The smarter way to pay for what you want today
That's it. Easy.
If you pay off your balance by the due date, we’ll waive the fee.
We own easyWe only charge a $6 monthly account fee when you have an outstanding account balance.
If you pay off your balance by the due date, we’ll waive the fee.
What is Zip Pay?
Globally, Zip has grown into a company of 280 staff, in 6 offices, across 4 countries on a mission to give our 3,500,000 customers the freedom to own what they love from over 26,000 merchants. We're here to simplify how you pay everywhere and every day by offering fast, fair, seamless payment solutions online and in-store. We provide the flexibility to tailor YOUR repayments to YOUR lifestyle. You can shop any online store, anywhere in the world today and pay later with Zip. Zip offers two main products: Zip Pay and Zip Money. Zip Pay is an online shopping wallet with a credit limit up to $1,500 with no interest ever. This is designed for everyday spending. Zip Money is a line of credit with credit limits over $1,000. This product offers consumers a line of credit up to $3000 for regular accounts and up to $50,000 for specific merchants. This is designed for life's bigger buys. We partner with multiple merchants across Australia and New Zealand. You can find all of our registered merchants on our stores page. Use Zip to pay your bills via BPAY or if you feel like online shopping, use our Shop Everywhere feature to shop at any online retailer. You can also purchase your favourite Gift Cards such as Woolworths, Coles, and JB Hi-Fi, using your Zip account to use at various other retailers. The possibilities to own it are endless!
How does it Work?
We offer two products for our customers: Zip Money and Zip Pay. Both products feature our Shop Everywhere card. You can use any Zip account at any Zip retailer, and you can use our Shop Everywhere feature at any online retailer, anywhere! Reusable Yes Yes In-Store and Online Yes Yes Minimum Repayment Amount $350 - $1000 credit limit: $40 each month (Unless the owing balance is less) $1500 credit limit: $80 each month (Unless the owing balance is less) Determined according to the credit limit of the account. Minimum repayments start at $40 per month. The higher the credit limit, the higher the minimum monthly repayment The required minimum monthly repayment is displayed in your contract, upon approval Credit Limits Available $350 - $1500 Above $1000 (Apply through a merchant for accounts greater than $3000) Interest Never! Guaranteed 0% interest for 3 months Promotional offers between 6-48 months depending on where you shop 19.9% p.a after your interest-free period expires Pay bills With Zip Available Available Direct Debit payment method Either credit or debit card Debit card or bank account details Shop Everywhere Single-Use Card Available Available (for non-exclusive accounts)
How do repayments work?
Zip Pay repayments are automatically direct debited from the payment method that you added when you created the account. You can change the frequency of your payments to weekly, fortnightly or monthly, as long as you pay minimum $40 per month (or $80 if your credit limit is $1500). Choose what works best for you! Alternatively, you can choose to pay off any of your purchases before their 'due date'. Any purchases you make during the month are due at the end of the next month. For example: If you make two purchases in February, on the 1st of March, we will send you a statement showing your owing balance. You'll then have until March 31st to pay the balance off without being charged the $6 account service fee. If you'd prefer to take extra time to pay off your balance, no worries! You'll only need to make the monthly minimum of $40, and a $6 account service fee will be added to your balance for the following month. If you don't have a balance, we won't deduct anything from your nominated payment method. The repayments simply cease until you make your next purchase. The best part is - if there's no balance, there are no fees to keep the account open!
Am I eligible for Zip pay?
To be eligible to apply for Zip Pay or Zip Money, you must meet the below criteria: Be at least 18 years old. Be an Australian citizen or Permanent Resident. Have a verified Facebook, PayPal or LinkedIn account in your own name. Have a good credit history. Have your own valid and verifiable email address and mobile number. Be at least 18 years old. Be an Australian citizen or Permanent Resident. Be employed in some capacity (Certain pensions may also be accepted). Earn more than $300 of primary income per week. Have a good credit history. Have your own valid and verifiable email address and mobile number.
What are the fees?
What are the fees associated with Zip pay? Your Zip Pay account has a monthly account keeping fee of $6. However, this is only charged when you have an outstanding balance at the end of the month. You'll receive a statement with the closing balance of the month on the 1st day of the following month. You have until the end of the month to pay off your balance for the account to remain fee-free. For Example: If you make two purchases in February, you'll receive a statement on the 1st of March showing how much you owe for these two purchases. You'll then have until March 31st to pay this amount without being charged the $6 account keeping fee. If you do not pay the statement balance in full by the 31st of March, a $6 monthly account service fee will be charged on the account on the 1st of April. What are the fees associated with Zip money? Your Zip Money account has a monthly account keeping fee of $6. However, this is only charged when you have an outstanding balance at the end of the month. Depending on the credit limit you apply for, there may be an establishment fee (from $25) for setting up the account. Every transaction with Zip Money has a guaranteed 3 months interest-free period. The interest-free period is determined by the merchant you shop with. How to avoid paying a monthly account fee? Your repayment due date typically falls on the day after you accepted your contract. For example, if you accepted your contract on January 10th, your repayments would be due by the 11th of each subsequent month. If the statement balance is paid down by the contractual date, the $6 monthly account keeping fee will not be charged. How to avoid paying interest? Every order on your Zip Money account has its own interest free period. If the order is paid in full before the interest-free period finishes, you will not incur any interest on the order. If the order is not paid off and the interest-free period has ended, you will incur interest on the remaining balance. The interest rate is 19.9% per annum.
Terms & Conditions
A link to our full terms and conditions is provided in your contract upon approval – you will need to accept these as part of the registration process.