Finder makes money from featured partners, but editorial opinions are our own.

Afterpay vs zipPay

Keep an eye out for repayment terms, schedules and fees when comparing.

Are you shopping for a buy now pay later (BNPL) interest-free platform? Not all BNPL services are alike. This makes comparing your options all the more important. We’ve done the research for you, comparing Afterpay and Zip Pay. Remember to consider all costs, features and repayment flexibility before you make your decision.

Compare Afterpay vs zipPay

AfterpayZip Pay
Credit limitStarts at $500 and gradually increases or decreases based on good or bad spending behaviour.From $350 up to $1,000.
InterestNo interest.No interest.
RepaymentsTo be made over 6 weeks.To be made 1 calendar month after you receive your statement. A monthly account fee will apply if the balance is not paid by the due date.
Payment instalments 4 instalments, paid every 2 weeks; 25% of the price is paid upfront.

The option for no upfront payment is available for Platinum and Mint tiers and eligible accounts in the Pulse tier.

3 payment schedules are available.

The custom schedule allows you to pay however much you want according to your schedule. If you don’t pay the balance by the statement due date, the monthly account fee will come into effect. You’ll have to pay at least a minimum of $40.

The smart schedule calculates your repayment amount to enable you to pay your bill faster and keep the monthly fee down.

With the fee waiver schedule, you automatically pay the monthly balance to avoid the monthly fee.

Upfront and ongoing feesNone.A monthly account fee of $7.95 may apply, depending on your payment schedule and if you repay before the statement due date. No fees will be charged for additional payments.
Late payment feesThe late fee starts at $10 and is never higher than 25% of the purchase price or $68, whichever is less.A $5 late fee will be charged if you don’t make at least the minimum payment each month. This will be charged 21 days after your due date.
Payment flexibilityThe number of instalments cannot be changed, but you can make custom payments and pay more or less than the payment due. This feature can be accessed only on the website.You have the option of changing the frequency of your repayments. You can change it to weekly, fortnightly or monthly, so long as it covers the minimum amount owed.
Sign-up Via app for in-store and online shopping. Registering prior to online shopping is not required; the account can be created afterwards.You can sign up for Zip Pay online.
Find out moreRead the full reviewRead the full review
EligibilityAfterpay uses a mandatory ID verification process.

To qualify for Afterpay, you must:

✔️ Live in Australia.

✔️ Be over 18.

✔️ Have a valid and verifiable email address and mobile phone number.

✔️ Use a valid Australian credit or debit card.

✔️ Capable of entering into a legally binding contract.

To qualify for Zip Pay, you must:

✔️ Be over 18.

✔️ Be an Australian citizen or permanent resident.

✔️ Have a verified Facebook, PayPal or online banking account under your name.

✔️ Have a good credit history.

✔️ Have a valid and verifiable email address and mobile number.

Credit check and scoreNo credit check. Late payments are not reported.Zip Pay may need to perform a credit check to confirm you can make repayments. They could disclose if you’ve met your payment obligations and if you’ve committed credit infringements to credit reporting bodies.
Availability Full Afterpay store listFull zipPay store list
Name Product Interest rate (p.a.) Min. loan amount Max. loan amount Establishment Fee Credit Check Required?
Zip Pay
$0 establishment fee. $9.95 monthly fee applies.
Elizabeth Barry's headshot
Lead Editor

Elizabeth Barry was the lead editor for Finder. She has over 10 years' experience writing about a range of topics with a focus on personal finance. You’ll find her writing and commentary in a range of publications and media including Seven News, the ABC, MSN, the Irish Times and Singapore Business Review. See full bio

Elizabeth's expertise
Elizabeth has written 248 Finder guides across topics including:
  • Banking
  • Personal finance
  • Investing

More guides on Finder

  • Buy now pay later statistics 2024

    BNPL adoption hit an all-time high in July 2022 (49%) and has dropped back down to usual levels since then.

  • PayPal Pay in 4 review

    PayPal Pay in 4 is a buy now pay later service available across thousands of retailers globally. Split your repayments into 4 equal instalments paid over 6 weeks.

  • LatitudePay

    LatitudePay is a buy now pay later solution that allows customers to spend up to $1,000 with selected retailers and spread the cost over 10 weeks.

