Zip Pay

How does Zip Pay work?

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

• Online. Using the app you can find the store you want, add items to your cart and then pay using Zip at the checkout via a single-use Visa card.
• In store. You can add a Zip card to Apple Pay or Google Pay to use Zip Pay at any contactless payment terminal. You can also sign in to your account and At any participating Zip Pay merchant, sign in to your account and select Zip Pay as the payment method during checkout.
• For bills. You can pay any BPAY biller using Zip Pay.

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 $9.95 monthly fee, you need to pay off your purchase by the end of the month you receive your statement. You'll receive your statement on the first day of the month following your purchase (which is why you get "up to 60 days" fee free). After this date, a $9.95 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.
Need more than $1,000? Find out about Zip Money

Features of shopping with Zip Pay

• Interest-free. Zip Pay doesn’t charge any interest on your transactions or outstanding balance. Instead you pay fees if you miss a payment, and a monthly account fee that you can avoid by paying off your purchases in full.
• Low (and avoidable) fees. The $9.95 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. Zip Pay offers a credit limit between $350 and $1,000. When you apply, the strength of your application will determine your maximum credit limit. This is based on the information you provide.
• Instant use. Once you’ve completed the quick sign-up process and are approved, your Zip Pay account is immediately available to you. To activate it, you just need to verify the SMS code, link a payment method and accept the T&Cs.
• Available at thousands of stores across Australia. Zip Pay is available at thousands of stores across Australia. And with the Zip card in Apple Pay or Google Pay, you can shop just about everywhere.
• 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.
• Tap to Pay. With your Zip account you can use your phone to tap and pay for everyday expenses like petrol or groceries. This feature can be used anywhere contactless transactions can be made.

How much will this cost?

Zip Pay 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, Zip Pay does require a $40 minimum monthly payment to be made towards your balance each month.
• Monthly repayment for a limit more than $1,000. You will need to make a minimum repayment of $80 each month if your credit limit is over $1,000 with Zip Pay.
• 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. Zip Pay 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).

Signing up with Zip Pay

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

• Be an Australian citizen or permanent resident
• Have a valid and verifiable mobile phone number and email address
• Be at least 18 years of age
• Have a verified Facebook, PayPal or online banking account in your own name
• Have a good credit history

Once you’ve signed up with your basic information, you’ll get a response within seconds, and after approval you can immediately begin shopping with Zip Pay.

Have more questions about Zip Pay?

How safe is Zip Pay?

How do I avoid fees?

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

What's the difference between Zip Pay and Zip Money?

As mentioned above, Zip Pay has a credit limit of up to $1,000 and is always interest-free. Zip Money, on the other hand, is a line of credit for larger amounts of $1,000 and above. Zip Money offers customers a guaranteed 3 months interest-free and up to 36 months with some retailers.

How does the online account work?

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

Full list of stores with Zip Pay