zipMoney interest-free payments

With zipMoney you can buy now and pay later on your own terms.

zipMoney is a simple and convenient way to help you pay for things without needing the cash upfront or a credit card. When you sign up and are approved with zipMoney, you’ll receive an initial line of credit that’s immediately made available to you.

You’re then able to use zipMoney during the checkout process of any participating zip merchant. In addition, you have a default three-month window where you’re able to make repayments completely interest free.

Not what you're after? Find out about zipPay

How does zipMoney work?

Once your zipMoney account and line of credit are approved, you can immediately begin making purchases at any retailer accepting zipMoney (look for the “ZIP” logo during checkout). Each purchase you make with your new account must be authorised by both you and zipMoney. After your purchase is authorised, zipMoney will pay the merchant on your behalf.


With zipMoney, you have the flexibility to choose to pay back your borrowed amount within 3, 6 or 12 months. By default, your repayments are completely interest-free during the first three months after which the standard APR rate will be charged on your outstanding balance. For repayments, zipMoney will make automatic deductions from your linked debit card or bank account card every month. You can choose to increase or decrease your monthly repayments as long as you’re making the minimum required monthly payment.

Features of shopping with zipMoney

  • Real-time approval. Signing up is quick and easy, enabling you to complete the entire process, including getting a real-time approval decision, in just a few minutes and even while checking out at a store.
  • Three-month interest-free period.zipMoney offers an interest-free period of three months on all zipMoney transactions, after which your outstanding balance will be subject to the standard APR (currently 23.9%).
  • Flexible repayment plans. zipMoney offers flexible repayments as long as you’re meeting the minimum monthly payment required (3% of outstanding balance or the agreed minimum payment set in your particular contract, whichever is greater).
  • Automatic deductions. Direct debit is an extra feature of zipMoney, allowing automatic deductions to be made directly from your bank account.
  • Borrow only what you need. Unlike lump-sum loans disbursed upfront, with zipMoney you only borrow what you need, never worrying about taking out too much or too little.
  • Simple yet powerful account management features. Change your repayment amount or payment dates in your convenient online account.

See the full list of stores with zipMoney

How much will this cost me?

  • Interest rate. After the three-month interest-free period expires, you’ll be charged the standard annual percentage rate (APR) on your outstanding balance. This is a variable rate that currently stands around 23.9%.
  • Minimum monthly repayment. The minimum monthly repayment amount is either 3% of your outstanding balance or the minimum payment amount specifically stipulated in your contract (usually $40.00), whichever is higher.
  • Monthly account management fee. zipMoney reserves the right to charge a monthly fee of $4.95 for any month that you have an outstanding balance.
  • Establishment fee. While signing up and activating your account, you may or may not be charged a one-off establishment fee. If charged, the amount will be debited to your account and paid back over time.
  • Late fees. If you don’t make your repayments on time, or if you dishonour your repayments altogether, then zipMoney reserves the right to levy additional fees and charges to your account. The amount may vary so refer to your contract for details.

How do I sign up with zipMoney?

Signing up with zipMoney is quick and easy. Visit the zipMoney sign-up page and complete the application process to get a real-time decision. The entire process usually takes no more than five minutes.

To qualify, you need to:

  • Be an Australian resident over 18 years of age
  • Be able to enter into a legally binding contract
  • Have a valid bank account

While signing up, you need some personal identifying information as well as your bank account details to link it to your zipMoney account. Once signed up, you’ll instantly receive a decision and, once approved, you’ll activate your new zipMoney account by simply accepting the terms & conditions and entering the SMS code that would be sent to the mobile phone number you registered with.

Have more questions about zipMoney?

Is zipMoney safe?

ZipMoney uses 128-bit Secure Socket Layer (SSL) data encryption to protect all your information and financial transactions. 128-bit SSL encryption is the same technology used by banks all over the world.

How do I manage my account?

Once you’ve created your zipMoney account, you’re able to login and manage many aspects of your account including increasing or decreasing deducted repayment amounts, adding or modifying payment methods, tracking transaction activity, scheduling new repayment periods, accessing previous statements, viewing updated zip merchant lists, and more.

Am I eligible if I have bad credit?

zipMoney uses a range of data to determine whether or not you can afford a payment plan. Bad credit doesn’t automatically disqualify you, but you will only be approved if you are in a good financial position. Note your credit history will be checked.

