Zip is one of the leading 'buy now pay later' services across a number of countries including Australia, New Zealand, the United States (formerly QuadPay), Canada and the United Kingdom.
In Australia, they provide consumers two ways to pay via two consumer facing products - ZipPay and ZipMoney and both products provide the ability to make the purchase and pay later, interest free for both online and in-store.
How it works
- Shopper proceeds to checkout
- Shopper chooses Zip from the list of payment methods available
- Shopper reviews payment information
- Shopper provides additional information
- Payment completed
|Payment type||Buy now pay later|
|Available in||Oceania||New Zealand*, Australia|
|North America||Canada*, United States*|
|* Online only|
|Currencies||Settlement currency||AUD, USD, GBP, NZD, CAD|
|Processing currency||AUD, USD, GBP, NZD, CAD|
|Multiple partial refunds|
|Multiple partial captures|
|Local entity required||Merchant/legal entity and customer need to be in the same jurisdiction|
|Sales day payout|
|Settlement delay||2 days|
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