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 change the frequency of your payments to weekly, fortnightly or monthly, as long as you pay a minimum of $40 per month (or $80 if your credit limit is above $1000). Choose what works best for you!
Alternatively, you can choose to pay off any of your purchases before their 'due date'.
For example: If you make two purchases in February, on the 1st of March, we will send you a statement showing your closing balance. You'll then have until 31st March to pay the closing balance off without being charged the $7.95 monthly account fee*.
If you'd prefer to take extra time to pay off your balance, no worries! You'll only need to make the monthly minimum repayment and a $7.95 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 to keep the account open!
*As of 31 July 2023 Zip Pay accounts with credit limits of $350 and above, will incur a monthly fee of $9.95 if their balance is not paid off in full by the due date. In addition, the $2.50 processing fee for 'Pay a bill with BPAY' will be removed for all Zip Pay accounts. Exceptions may apply.