How Zip Money Works
Zip Money is a fast, secure and easy way to get what you need today and repay it on a schedule that suits you.
Choose a weekly, fortnightly or monthly schedule. And you can pay it all off early, without a penalty.
From 3 months interest free
Every Zip Money transaction comes with at least 3 months interest free, guaranteed.^^^
Interest free retail offers
Retailers that accept Zip Money often run 6-48 months interest free offers.
Packed with features you’ll love
It’s so easy to buy online with Zip. You can shop directly within the Zip app, by choosing ‘Pay with Zip’ at thousands of online checkouts, or by creating a single-use card. Card T&Cs apply.
Use Zip with over 45,000 BPAY Billers. Save their details to pay faster next time, and get ahead of late fees with handy bill reminders. There’s just a small $2.50 processing fee, no matter how big your bill is.^
Over $1,000 to spend, from 3 months interest free
Our fees are simple and transparent.Sign up now
Over $1,000 to spend, 3 months interest free
Apply in minutes for
$1,000 - $5,000
Apply in minutes for $1,000 - $5,000
A one-off fee, up to $99, based on your approved credit limit may apply.
See your contract for more details
Interest free period
Every transaction has a guaranteed 3 months interest free period.
Any balance outstanding at the end of the interest free period will be charged at the standard variable rate 21.9% per annum.
Monthly account fee
Waived if your balance owing is $0 at the end of the month.
$7.95 fee per month.
Repayments start from just $10 a week and are determined by your account's credit limit.
Paying only the minimum monthly repayment amount will generally not repay a purchase within the interest free period.
Once you're approved we'll confirm your account credit limit. You may be eligible for a credit limit increase once you've been using your account for at least 6 months.
$1,000 - $5,000
Up to $50,000 credit is available at selected merchants.
How to shop in-store with the app
Shopping instore with Zip Money has never been easier. Simply create a barcode with the Zip app when you’re ready to buy.
Here are some FAQs to help you get to know Zip better.
Zip Pay is an interest-free buy-now-pay-later service with a credit limit of up to $1,000.^^ Repayments are based on a minimum monthly payment from as little as $10 per week. A $7.95 monthly account fee applies, we will waive the fee if you pay your statement closing balance in full, by the due date. With Zip Pay, you can shop everywhere you see the Contactless Symbol when you add your Zip card to your Apple or Google wallet.*
Zip Money is a line of credit with credit limits between $1,000 and $5,000 for regular accounts and up to $50,000 for specific merchants. Zip Money offers customers a guaranteed interest-free period of 3 months across all products and up to 48 months with some retailers^^^. Zip Money accounts may incur a one-off establishment fee for certain credit limits. A $7.95 monthly account fee applies.
Both products also feature our Single-use card, which you can use at any online retailer that accepts Visa*.
Zip is perfect for everyday purchases and offers the ability to transact just about everywhere, so you can manage all your expenses in one place and repay on a schedule that suits you.
To shop instore, Zip Pay users can tap to pay at checkout.* To get started with tap to pay, simply navigate to the Zip app and click on the pay tab in the bottom menu. From there, you can follow the prompts to set up your card and add it to your Apple Pay or Google Pay wallet.
To shop online, use the Zip mobile app and generate a single-use card at the checkout anywhere Visa is accepted.
See the full list where you can shop with Zip: https://zip.co/au/shop
Shop everywhere online where Visa is accepted with Zip's single-use card feature on the Zip mobile app. Or shop anywhere instore you see Zip at checkout - we’re partnered with 40,000+ retail stores.
Additionally, you can use your Zip account to pay BPay bills and buy gift cards for food, fuel and subscriptions.
Zip Business solutions can help your business grow.
Boost your sales by accepting Zip Payments.
Zip Business Capital can take your business to the next level with a line of credit up to $500k you could invest in equipment, inventory, staff, or new market growth.
^^^ Zip Money: Available to approved applicants only. Minimum monthly repayments are required. 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 standard variable rate, 21.9% per annum as at 1 July 2022 and is subject to change. A $7.95 monthly account fee applies. A one-off establishment fee may apply for new customers. 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).
*Tap to pay in store available with Zip Pay only. Use the Card everywhere that Visa contactless payments are accepted in store. Card T&Cs apply. Single use card available with Zip Pay and Zip Money only. Use the Card everywhere that Visa contactless payments are accepted online. Card T&Cs apply.
^ Payments may take up to 3 business days to reach your biller. Certain biller exclusions apply including but not limited to credit institutions, gambling, share trading, personal loans and DEFT rent. A processing fee will be payable for each bill and invoice processed through Zip. The amount of the fee will be advised and authorised by You at the time of any relevant bill payment. ® Registered to BPAY Pty Ltd ABN 69 079 137 518.
Apple and Apple Pay are trademarks of Apple Inc., registered in the U.S. and other countries. Google and Google Pay are trademarks of Google LLC. The Contactless Symbol is a trademark owned by and used with permission of EMVCo, LLC. VISA is a trademark owned by Visa International Service Association and used under license.