What is Zip?


Zip is an easy and flexible payment method which gives you the freedom to buy now and pay later at thousands of Australia’s favourite stores and clinics. There are two reusable account types, Zip Pay and Zip Money.

Zip's allows you to securely shop online and instore with any Zip retailer up to your account limit. Each repayment that you make towards your purchases will replenish your available funds, allowing you to reuse your account again and again.

Once you have a Zip account, management is easy. You can make purchases, manage repayments and much more from our simple, online account.

Repayments are flexible to suit your lifestyle - weekly, fortnightly or monthly, and you can pay as much as you like as long as you meet your minimum monthly repayments (advised at the time of sign up).

For both Zip Pay and Zip Money, a $6 monthly account fee applies, but only when you have a balance. We'll waive this if you pay your balance by the due date.

You can apply for a Zip account in minutes online. To apply you need to be an Australian Permanent Resident or Citizen and 18 years of age. Applications involve identity verification and a credit check.

Once approved, the items are all yours without waiting, and you choose how you'd like to pay back over time to suit your lifestyle.

Find out more about our accounts below:

Zip Pay:

Zip Pay is an everyday account that is interest free always, and is perfect for frequent shoppers and everyday use.

Each month you'll receive a statement & have until the end of next month to pay back with no fees. A minimum repayment of $40/mth (or balance if less) is required, but you can of course pay back your balance faster if you like.

Zip Money:

Zip Money offers account limits from $1000 up and can be used for those big ticket items you have had your eye on but may want to pay over time, on your terms.

Minimum repayments start at $40 per month, however, they may be higher depending on your account type and credit limit. You can also make lump sum payments whenever you like to pay back your balance faster and avoid interest.

Some Zip Money accounts require one off set up fee, which is determined by your credit limit. Zip Money accounts also incur interest from 19.9% p.a.

Every purchase has a guaranteed interest free period of at least 3 months, but look out for some retailers offering up to 48 months interest free.

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