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Zip is an instalment-based payment method which customers can use either in-store or online.
Purchases are aggregated to a monthly statement. There is no interest to pay, providing the balance is paid off in full within a month. Zip offers two products Zip Pay and Zip Money.
Zip Pay is an interest-free online shopping wallet with a credit limit of up to $1,000. Zip Money is a line of credit for larger amounts, generally $1,000 and above. Zip Money offers customers a guaranteed 3 months interest-free across all products and up to 48 months with some retailers. Customers can shop online with Zip by selecting this as a payment option.
When shopping in-store, customers use the mobile app to generate a 6-digit code or barcode, which they present to the cashier. Zip was founded in Sydney in 2013 and is backed by two of Australia’s largest banks: Westpac and NAB.
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Our infrastructure lets you integrate multiple payment methods onto your platform, from Alipay to Sofort. So you won’t have to spend time and money establishing connections with each and every payment method provider.
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We’ll work with you to launch your payment methods in weeks. And we’ll provide your sales teams with white label marketing material to make it easier for them to sell your new payment methods to potential merchants.
Reduce payment failures
There are virtually no gaps between the provider’s technology and our own. So we can monitor transactions closely and fix issues quickly. That means lower lag times and fewer failed transactions for you.
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Our high-quality integrations will boost your checkout conversions and authorisation rates. What’s more, our payments experts and data analysts will work with you to continuously optimise your checkout performance.
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you set up
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Complete your account creation
…by signing a single contract and passing our KYC (know your customer) and AML (anti- money laundering) checks.
…onto our platform. You’ll then be able to activate your merchants using our easy- to-use portal or via an API.
…across borders and locally with your PPRO-powered payment methods.