What is Zip Pay?
Zip is a reusable account that you get in just minutes for up to $1000. There are no interest payments so long as you pay on time. You can use the account to buy any number of products up to a total amount of $1000. Zip is used by over 2 million Australian and New Zealanders and has been a service to customers since 2013.
How does it work?
Once you have a Zip Pay account, you simply select the Zip Pay option at checkout, and payment is made by Zip instantaneously.
What can I buy?
You can buy linen on Zip or a mattress topper on Zip. You can use Zip Pay on any of the great products in the Bedloves store. The choice is yours. Simply use Zip to buy now and pay later. You can buy just about anything with Zip. In 2020, there were over 19,000 retailers you could buy from.
How to I get an account?
To get an account from Zip, you need to go to their website zip.co and apply. To be eligible you need;
1 - Be an Australian citizen or permament resident.
2 - Be 18 years or older
3 - Have a valid paypal or facebook account
4 - Have a debit card in your name
5 - Not be declared bankrupt or insolvent.
What are the fees for Zip Pay?
Zip do not charge the customer any interest fees, and the retailer pays a transaction fee. There is a $6 monthly fee if your minimum balance is not paid on time. A late fee of $5 may also be charged.
How do Zip Pay repayments work?
Repayments of the amount used is required each month. The minimum balance is $40 or less if less is owed. If this amount is paid then the $6 monthly fee is waived. SImply set up a direct debt from your account.
How do refunds and exchanges work?
Payments with Zip are instantaneous, and refunds will be issued to your Zip account. Therefore our standard refund and exchange policy applies. You have 60 days to change your mind and return unused goods.
Zip is an Australian company listed on the stock exchange that provides funds to customers so that they can buy now and pay later easily on line and in store without being charged interest. We recommend reading the fine print at zip.co.