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.
| Openpay | zipMoney | |
|---|---|---|
| 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 |
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| Late payment fees | Late fees apply |
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| Payment flexibility |
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| 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 |
| Eligibility |
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| 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.
