Zip Pay repayments 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 greater than $1000). Choose what works best for you!
For more flexibility with your repayments, we have the following schedule options:
- Custom schedule: You can change the frequency of your payments to weekly, fortnightly or monthly.
- Fee waiver schedule: We’ll automatically adjust your schedule to pay off your full balance owing each month so that you don't have to pay the $7.95 monthly account fee*.
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 statement closing balance off to waive the monthly account fee.
If you'd prefer to take extra time to pay off your purchase(s), no worries! You'll only need to make the minimum monthly payment as outlined in your statement, keeping in mind that the monthly account fee will be charged if the statement closing balance is not paid, in full, by the due date.
The best part is - if there's no balance, there are no fees to keep the account open!
*From 30 January 2023, we are updating the monthly account fee on Zip Pay accounts with limits over $1,000 to $9.95 and adding new benefits including access to exclusive instore and online cashback offers and removing fees for BPAY® Biller transactions.