zipPay interest-free payments

Get a 100% interest-free line of credit with control over your repayments.

zipPay is a simple interest-free payment solution provided by zipMoney Payments and accepted by thousands of stores and online vendors across Australia. zipPay lets you make purchases now and pay later, without the need for a credit card. Once you sign up and get approved, you’ll have a line of credit up to $1,000 and a shopping account. Using your account and credit line, you can make purchases which you can pay back in regular instalments.

Product NameZipPay
Interest Rate (p.a.)0% (fixed)
Comparison Rate (p.a.)
Interest Rate TypeFixed
Min Loan Amount$250
Max. Loan Amount$1,000
Loan SecurityUnsecured

Pros

  • No interest ever
  • Up to 60 days fee-free

Cons

  • Monthly fee after 60 days
  • Only available at certain stores

How does zipPay work?

You can start using zipPay after going through the quick sign-up process. Once you’ve signed up and been approved, you can make purchases in two ways:

  • Online. Select zipPay as your payment method during checkout.
  • In store. At any participating zipPay merchant, sign in to your zipPay account and select zipPay as the payment method during checkout.

Once you’ve made a purchase, you choose how you'd like to repay. You can choose a weekly, fortnightly, or monthly repayment schedule. A minimum monthly payment of $40 is required.

To avoid the $6 monthly fee you need to pay off your purchase by the end of the month you receive your statement. You will receive your statement on the first day the month following your purchase (which is why you get "up to 60 days" fee free). After this date, a $6 monthly fee will be added to your outstanding balance.

All payments are 100% interest-free and you can sign up for direct debit so payments are made automatically from your bank account or credit card according to the repayment schedule that you’ve chosen.

Not what you're after? Find out about zipMoney

Features of shopping with zipPay

  • 100% interest-free repayments. zipPay doesn’t charge any interest on your outstanding balance.
  • Low (and avoidable) fees. The $6 monthly fee applies only at the end of the following month from the date of your purchase. To avoid this fee, simply pay your purchase back in full before this date. A late fee of $5 applies if you do not make your minimum repayment within 21 days of the due date.
  • Credit limits. zipPay offers three different credit limit tiers: $250, $500 and $1,000. When you apply the algorithm will approve you for one of the limits.
  • Quick and simple sign-up process. Simply visit zipPay’s sign-up page and use a valid Facebook or PayPal account to get set up.
  • Instant use. Once you’ve completed the quick sign-up process and are approved, your zipPay account is immediately available to you.
  • Borrow only what you need. Unlike personal loans where you may borrow too much or too little, with zipPay, you borrow only what you need. You’re also able to make co-payments on purchases if you have some cash you want to use for the purchase.
  • Available at thousands of stores across Australia. zipPay is available at thousands of stores across Australia.
  • Very flexible repayment plans. As long as you meet the minimum required $40 monthly repayment, you can set up repayments as you like. You can choose to pay off your loan weekly, fortnightly, or monthly for any amount you choose.
  • Automatic deductions. You can set up a direct debit to automatically deduct repayments from your bank account or credit card according to the repayment schedule you’ve set up.

How much will this cost?

zipPay doesn’t charge any interest on your balance. In addition, there are no establishment or annual fees.

  • Initial fee-free period. No fees are charged during your first billing cycle. The billing cycle runs from the day you’ve made the purchase until the end of the following month for a maximum duration of 60 days.
  • Minimum required $40 monthly repayment. Although this isn’t a fee, zipPay does require a $40 minimum monthly payment to be made towards your balance each month.
  • Monthly service fees. After the fee-free period, if you don’t pay your balance in full, you’ll be charged a flat $6 service fee on the first of every month that you have an outstanding balance.
  • Late fees. zipPay may charge a late fee of $5 when you’ve made no repayments for more than 21 days (not including the initial fee-free period).

