Ready to apply for Zip Money?
Apply for Zip Money to access credit limits up to $10,000 and interest free periods of 18 months when you shop at Ivanhoe Cycles
How to apply to Zip Money
How Zip Money works
Get startedCredit limits from $1,000 - $10,0001
Interest free instalments from 3 months to 18 months1
No balance, no monthly account fee. Otherwise you’ll pay $9.95.
One-off establishment fee up to $99 may apply
Repay early at any stage with no penalty
What you'll need to apply
Get startedYour mobile number, personal email and employment details
Your residential details
Your online banking login to verify your income
Your passport, driver licence or medicare details
Why choose Zip?
Sign up in minutes
Applying is fast and easy so you can start shopping today!
Shop just about everywhere
Shop at all your favourite places, online and instore, with the Zip app.
Flexible repayments
You're in control by paying later at your own pace.
How to pay with Zip at Ivanhoe Cycles in 3 simple steps
Apply for a Zip account in minutes
Shop at Ivanhoe Cycles online or in store
Pay with the app or tap to pay with Zip* using your digital wallet
Loved by millions of shoppers globally and counting
Love Zip
Zip is everything and more. It has helped me out heaps and because the payments are flexible it brilliant. I have a regular payment going out each week and I choose how much I pay. Love Zip.
VerifiedIn Love with Zip Pay.
I wish I could give them more than 5 stars! Lucky to be born in the world of Zip, helped me get through many difficult times. Thank you so much Zip Pay. I love you!
VerifiedVery helpful in need!
Zip is very helpful when you don't have money in your savings or credit card. Instalment payments are very flexible.
VerifiedZip is the best among them
I’ve used all the other platforms, and I think none is close to Zip. The flexibility and unlimited nature of transactions from BPay to Credit Card to in app purchasing. None of the others come near to it.
VerifiedJust love knowing I have Zip
I feel I have my own independence being able to have a system like Zip. I can purchase items I love for myself and for others too. To be able to pay back what I can afford without breaking the budget.
VerifiedI CAN USE THIS ANYWHERE!
Literally - In Store or Online - Virtually on ANY (well almost) kind of purchase.
VerifiedAlways there
If find Zip really easy to use and always there when I need them. Hassle free and paying back is easy too.
VerifiedConvenient and helpful
When purchased big ticket item it’s so convenient to pay by ZIPPay because can be paid back by instalment without interest
Verified- Millions of Zip customers across Australia, New Zealand and the US
- Over 58,000 merchants across Australia and New Zealand
- 4.9/5 App Store rating from over 330K reviews
About Ivanhoe Cycles
The original Ivanhoe Cycles store first opened in 1984 and since then the Ivanhoe Cycles name was established as one of Melbourne best cycling stores.Much of that reputation came from a couple of factors. Firstly, we are famous for holding a great deal of stock, so it is very likely that the bike you want will be available - and in your size. Secondly, we have prided ourselves on keeping on staff who are expert in various fields of cycling - everything from road biking to BMX, to mountain biking. This way we can offer you expert advice, and truly find a bike that is an excellent match to you.Due to our established position in the market place in Melbourne we are able to offer deals through the trusted suppliers of the best-known brands of bikes, catering to a wide range of customers, including professional racers, serious weekend riders, occasional riders and bike commuters as well as kids bikes. Most of our staff are bike riders themselves and have been for years, so their advice and professionalism will count when you come into one of our stores to decide what your next ride will be.Since opening that original store in Ivanhoe we opened a much larger store in Heidelberg Heights. This store meant that we could have even more stock on display, as well as a greatly improved workshop facility to help keep you on the road (or track). And with further expansion we decided that the original premises in Ivanhoe were too small, and moved that operation to a massive showroom and workshop in Hallam, ideally situated on the corner of the Princess Highway and Hallam South Road. While this store has only been open a short time, it has already proven to be a very successful move. In addition to each store's own storage facilities, we have 2 large warehouses that hold much of the popular stock, enabling us to deliver bikes in many different shapes, sizes, colours and styles within a dayZip may earn a commission
Visit storeHave a question?
Here are some FAQs to help you get to know Zip better.
Zip Pay is an interest free buy now pay later product offering a credit limit of up to $1,0002. You can buy what you love and enjoy the flexibility of paying it off over time.
- Apply in under 4 minutes and start shopping instantly once approved
- Instant access to a digital Visa card that works online and instore, anywhere Visa is accepted *
- Repay from $10/week A $9.95 monthly account fee applies, waived if nothing owing.
