You can sign up to Zip during checkout on the eBay website.
Zip offers two types of accounts for eBay buyers: Zip Pay and Zip Money:
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Zip Pay |
Zip Money |
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Credit limit |
Up to AU $1,000 |
Up to $5,000 |
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Interest |
Interest free* |
eBay offers 6 months interest free on Zip Money purchases After 6 months you will incur interest on any remaining balance at a rate of 25.9% per annum.*** |
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Repayments |
Nothing to pay on the day of your purchase Repay from $10/week |
Nothing to pay on the day of your purchase From $40/month or 3% of the outstanding balance – whichever is greater |
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Fees |
No establishment fee $9.95 monthly account fee**, waived if you pay your statement closing balance in full, by the due date If you don't pay the minimum payment each month (or the remaining balance if less), a late fee of $5 for Zip Pay will be charged 21 days after your contractual due date.
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One-off establishment fee may apply to new customers $9.95 monthly account fee, waived if nothing owing**** Pay a bill with BPAY: A fixed $2.50 processing fee applies for each bill.***** If you don't pay the minimum payment each month (or the remaining balance if less), a late fee of $15 for Zip Money will be charged 21 days after your contractual due date. |
*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.
**As of 31 July 2023 Zip Pay accounts with credit limits of $350 and above, will incur a monthly fee of $9.95 if your balance is not paid off in full by the due date. In addition, the $2.50 processing fee for 'Pay a bill with BPAY' will be removed for all Zip Pay accounts. Exceptions may apply.