Zip is committed to providing SMEs access to a seamless end-to-end product to accept payments, pay expenses and fund growth.
After a successful pilot Zip continues to improve upon its SME offering. As a result, we have decided to streamline our Zip Business product offering and discontinue the Zip Biz product. From 1 May 2022, the Account limit on all Zip Biz Accounts will be reduced to $0.00, meaning that the final date to transact using that Account will be 30 April 2022.
If you are interested in retaining a line of credit for your Business with Zip, you may be interested in applying for a Zip Business Trade Plus Account. This will only be possible when you have paid your Zip Biz Account in full (including fees, charges and other amounts you become liable to pay under the Contract, including those which have not yet been debited to your Zip Biz Account).
Until the end of 30 April 2022, Zip Biz customers can continue to use their account to transact.