Zip Plus is a great value digital card with interest free and waived fee options. You’ll have more spending power than Zip Pay, with access to a credit limit of $2,000- 8,0003.
- Use Zip Plus instore and online everywhere Visa is accepted
- Reduce your owing balance to $1,500 at the end of each month and you’ll pay no interest at all. If your owing balance is over $1,500 at the end of the month, a low interest rate of 12.95% p.a applies.
- Repay from $20/week
- Shop globally, with no foreign transaction fees
- A $9.95 monthly account fee applies, waived if there is no balance owing at the end of each month.
Zip Money is a line of credit with limits between $1,000 and $5,000 when customers apply directly with Zip, or $50,000 when customers apply through select Zip retailers. You’ll enjoy a guaranteed interest free period of 3 months across all purchases and up to 5 years with some Zip’s retailers1.
- Repay from $10/week
- A one-off establishment fee for certain credit limits may apply
- A $9.95 monthly account fee applies, waived if nothing owing at the end of each month.
- Repayments are automatically direct debited from the payment method that you added when you created the account. You can change the payment method at any time and the frequency of your payments to weekly, fortnightly or monthly as long as you're covering the minimum monthly repayments. Choose what works best for you.
Zip Pay:
- Monthly Account Fee: $9.95 (waived if you pay your statement closing balance in full by the due date).
- Late Fee: $7.50 if you miss the minimum repayment, charged 7 days after your due date.
- Foreign Exchange Fee: If you use a Zip Visa Card or a Single-Use Card to make a 'foreign transaction' (being a transaction made with a merchant or processed by a financial institution located outside Australia), a fee charged at 1% of the value of the foreign transaction.
Zip Plus:
- Monthly Account Fee: $9.95 (waived if you do not have an outstanding balance at the end of the month).
- Interest:
- 12.95% p.a. if your balance is over $1,500.
- No interest if your balance is $1,500 or less.
- Late Fee: $15 if the minimum repayment isn’t made, charged 7 days after your due date.
Zip Money:
- Monthly Account Fee: $9.95 (waived if you do not have an outstanding balance at the end of the month).
- One-off Establishment Fee: $0 - $99, depending on your approved credit limit.
- Instalment Fee: 1.5% of the transaction amount per month for extended interest-free periods.
- Late Fee: $15 if the minimum repayment isn’t made, charged 7 days after your due date.
- BPAY Bill Payment Fee: $2.50 per bill payment.
- Foreign Exchange Fee: If you use a Single-Use Card to make a 'foreign transaction' (being a transaction made with a merchant or processed by a financial institution located outside Australia), a fee charged at 3% of the value of the foreign transaction.
Zip Personal Loan:
- Monthly Account Fee: $9.95
- One-off Establishment Fee: $199 applied to the balance owing on your loan once disbursed.
- Late Fee: $25 if the minimum repayment isn’t made, charged 21 days after your due date.
References
- 1 Zip Money Instalments: Available to approved applicants only and subject to completion of satisfactory credit check upon application. Instalment plan splits eligible purchases of $300 and above into equal repayments within the interest free period. A monthly account fee of $9.95 applies and a one off establishment fee may apply for new customers. Additional charges may apply, see T&Cs. Under the contract, minimum monthly repayments are required and will vary depending on your credit limit. If you turn off instalments, all future transactions will be reverted to the minimum monthly repayment. Paying only the minimum monthly repayment amount will generally not repay out the purchase within the interest free period. Any balance outstanding at the expiry of the interest free period will be charged at the applicable standard variable interest rate of 25.9% per annum, as at 1 June 2023. Interest, fees and charges are 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).
- * Zip Visa Card is available with Zip Pay and Zip Plus. Zip Visa Card T&Cs apply.
- 2 Zip Pay: Minimum monthly repayments are required. A monthly account fee of $9.95 applies and is subject to change. Pay your closing balance in full by the due date each month and we'll waive the fee. Available to approved applicants only and subject to completion of satisfactory credit check. Other charges may be payable. T&Cs apply.
- 3 Zip Plus: Interest accrues daily on the total balance owing at the end of each day. No interest will be charged to your account in a given month if the balance owing at the end of the last day of that calendar month is $1,500 or less. Each day ends at 11:59pm AEST (AEDT during daylight savings). Standard interest rate is 12.95% p.a. T&Cs and credit approval criteria apply. A monthly account fee of $9.95 will apply if the total balance owing is not paid in full by the end of the last day of the calendar month. Interest and other charges may be payable, see T&Cs. Interest, fees and charges subject to change. Credit provided by ZipMoney Payments Pty Ltd (ABN 58 164 440 993), Australian Credit Licence Number 441878.