What is the difference between Zip Money and Zip Pay? – Help Centre

You can use any Zip account at any Zip retailer and you can use our Shop Everywhere feature at any online retailer!


In-Store and Online	Yes	Yes
Minimum Repayment Amount	$40 minimum monthly repayment (or $80 if the credit limit is $1,000 or greater)	From $40 per month, your minimum monthly repayment is determined by the credit limit of your account. The higher the credit limit, the higher the minimum monthly repayment may be, this is outlined in your contract.
Credit Limits Available	$350 - $1,000 (eligible accounts can increase to $1,500)	From $1,000 - $5,000 directly, or apply through a merchant for accounts greater than $5,000
Fees	For accounts with: Credit limits of $350 or above: $9.95 monthly account fee if there is an owing balance at the end of the month. All Zip Pay accounts: If you don't repay your minimum monthly repayment (or the remaining balance if less), a late fee of $7.50 will be charged 7 days¹ after your contractual due date. Foreign transaction fee of 1% of purchase value.	Establishment fee based on credit limit from $0-$99, $9.95 monthly account fee (when a balance is owing on your due date)‘ Pay a bill with BPAY’ (a fixed $2.50 processing fee applies for each bill)* If you don't repay the minimum repayment each month (or the remaining balance if less), a late fee of $15 for Zip Money will be charged 7 days after your contractual due date. Foreign transaction fee of 3% of purchase value.
Interest	Never!*	Guaranteed interest free for 3 months. Our partnered retailers may offer promotional interest free periods ranging from 6 - 60 months. Interest at 25.9% per annum**** after the interest free period expires.
Pay bills with Zip	Available	Available
Repayment methods	Debit or credit card or BPay	Debit card, bank account details or BPay
Shop Everywhere Single-Use Card	Available	Available (for non-exclusive accounts)
Visa Tap to Pay	Available	Not available for Zip Money customers

Zip Pay is an interest free online shopping wallet with credit limits of up to $1,000, offering you the ability to buy now and pay later, on your terms. Repayments start from as little as $10 a week. To apply for a Zip Pay account please click here.

Zip Money is a line of credit with credit limits over $1,000. This product offers consumers:

a line of credit of up to $5,000 for regular Zip Money accounts and up to $50,000 for specific retailers.
a guaranteed interest-free period of 3 months across all products and up to 60 months with some retailers.

Zip Money accounts incur a $9.95 monthly account fee when there is an outstanding balance at your repayment due date, as well as a one-off establishment fee for certain credit limits. To apply for a Zip Money account greater than $5,000, please consult the partnered retailer you would like to purchase with or apply here.
Wondering which retailers Zip partner with? Take a look at our store directory here.

*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 a satisfactory credit check. Other charges may be payable. T&Cs apply.
**The monthly account fee for Zip Money accounts with credit limits of $1,000 and above will increase to $9.95 as of 31 July 2023.

***Expectations may apply

****Available to approved applicants only and subject to completion of a 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 $9.95 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, 25.9% per annum as at 1 May 2023. Other charges may be payable, see T&Cs. 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).

¹ As communicated in our updated T&Cs email/SMS sent 4 March 2025 and effective as of 3 April 2025 for Zip Plus & Zip Money, effective as of 2 May 2025 for Zip Pay.

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