Zip

Zip Pay and Zip Money are two separate products with a few key differences.

Zip Pay is a line of credit up to $1,000 with no interest ever. The minimum monthly repayments are as little as $40 and a $6 monthly account-keeping fee is applied if there’s money owing at the end of the month.

Zip Money is a line of credit for amounts over $1,000. There is interest with Zip Money purchases, but we guarantee customers a minimum of 3 months interest-free on any order and much greater periods with select merchants. The interest-free period is determined by where you shop and how much you spend. It will be confirmed when you approve your purchase.

There is an establishment fee based on your Zip Money credit limit, which we confirm at the start of the application and in the contract if you are approved. There is also a $6 monthly account-keeping fee when there is an outstanding balance at the end of each month

• Own email address and mobile number
• To be at least 18 years old
• To be an Australian citizen or Permanent Resident
• Have a verified Facebook, PayPal or LinkedIn account
• Debit card

Sign up today and once approved, you can shop everywhere online or instore where you see Zip at checkout. When you’re ready to pay, choose Zip at checkout. We’ll pay the store for you, whilst you pay nothing upfront and you get to enjoy the goods. Your account and repayments are easily managed using the Zip app.

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.

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.

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.