- What is zipPay
zipPay is a safe, simple and 100% interest-free account, offering you the ability to buy now and pay later, on your terms. zipPay is owned by ASX listed Zip Co Limited (ASX: Z1P), with all operations based in Sydney, Australia. Our mission is to make finance fairer for everyone.
- How does it work
Apply once and we’ll give you a decision on the spot. If approved, you can use your account immediately to purchase wherever you see zipPay at checkout. We pay the retailer on your behalf and your purchase can be dispatched or taken home straight away. You simply pay us back over time at a frequency to suit your lifestyle, and pay no interest ever.
- How can I manage my repayments
On the 1st of each month, we’ll send you a statement. You’ll need to make a minimum monthly repayment of $40 (or remaining balance if less than $40). If you pay back your statement balance before the end of the month, the $6 Account fee will be waived. We know flexibility is important, so you can set up a weekly, fortnightly or monthly repayment schedule to suit you.
- Am I eligible for zipPay
You are eligible to apply if you are an Australian citizen or permanent resident that is at least 18 years old, have a valid a Facebook or PayPal account (in your name) and your own debit card. You will also need your own mobile phone.
- What are the fees
A $6 Account fee applies, however this monthly fee is waived if the balance is paid by the due date. No balance, no fees. A late fee of $5 may be charged if you do not make the minimum monthly repayment within 3 weeks of the due date. That’s it. You won’t find any other fees hidden in the small print. And remember, you’ll never be charged interest on a zipPay purchase.
- How do I reuse my account
You can reuse your account wherever you see zipPay online or in-store. Simply select zipPay at checkout, sign in to your account to confirm your purchase and it will be added to your balance. You can add as many purchases as you like to your account (up to your account limit), then simply choose how much to pay back each month.