Why you should use ZipPay when you shop online

When it comes to shopping, the thrill of the experience rests on the gratification you experience when you get your hands on your purchase. However, sky-high price tags can often deter even the most determined buyer - especially in the days of yore when ‘buy now pay later’ wasn’t an option. With the advent of ZipPay, we see a wave of buyers hopping on board ready to try out this revolutionary and convenient payment option.

The Australian payments industry is at a tipping point and a cashless Australia is emerging on the horizon powered by these trends. In 2017, it was found that nearly 8% of all spending on online goods were based on these types of credit schemes.

Read on to be regaled by the ZipPay universe.


What is ZipPay?

ZipPay is a buy now, pay later system that consumers can choose when they check out a product online or in-store. It allows them to pay off the item in fortnightly instalments and typically carries no interest for each deposit.

What makes ZipPay great is that it’s all automatic. Once you make an account, the payments are deducted from your credit card or bank account on a nominated day. The service sends you text messages before funds are withdrawn and, unlike a credit card, you don’t have to worry about making payments - ZipPay does it for you, automatically.

How does ZipPay work?

This service is offered as a payment method in the checkout section of many stores. If you are using it for the first time, you’ll be asked to make an account and give your phone, bank, and address details. If you already have an account, you’ll just be asked to sign in.

Once you’ve used this service, there’s no going back. 

It's easy! Every time you make a purchase they simply add it to your account. Then at the beginning of the month, ZipPay sends you a summary (called a "statement") of what you spent and what you paid in the month. You can then pay it back in full at the end of the month or pay over time from as little as $40 a month, interest-free.

The benefits of using ZipPay

With a wide range of retailers now offering this service and with zero interest involved,  ZipPay makes for a pretty enticing payment option. Some of its benefits include:

 

No extra cost

100% interest-free repayments. zipPay doesn’t charge any interest on your outstanding balance. This way, you avoid the hefty interest and application fees that are associated with money lending options.

ZipPay prides itself on being free for all customers to use, with the only cost incurred being the price of your product.

Convenient and quick sign up process 

Simply visit zipPay’s sign-up page and use a valid Facebook or PayPal account to get set up. Once you’ve completed the quick sign-up process and are approved, your zipPay account will immediately be made available to you.

As long as you meet the minimum required $40 monthly repayment, you can set up repayments as you like. You can choose to pay off your loan weekly, fortnightly, or monthly for any amount you choose. You can also opt to set up a direct debit to automatically deduct repayments from your bank account or credit card according to the repayment schedule you’ve set up.

Immediate use

Customers are able to quickly set up and use their ZipPay account straight away, rather than go through a lengthy application process.

The refund process stays the same

If you’re worried that adding ZipPay to the mix might interfere with your ability to get an easy refund, don’t stress. You can still claim a refund for purchases made with this service, provided that it’s in line with a store’s refund policy.

Good alternative to using a credit card

If you usually use your credit card to make purchases you wouldn’t otherwise be able to afford, switching to ZipPay for retail spending may be a good option as this prevents you from spending money you don’t have. 

Who can use ZipPay?

Since ZipPay isn’t a loan company or credit union, you don’t need to be approved for an account like you would for a credit card or personal loan. 

Here, eligibility criteria only includes that you must be 18 years or older and have a credit or debit card you can link your account to.

What can you buy using ZipPay? 

The sky’s the limit when it comes to utilising this revolutionary payment option.

For more information on how ZipPay could revolutionise the landscape of Australian payment options, visit Simple Deals.