You can use any Zip account at any Zip retailer and you can use our Shop Everywhere feature at any online retailer!
In-Store and Online | Yes | Yes |
Minimum Repayment Amount | $40 minimum monthly repayment (or $80 if the credit limit is $1,000 or greater) | From $40 per month, your minimum monthly repayment is determined by the the credit limit of your account. The higher the credit limit, the higher the minimum monthly repayment may be, this is outlined in your contract. |
Credit Limits Available | $350 - $1,000 (eligible accounts can increase to $1,500) | From $1,000 - $5,000 directly, or apply through a merchant for accounts greater than $5,000 |
Fees |
For accounts with: Credit limits of $350 or above: $9.95 monthly account fee if there is an owing balance at the end of the month. All Zip Pay accounts: If you don't repay your minimum monthly repayment (or the remaining balance if less), a late fee of $5 will be charged 21 days after your contractual due date. |
Establishment fee based on credit limit from $0-$99, $9.95 monthly account fee (when a balance is owing on your due date)‘** Pay a bill with BPAY’ (a fixed $2.50 processing fee applies for each bill)*** If you don't repay the minimum repayment each month (or the remaining balance if less), a late fee of $15 for Zip Money will be charged 21 days after your contractual due date. |
Interest | Never!* | Guaranteed interest free for 3 months. Our partnered retailers may offer promotional interest free periods ranging from 6 - 60 months. Interest at 25.9% per annum**** after the interest free period expires. |
Pay bills with Zip | Available | Available |
Repayment methods |
Either credit or debit card or BPay |
Debit card, bank account details or BPay |
Shop Everywhere Single-Use Card | Available | Available (for non-exclusive accounts) |
Tap to Pay | Available - Instore only | Not available for Zip Money customers |
Zip Pay is an interest free online shopping wallet with credit limits of up to $1,000, offering you the ability to buy now and pay later, on your terms. Repayments start from as little as $10 a week. To apply for a Zip Pay account please click here.
- a line of credit of up to $5,000 for regular Zip Money accounts and up to $50,000 for specific retailers.
- a guaranteed interest-free period of 3 months across all products and up to 60 months with some retailers.
Wondering which retailers Zip partner with? Take a look at our store directory here.
*Minimum monthly repayments are required. A monthly account fee of $9.95 applies and is subject to change. Pay your closing balance in full by the due date each month and we’ll waive the fee. Available to approved applicants only and subject to completion of a satisfactory credit check. Other charges may be payable. T&Cs apply.
**The monthly account fee for Zip Money accounts with credit limits of $1,000 and above will increase to $9.95 as of 31 July 2023.
***Expectations may apply