Not sure which platform to shop interest-free with? We compare Openpay and zipMoney to help you decide.
Interest-free shopping has come a long way since shop assistants just wrote your name and phone number on a slip of paper for a layby. Now, interest-free payment platforms let you sign up in a matter of minutes and offer you a range of plans to suit a variety of purchases.
To help you decide which platform could be right for you, we've compared two prominent interest-free platforms – zipMoney and Openpay – on this page. Remember to consider all of the costs, features and flexibility to narrow down which interest-free provider may be the best option for you.
|Interest-free period||Full repayment term||3 months minimum|
|Repayment term||Various plans available (e.g. 6, 12, 18 months)||Up to 36 months|
|Upfront and ongoing fees|
|Late payment fees||Late fees apply|
|Signup||Can be done online or in-store at participating merchants||You can apply directly through zipMoney or online or in-store at a participating zipMoney merchant|
|Find out more||Read the full review||Read the full review|
|Credit score||Openpay may ask your consent to check your credit file and will report negative activity to credit providers.||zipMoney will check your credit report when you apply and reserves the right to report negative activity to a credit reporting body.|
|Availability||Full Openpay store list||Full zipMoney store list|
The buy now pay later sector is currently under an ASIC review. Find out more about this review.