Zip | BNPL

Buy Now Pay Later (BNPL) schemes offer instant access to credit and the items on our wish lists. They allow a shopper to make a purchase, pay an initial instalment, then clear the remaining balance in regular, automatic payments. Currently, there are six main BNPL providers in NZ. Here Canstar reviews and compares Zip with its competitors.


How does Zip work?

Zip has over 2 million customers across Australia and New Zealand, and is available at over 1600 retailers, including The Warehouse, Noel Leeming, Bunnings Warehouse, The Market and Chemist Warehouse.

  • Pay in four, fortnightly instalments
  • Credit of up to $1000
  • App and website

What are Zip’s late fees?

  • $8 fee for missing a payment plus a further $8 for every week the payment is outstanding
  • Missed payment fees are capped at $40

How does Zip compare?

The display order does not reflect any ranking or rating by Canstar.

Provider Instalments Frequency Late Fee Late Fee Cap
4 Fortnightly $10 then $7 each week 25% of item cost
6 Weekly $10 per missed payment $40
4 Fortnightly $3-$15 per missed payment $9-$45
4 Fortnightly $8 per missed payment $40

This information is not an endorsement by Canstar of BNPL schemes or any specific provider.

About Zip

Zip was founded in Sydney, Australia in 2013. It has grown from a technology start-up to an ASX200 company with over 4 million customers globally.

Written by: Andrew Broadley | Last updated: September 9, 2022

Other BNPL from