pay later like Afterpay, Klarna, Humm, and Latitude? 

Yes! However, Zip allows you to shop just about everywhere, online and instore. We give you the flexibility to set your repayment schedule to suit your lifestyle – choose weekly, fortnightly, or monthly. You can also pay your bills, manage your subscriptions, buy gift cards and earn rewards when you use the Zip app.

(SOURCE: https://zip.co/au)

Read more here  –     https://zip.co/au/how-zip-works