zipPay interest-free payments

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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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56 Responses

  1. Default Gravatar
    EliseAugust 15, 2018

    Hi there,

    Once I have finished paying off my item how can I close or deactivate my zip pay account?

    • finder Customer Care
      JoelAugust 15, 2018Staff

      Hi Elise,

      Thanks for leaving a question on finder.

      Once you have repaid your outstanding balance, you will not be charged any fees to keep your Account open. You may keep it open with no charges until you wish to use it again to make a purchase. However, if you would like to close your Account you will need to pay the outstanding balance plus any accrued fees or charges, and then advise Zippay via their customer service that you would like to close your Account. There are no penalties or fees to close your Account.

      Cheers,
      Joel

  2. Default Gravatar
    CheAugust 5, 2018

    Hi and good day!

    I recently made an unfinished application for zipMoney however my husband told me not to continue it as he will be the one to apply for it. Will this still mark in my credit file as inquiry? I don’t want to add anymore inquiries in my credit file as much as possible.

    Thanks

    • finder Customer Care
      JeniAugust 15, 2018Staff

      Hi Che,

      Thank you for getting in touch with finder.

      Since your application with zipMoney did not push through as your husband prevent you from doing so, that unfinished application will not reflect as a credit enquiry. You may read more about credit enquiries on this page.

      zipMoney will check your credit report when you apply, and if you default on your repayments, zipMoney will report this to the relevant Credit Reporting Body.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  3. Default Gravatar
    williamAugust 1, 2018

    How do i sign in to Zip pay when i buy with Zip pay in store. How do i verify my identity etc.?

    • finder Customer Care
      NikkiAugust 1, 2018Staff

      Hi William!

      Thanks for leaving an inquiry on our page.

      On this page, simply go to the part that says “How to sign up with zipPay”. You’ll find a complete step-by-step guide on how to sign up for ZipPay. On the sign up page, you are able to enter all the important details needed by ZipPay to secure your account.

      Hope this helps!

      Regards,
      Nikki

  4. Default Gravatar
    EddieJune 2, 2018

    I was wondering when I make a purchase using zippay, when will the first monthly payment be deducted from my account?

    • finder Customer Care
      JoelJune 2, 2018Staff

      Hi Eddie,

      Thanks for leaving a question on finder.

      Your first payment will always be at the end of every billing month. You can choose to pay off your balance in full, or simply make a payment that suits your budget (minimum repayment of at least $40 per month required). A $6 monthly service fee will be added to your account for any month there is an outstanding balance.

      Cheers,
      Joel

  5. Default Gravatar
    amberMay 16, 2018

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

    • finder Customer Care
      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

  6. Default Gravatar
    SueMay 12, 2018

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

    • finder Customer Care
      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

  7. 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.

    • finder Customer Care
      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

  8. Default Gravatar
    AaronApril 20, 2018

    Is there a minimum earning to use zippay?

    • finder Customer Care
      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

  9. 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?

    • finder Customer Care
      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

  10. 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.

    • finder Customer Care
      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

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