What is Zip Money?
Zip Money is a reusable account that lets you buy now and pay later, with minimum monthly repayments of $40 per month. Shop online and in-store up to your account limit, then set flexible repayments to suit your lifestyle. There is no deposit and every purchase comes with it's own interest free period.
How do Zip Money repayments work?
Repayments start from just $40 a month and are based on your account's credit limit. Simply choose from weekly, fortnightly, or monthly, and pay any amount you like as long as you meet the monthly minimum for your account (outlined in your contract).
You can also make additional payments at any time, and there are no penalties for paying off your purchases early. If there is nothing owning on your account, there is nothing to pay and no fees. Your account simply remains active until you are ready to make a new purchase using Zip Pay.
Fees and Interest
Dependant on your account, purchases are interest free for a minimum of 3 months and may incur an interest charge after this period. A $6 account fee is charged monthly however this is waived if you have no balance remaining. Late payment and bank dishonour fees may also apply. Zip Pay reserves the right to change and update their fees and charges at any time. Please check the Zip website for the most up to date information.