  • Klarna

    Klarna has no interest or fees, and you can break your payments into four equal parts across nearly any online store.

  • humm

    Make paying for purchases more manageable with humm’s interest-free payment service.

  • Retailer guide to zipMoney and zipPay

    Take advantage of three months’ interest-free repayments for your customers by integrating zipMoney into your business point of sales.

  • ZipMoney vs Afterpay

    Not sure whether to shop with Afterpay or zipMoney? We compare both interest-free shopping platforms to help you decide.

  • Full list of stores that accept Zip Money

    Zip Money lets you shop interest-free at a range of participating retailers. Find out every retailer you can shop at with this innovative payments provider and exactly how to show with Zip Money.

  • Zip Pay

    With Zip Pay, you can get instant approval for a line of credit helping you to buy now and pay later. It is 100% interest-free and gives you complete control over how you make repayments. Find out exactly how it works.

  • Zip Money

    Make large purchases by paying less with a Zip Money line of credit offering flexible repayment options, a long interest-free window and thousands of merchants to choose from. Find out if it's right for you.

Ask a Question

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

14 Responses

    Default Gravatar
    JackOctober 9, 2019

    Need an answer quick (haha finance assignment) Is ZipMoney a ‘Buy Now Pay Later’ or a ‘Personal Loan?’

      Default Gravatar
      NikkiOctober 11, 2019

      Hi Jack,

      Thanks for your comment. I hope you are doing well.

      Zip Pay is a buy now pay later payment scheme that lets you purchase items you love and pay later how you choose to repay. You can choose a weekly, fortnightly, or monthly repayment schedule. A minimum monthly payment of $40 is required. You can learn more from our Zip Pay review page.

      Hope this helps and feel free to reach out to us again for further assistance.

      With care,

    Default Gravatar
    AlexDecember 28, 2018

    I thought they were the same thing until I saw this comparison. Thanks for doing that. Zippay seems to be a lot more complicated by the looks. The $6 monthly fee is charged the first day of the following month from the date of your purchase, which means if I purchased something on the last day of the month, the next day I will be charged a $6 fee?

      JhezelynDecember 29, 2018Finder

      Hello Alex,

      Thank you for your comment.

      The $6 is called a monthly fee that is applied only at the end of the following month from the date of your purchase. To avoid the $6 monthly fee, you need to pay off your purchase by the end of the month you receive your statement.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


    Default Gravatar
    OceanOctober 26, 2018

    Which is better for my business zip pay or after pay I sell standup paddle boards range in price from $800 to $1400 ?

      JohnOctober 26, 2018Finder

      Hi Ocean coast sup,

      Thank you for your question.

      Though we are a comparison website, we do not provide specific product recommendations, we can help guide you through the process of comparing options. We are on the right page to compare both Afterpay and ZipPay but the decision still rests on your shoulders on what would be better for your business. Hope this helps!


    Default Gravatar
    MarkAugust 27, 2018

    I read on a reply that zipPay loans up to $1,000 but on Supercheap Auto site it says zipPay loans up to $8,000 then on another site it says $10,000. Which of these is actually correct?

      JeniAugust 27, 2018Finder

      Hi Mark,

      Thank you for getting in touch with finder.

      Regarding your enquiry, I am afraid that you might have confused yourself between zipPay and zipMoney.

      With zipPAy, you can get approved for up to $1000 only while with zipMoney, you can get approved for over $1,000 and they identify the maximum limit they can offer you, based on the information you provided. With zipMoney, if your approved limit doesn’t cover the cost of your purchase, you’ll need to make an additional payment (a copayment) at checkout. You may be eligible for a limit increase on your zipMoney account once you’ve been using your account for at least 6 months and have a history of successful repayments.

      As a friendly reminder, we do not represent any company that we feature on our pages. It is best to contact zipMoney for further help/enquiries.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!


    Default Gravatar
    KerryApril 6, 2018

    I’m just wondering what the maximum amount that you can spend on zipPay would be, please?
    Thank you.

      JeniApril 6, 2018Finder

      Hi Kerry,

      Thank you for getting in touch with Finder.

      The maximum loan amount in zipPay is $1,000. Check out our review page for zipPay interest-free payments to learn more.

      I hope this helps.

      Have a great day!


Go to site