The buy now pay later sector is currently under an ASIC review. Find out more about this review.
Openpay vs Zip Pay
Openpay offers more flexible repayment terms while more brands offer Zip Pay.
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.
|Interest-free period||Full repayment term||Full repayment term|
|Repayment term||Various plans available (e.g. 6, 12, 18 months)|
|Upfront and ongoing fees||$6 monthly fee after the first 60 days|
|Late payment fees||Late fees apply||Your account may go into arrears if you continue to miss payments (one late payment will not do this)|
|Signup||Can be done online or in-store at participating merchants||Sign up online in seconds (subject to approval) using Facebook or PayPal or at a participating merchant|
|Find out more||Read the full review||Read the full review|
|Credit score||Openpay reserves the right to check your credit file and report negative activity to credit providers||zipPay reserves the right to check your credit report and report any negative activity to a credit provider|
|Availability||Full Openpay store list||Full zipPay store list|
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
More guides on Finder
Afterpay and Zip new buy now pay later app plans: What we know so far
How will apps change the shopping and banking experience, and what's the catch?
Review: Celsius Network cryptocurrency lending and borrowing platform
An in-depth review of one of the most popular lending and interest earning platforms in cryptocurrency.
Nexo review: Is it safe for high interest returns?
Nexo is a cryptocurrency lending and borrowing platform that offers high interest rates on cryptocurrencies, stablecoins and fiat. We review the features available and look at how safe your funds would be on the platform.
BankSA Vertigo – Cashback Offer
The BankSA Vertigo card offers $300 cashback, a waived first-year annual fee and a low ongoing purchase interest rate.
St.George Vertigo Card – Cashback Offer
This card offers a low ongoing purchase interest rate, a $0 first-year annual fee and a $300 cashback offer.
Bank of Melbourne Vertigo Card – Cashback Offer
Compare the features of the Bank of Melbourne Vertigo credit card, including a $0 first-year annual fee and a $300 cashback.
Why the Afterpay and Zip share prices have tumbled
Shares in BNPL providers Afterpay and Zip Co have risen 15% over the last month.
4 ways to keep your hard-earned cash safe
SPONSORED: Don’t let yourself become a victim of fraud or theft. Here are 4 easy ways to keep your money safer.
July’s best balance transfer credit card offers
Australians are paying interest on over $20 billion of credit card debt, but you can save with one of these 0% balance transfer offers for up to 36 months.
Coles Rewards Mastercard – Exclusive Offer
The Coles Rewards Mastercard offers a $0 first-year annual fee, $100 off a Coles Supermarket shop and 0% p.a. interest rate on balance transfers for the first 26 months.
Ask an Expert