Openpay vs zipMoney

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 is 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 is the best option for you.

Interest-free periodFull repayment term3 months (longer promotional interest-free periods may also apply)
Repayment termVarious plans available (e.g. 6, 12, 18 months)Up to 36 months
Upfront and ongoing fees
  • Processing fee of $2.50–$3.95 for long-term plans
  • Establishment fee may apply for Open Plus plans
  • $4.95 monthly service fee when you have an outstanding balance (this fee is $0 when you have no balance)
  • Establishment fees for higher credit limits may apply
Late payment fees Late fees apply
  • $15 for late payments
  • Other fees and charges may apply for dishonoured payments
Payment flexibility
  • You choose your own plan
  • You can reschedule to avoid late fees
  • You can change the frequency of your payments or your payment schedule in your account
SignupCan be done online or in-store at participating merchantsYou can apply directly through zipMoney or online or in-store at a participating zipMoney merchant
Availability Full Openpay store listFull zipMoney store list
  • Have an email address, phone number and photo ID
  • Have a Visa or Mastercard
  • Pay your deposit
  • Australian resident
  • Over 18
  • Employed
  • Earn more than $300 per week
  • Have an individual email address and mobile phone number
Credit scoreOpenpay reserves the right to check your credit file and report negative activity to credit providerszipMoney will check your credit report when you apply and reserves the right to report negative activity to a credit reporting body
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