What do zip co do?
Zip is perfect for everyday purchases and offers the ability to transact just about everywhere, so you can manage all your expenses in one place and repay on a schedule that suits you. To shop instore, Zip Pay users can checkout using Tap & Zip.
How does zip CO make money?
Zip Pay makes money primarily in two ways: charging customers fees. charging retailers a percentage every time a sale is processed on its platform.
Is Zip pay like Afterpay?
Offering essentially the same type of service as Afterpay, zipPay allows customers to purchase now and pay later on a weekly, fortnightly or monthly basis, which is a nice level of flexibility for customers. zipPay is more like a digital wallet with an allowance of up to $1,000 and again, it's interest free.
Does Zip have a monthly fee?
Every transaction with Zip Money has a guaranteed 3 months interest-free period. The interest-free period is determined by the merchant you shop with. When is the monthly fee applied? The $7.95 monthly account fee will be added to your balance at the start of the month if you do have a balance owing.