How to sign up with zipPay

To sign up for zipPay, you’ll need to meet the following criteria:

  • Be an Australian citizen or permanent resident
  • Be at least 18 years of age and able to enter into a legally binding contract
  • Have a valid and verifiable mobile phone number and email address
  • Have an Australian bank account or credit card
  • Have basic information about yourself as well as bank account or credit card details

To sign up, you can create an account using your Facebook or PayPal account information. Once you’ve signed up with your basic information, you’ll be given approval within seconds, after which you can immediately begin buying with zipPay.

Have more questions about zipPay?

How safe is zipPay?

zipPay uses advanced Secure Socket Layer (SSL) encryption along with two-factor authentication on all purchases to protect your personal information and transactions.

How do I avoid fees?

Pay back your purchase within the initial period (up to 60 days) to avoid the $6 monthly fee.

How does the online account work?

You can sign into your zipPay shopping account to view transaction reports, adjust repayment schedules, make additional payments, modify payment information and more.

Full list of stores with zipPay

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48 Responses

  1. Default Gravatar
    amberMay 16, 2018

    When paying with zipPay in store, do I make my first payment that day?

    • Staff
      JhezelynMay 17, 2018Staff

      Hello Amber,

      Thank you for your comment.

      Upon checking, payments start the month after your first purchase if you are not making changes to your schedule. Payments are taken automatically via direct debit and are taken on the last day of the month or however you set up your schedule in your wallet. The minimum monthly repayment is $40 (or less if your balance is less).

      Regards,
      Jhezelyn

  2. Default Gravatar
    SueMay 12, 2018

    Can I put money into my zip pay to buy something that is more than the limit given?

    • Staff
      JeniMay 12, 2018Staff

      Hi Sue,

      Thank you for getting in touch with finder.

      Your Account Limit is the amount specified in the zipPay schedule or such other amount as they may authorise. Subject to any Transaction limits you may drawdown up to your account limit. You must ensure that you do not exceed your account limit. If your account limit is reached or exceeded fees and government charges will continue to be charged to your account even if debiting these items results in you exceeding your account limit.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

  3. Default Gravatar
    MoriahApril 27, 2018

    Hi, I tried applying for a ZipPay account.. however it comes up that my application was not successful. Why is that? I have no problem with using afterpay or paying my fees on time.

    • Staff
      JoelApril 27, 2018Staff

      Hi Moriah,

      Thanks for leaving a question on finder.

      As a lender, they assess and verify the information provided in the application, as well as a number of factors including but not limited to:

      – Previous credit and repayment history.
      – The number of loans & other financial commitments you may have.
      – Your residential and employment status.
      – Your income and other resources to comfortably meet the loan repayment.
      – Whether you currently have, or have previously had, multiple short term loans.
      – The number of credit applications you have made previously (both recent and longer term).

      Generally speaking, they decline applications that do not meet their lending criteria across one or more of these factors. Unfortunately, they also won’t be able to provide you with the exact details around why your particular application has been declined.

      At this stage they will not reassess applications after a decision has been made.

      Cheers,
      Joel

  4. Default Gravatar
    AaronApril 20, 2018

    Is there a minimum earning to use zippay?

    • Staff
      JhezelynApril 21, 2018Staff

      Hello Aaron,

      Thank you for your comment.

      The minimum income is not indicated on their requirements however when creating an account, they may perform identity and/or credit checks to verify you and your ability to manage payments. These checks are carried out in accordance with the Privacy Acknowledgment which you agree to and which can be accessed at the time you start the application. Hope this helps.

      Regards,
      Jhezelyn

  5. Default Gravatar
    EllyApril 12, 2018

    So if im buying something for $800 and pick the monthly repayment option, i only have to pay back minimum $40 per month , taking me 20 months to pay it all back with no extra fees assuming im paying everything back on time?

    • Staff
      JeniApril 12, 2018Staff

      Hi Elly,

      Thank you for getting in touch with finder.

      zipPay requires a $40 minimum monthly payment to be made towards your balance each month. No fees are charged during your first billing cycle. The billing cycle runs from the day you’ve made the purchase until the end of the following month for a maximum duration of 60 days.

