Anyone who is over 18 years of age and an Australian citizen may be eligible for a zipPay account.
When a customer applies for an account they are allocated a limit up to $1,000. Account limits available to customers are $250, $500 or $1,000. The customer’s limit is automatically assigned at account creation and determined by our risk and credit lending policy.
The minimum payment required each month is $40 (or balance outstanding, if less than $40), however you can set your repayments higher if you wish to pay the purchase off quicker.
To ensure you never miss a payment you can setup a direct debit to automatically make your repayments. You can set this to run for as much as you like and as often as you like (as long as you pay at least the minimum of $40/mth, or balance outstanding) Additionally, you can make a one-off payment anytime by logging into your zipPay Digital Wallet and selecting 'Make a Payment'. Payments can be paid online by debit card, credit card or Bpay.
You will receive a statement at the start of each month outlining any transactions made & balance owing. You will have until the end of the next month to pay off your purchases in full with no fees*. No interest will be charged. *$5 service fee may apply if purchases not paid in full by scheduled due date. Once you have repaid your balance down to $0, the account will simply remain open waiting for you to use again to make additional purchases with no fees.
You will be prompted to make a co-payment before completing the purchase. The co-payment can be made using either a debit or credit card at the time of purchase. In-store, you can do a split payment.
Yes. All customers are eligible for a limit increase after three months of activity on the account, up to a maximum of $1,000. A good repayment history would be beneficial to a limit increase assessment.Are there any additional fees charged for using a zipPay account?