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Openpay vs Zip Pay

Openpay offers more flexible repayment terms while more brands offer Zip Pay.

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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 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
  • 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
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Name Product Interest Rate (p.a.) Min Loan Amount Max. Loan Amount Application Fee
Zip Pay
Apply for up to $1,000 as a line of credit to use at a range of stores and pay no interest, ever.

Compare up to 4 providers

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2 Responses

  1. Default Gravatar
    CarmelDecember 2, 2018

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

    • 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!


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