Zip Pay repayments are due by the end of the month and are automatically direct debited from the payment method attached to your account.
You can choose the frequency (weekly, fortnightly or monthly) of your Zip Pay repayments, as long as you repay a minimum of $40 per month (or $80 if your credit limit is above $1,000). Choose what works best for you!
Alternatively, you can choose to repay any of your purchases before their 'due date' to have your monthly fee waived.
For example: If you make two purchases in February, you will receive a statement of your closing balance on 1 March. You'll have until 31 March to repay the full closing balance without being charged the $9.95 monthly account fee.
No worries if you'd prefer to take extra time to repay your balance! You'll only need to make the monthly minimum repayment and a $9.95 monthly account fee will be added to your balance for the following month.
The best part is - if there's no balance, there are no fees!