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18 Responses

  1. Default Gravatar
    PurchaseJanuary 26, 2018

    If I do a purchase in store and my purchase is bigger than what I have in my zip acctount,am I able to pay cash and pay the rest by using my zipmoney acct in store?

    • Staff
      AshJanuary 31, 2018Staff

      Hi there,

      Thank you for reaching out to us.

      You may still shop even if you do not have enough credit to cover for the purchase. You just need to make a co-payment wherein you will be acknowledge to swipe your card for it before completing the purchase. Kindly take note that the co-payment will only be paid using your card.

      I hope this helps.

      Please do not hesitate to reach out to us again if you have additional questions.


  2. Default Gravatar
    PatriciaJanuary 7, 2018

    I have zipPay through PayPal. Does merchants still have to have zipPay logo or can I still go through PayPal? Example: eBay does not have zipPay but does have PayPal. Can I pay through PayPal that has my zipPay?

    • Staff
      RenchJanuary 7, 2018Staff

      Hi Patricia,

      Thanks for your inquiry. Please note that we are not affiliated with zipPay or any company we feature on our site and so we can only offer you general advice.

      The merchants should still have to have the zipPay logo for you to be able to make a payment through zipPa. Even though that the merchant has Paypal, it doesn’t mean that they also offer zipPay. You may contact the merchant directly if they offer zipPay to confirm.

      You may check the list of stores that offer zipPay on this page or you may also visit zipPay official site.

      Best regards,

  3. Default Gravatar
    davidDecember 4, 2017

    Hi, I have retired, can I still apply for zip money. David

    • Staff
      ArnoldDecember 5, 2017Staff

      Hi David,

      Thanks for your inquiry

      zipMoney requires applicants to meet these criteria.

      1. Must be 18 years of age
      2. Must be an Australian citizen or a resident
      3. Must be employed in some capacity

      If you are receiving benefits or allowances, these may be considered as income. It would be best if you could speak to zipMoney directly to clarify this.

      Hope this information helps


  4. Default Gravatar
    ManaliliNovember 14, 2017

    Can I use zipmoney to pay bills like council rates or car rego without any added charges (aside from monthly $4.95)?

    • Staff
      JoanneNovember 14, 2017Staff

      Hi Manalili,

      Thanks for contacting finder, we are an Australian financial comparison website and general information service.

      I was unable to locate those in the list. But you may refer to this page for you to check on the stores that accept zipmoney.


  5. Default Gravatar
    NarelleNovember 7, 2017

    Just wondering if I loan $1,000 and would like to pay over 6 months how much interest would I be paying, please. Thank you

    • Staff
      RenchNovember 7, 2017Staff

      Hi Narelle,

      Thanks for your inquiry. Please note that we are not affiliated with zipMoney or any company we feature on our site and so we can only offer you general advice.

      You can make use of our loan calculator on this page to give you an idea of how much you can borrow and how much your repayments will be.

      If you are also referring to zipMoney, please contact them directly by visiting their official site.

      Hope this information helped.


  6. Default Gravatar
    AllanOctober 24, 2017

    does the monthly fee apply if your payments are up to date or is it every month until zero balance?

    • Staff
      LouOctober 24, 2017Staff

      Hi Allan,

      Thanks for your question.

      With zipMoney, there is a monthly service fee of $4.95 when there is an outstanding balance on your account.


  7. Default Gravatar
    AdrianOctober 13, 2017

    Hi, I’m wondering if using zip money for medical or just using zip money impacts poorly on your credit rating?

  8. Default Gravatar
    ElleOctober 2, 2017

    Can zippay or zipmoney be used on any online sports gambling sites?

    • Default Gravatar
      JonathanOctober 2, 2017

      Hello Elle,

      Thank you for your inquiry.

      Their Terms of Use did not explicitly disallowed online sports gambling sites, however no merchant categories exist that relates to them.

      We recommend that you confirm this directly with zipMoney and/or zipPay for further assistance.

      Hope this helps.


  9. Default Gravatar
    LaniAugust 30, 2017

    Can merchants charge extra for using zipmoney?

    • Staff
      JhezelynAugust 31, 2017Staff

      Hi Lani,

      Thanks for your comment.

      Upon checking, there might be an extra charge for merchants because they are delivering the incremental contribution margin along with the other fees. To confirm and for more details, kindly get in touch with zipMoney directly as a merchant.


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