On 1 February 2023, the standard variable interest rate for all Zip Money Customers will be increased to 23.9% per annum.
Of course, if your customers repay their purchase within the interest-free period, they won’t be charged any interest.
Order Updated Signage
To order new instore signage, log in to the Zip Merchant Dashboard. Select ‘Marketing’, select ‘POS Materials’, select ‘Order’ and follow the prompts.
Update Online Assets
We have streamlined instructions for selected platforms here. If you don’t have one of these platforms, follow the instructions here.
If you have Zip-hosted online assets, these will automatically be updated on 1st of February, so there's nothing you need to do.
What Zip Money Interest-Free options are there?
All Zip Money accounts have a standard 3-month interest-free period. Some partners offer extended interest free periods from 6 months up to 5 years.
Interest Free Instalments?
If your customer spends $300 or more with Zip Money we’ll automatically split their purchase into smaller instalments, spread equally over the interest-free period to help them avoid interest charges.*
*Zip Money - Available to approved applicants only and subject to completion of satisfactory credit check. Minimum monthly repayments are required. Paying only the minimum monthly repayment amount will generally not repay the purchase within the interest free period. A monthly account fee of $7.95 will also apply and a one-off establishment fee may apply for new customers. Any balance outstanding at the expiry of the interest free period will be charged at the standard variable rate, 23.9% per annum as at 1 December 2022. Other charges may be payable, see T&Cs. Interest, fees and charges subject to change. Terms & Conditions apply and are available on application. See your contract for further details. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878).