Zip | BNPL
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.
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.