      After the fee-free period, if you don’t pay your balance in full, you’ll be charged a flat $6 service fee on the first of every month that you have an outstanding balance.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

  6. Default Gravatar
    JohnnyApril 5, 2018

    Is there a minimum purchase amount?
    For example, if I’m buying something that costs $35 can I pay with zippay? I realise the $40 minimum repayment clause.

    • Staff
      NikkiApril 5, 2018Staff

      Hi Johnny!

      Thanks for your message and for contacting finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?

      You can make purchases off your Zippay for however amount. The $40 is a minimum required monthly repayment. Although this isn’t a fee, zipPay does require a $40 minimum monthly payment to be made towards your balance each month. You can choose a weekly, fortnightly, or monthly repayment schedule.

      To avoid any other fees, you may opt to pay back your purchase within the initial period (up to 60 days) to avoid the $6 monthly fee. You can also set up automatic deductions. You can set up a direct debit to automatically deduct repayments from your bank account or credit card according to the repayment schedule you’ve set up.

      Hope this helps! Feel free to message us anytime should you have further questions.

      Cheers,
      Nikki

  7. Default Gravatar
    ClareMarch 27, 2018

    Hi was just wondering if I bought something worth 200 when is my first payment due

    • Staff
      NikkiMarch 27, 2018Staff

      Hi Clare!

      Thanks for your message and for contacting finder.

      Once you’ve made a purchase, you choose how you’d like to repay. You can choose a weekly, fortnightly, or monthly repayment schedule. A minimum monthly payment of $40 is required.

      To avoid the $6 monthly fee you need to pay off your purchase by the end of the month you receive your statement. You will receive your statement on the first day the month following your purchase (which is why you get “up to 60 days” fee free). After this date, a $6 monthly fee will be added to your outstanding balance.

      All payments are 100% interest-free and you can sign up for direct debit so payments are made automatically from your bank account or credit card according to the repayment schedule that you’ve chosen.

      Hope this helps!

      Best regards,

      Nikki

  8. Default Gravatar
    February 15, 2018

    Hi, I’m looking at a product that cost $1,400 and I’m a bit confused about the limit. They offer zipPay but all I can find is that the credit limit is $1000. Is this correct and will i have to put the extra $400 towards it? Or can I buy the product worth $1,400 all with zipPay? Thanks.

    • Staff
      RonFebruary 18, 2018Staff

      Hello Terry,

      Good day! Appreciate you contacting finder regarding your inquiry today.

      zipPay only has a maximum limit of $1,000 and can only accommodate purchases up to that amount. Anything in excess of that should be directly paid by you. In your situation, the $400 extra must be paid separately.

      Hope this helps!

      All the best,

      Ron

  9. Default Gravatar
    LeannFebruary 7, 2018

    Hi, I was just wondering if it is possible to get a higher credit limit. We were approved for $250 initially. Does the credit limit increase at all or is that our limit forever?

    • Staff
      JoanneFebruary 9, 2018Staff

      Hi Leann,

      Thank you for visiting finder, we are a financial comparison website and general information service.

      Upon checking on Zippay’s support page, all customers are eligible for a credit limit increase after 6 months of activity on the account. A good repayment history would be beneficial to a credit limit increase assessment. To check the process on how this can be done, you may reach out to Zippay’s customer support.

      Hope this helps,
      Joanne

  10. Default Gravatar
    LouiseDecember 25, 2017

    Is there a credit limit with Zippay

    • Staff
      ArnoldDecember 28, 2017Staff

      Hi Louise,

      Thanks for your inquiry

      Yes, there is a credit limit with zipPay which is known as an Account Limit.

      Your Account Limit is the amount specified in the zipPay schedule or such other amount as zipPay may authorize. Any excess above your Account Limit shall be immediately repayable by you without the necessity for zipPay to demand repayment. Should your Account reach the Account Limit, you should not initiate and we may not authorize further Transactions on your Account.

      Hope this information helps

      Cheers,
      Arnold

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