Zip Money and Zip Pay are two separate products with a couple of key differences, but customers with any of the 2 accounts can now shop at all zip merchants.
Zip Pay is digital wallet with an interest free credit limit of up to $1,000 with only a monthly account keeping fee of $6 processed if there is money owing at the beginning of the month.
Zip Money is a line of credit for larger amounts - generally $1,000 and above. Zip Money offers customers a guaranteed 3 months interest free across all products and up to 48 months with some retailers. This depends on the individual merchant and will be confirmed with the customer prior to purchase. There may be a a small establishment fee based on their credit limit, which we confirm on the banner of the application and in the contract, and a $6 monthly account keeping charge while there is an outstanding balance.