Openpay vs zipPay | Interest-free plans compared | finder.com.au
finder.com.au

Openpay vs zipPay

Want to take advantage of an interest-free shopping platform? Compare Openpay and zipPay here.

Avatar
Elizabeth Barry
Updated
Fact checked

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

The interest-free shopping space has exploded and now there are a number of platforms allowing you to shop at your favourite stores without the interest strings attached. But which platform should you opt for?

To help you find the right platform for you, we've compared two prominent interest-free finance providers, Openpay and zipPay. Take a look at the fees, features and flexibility on offer from both before you decide which may be the best one for you.

OpenpayzipPay
Interest-free periodFull repayment termFull repayment term
Repayment termVarious plans available (e.g. 6, 12, 18 months)
  • Up to 60 days fee-free
  • Repayment terms are ongoing with a $40 minimum payment required
Upfront and ongoing fees
  • Processing fee of $2.50–$3.95 for long-term plans
  • Establishment fee may apply for Open Plus plans
$6 monthly fee after the first 60 days
Late payment feesLate fees applyYour account may go into arrears if you continue to miss payments (one late payment will not do this)
Payment flexibility
  • You choose your own plan
  • You can reschedule to avoid late fees
  • You can change your payment frequency
  • You are just required to make the minimum $40 per month payment to keep your account in good standing
SignupCan be done online or in-store at participating merchantsSign up online in seconds (subject to approval) using Facebook or PayPal or at a participating merchant
Find out moreRead the full reviewRead the full review
Eligibility
  • Over 18
  • Have a valid Australian or New Zealand ID
  • Provide an email address and two contact numbers
  • Have a Visa or Mastercard debit or credit card
  • An Australian resident
  • Over 18
  • Apply with your own phone number and social account
Credit scoreOpenpay reserves the right to check your credit file and report negative activity to credit providerszipPay reserves the right to check your credit report and report any negative activity to a credit provider
AvailabilityFull Openpay store listFull zipPay store list
Data updated regularly
Name Product Interest Rate (p.a.) Min Loan Amount Max. Loan Amount Application Fee
Zip Pay
Zip Pay
0%
$0.01
$1,000
$0
Apply for up to $1,000 as a line of credit to use at a range of stores and pay no interest, ever.
More Info
loading

Compare up to 4 providers

More guides on Finder

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au 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 Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

2 Responses

    Default Gravatar
    CarmelDecember 2, 2018

    Is Open Pay where you pay no deposit just a monthly or fortnightly repayment?

    Reply
      Avatarfinder Customer Care
      JohnDecember 4, 2018Staff

      Hi Carmel,

      Thank you for reaching out to finder.

      Openpay is one of several buy-now-pay-later platforms that allow consumers to make purchases with partner merchants and make flexible, staggered repayments, without paying any interest. Yes, you are correct that it is a no deposit plan as well for the repayment you choose your own plan and you can reschedule to avoid late fees. Hope this helps!

      Cheers,
      Reggie

      Reply
Go to site