Zip Business Trade is a safe, simple line of credit, offering you the ability to buy now and pay later for all your business needs. You can spend up to your credit limit on goods and services and each transaction will draw down on your credit balance. When you repay the transactions, your credit balance will go back up.

You have up to 60 days to repay without incurring a fee or you can choose to extend over 4 monthly installments and pay a 3% one-off extension fee.

To be eligible to apply, you need:

• To have an active ABN or ACN
• 6+ months in business
• More than $5,000 in monthly sales

There is a monthly account keeping fee of $12, however this is only charged when you have an outstanding balance at the end of the month.

There is a 1.95% invoice and Bpay processing fee if you choose to pay using these methods.

There is a late fee of $25, calculated monthly, if you don’t pay the minimum amount by the due date.

We may charge you a bank dishonour fee to cover costs involved if a payment is rejected due to insufficient funds or incorrect details.

We do not charge establishment fees, early repayment fees, annual fees, paper statement fees, account closure fees, credit limit increase fees, or any other hidden fees.

There are no fees if you repay within 60 days. If you choose to extend your repayments over 4 monthly installments, you pay a one-off 3% extension fee. If you have multiple orders outstanding, you can choose to pay off some within the first month, and to extend others over 4 months.

There is a 1.95% invoice and Bpay processing fee if you choose to pay using these methods.

There is a late fee of $25, calculated monthly, if you don’t pay the minimum amount by the due date.

We may charge you a bank dishonour fee to cover costs involved if a payment is rejected due to insufficient funds or incorrect details.