Zip Biz is a safe, simple line of credit, offering you the ability to buy now and pay later for all your business needs.

How does it work?

Apply once and we’ll give you a decision on the spot. If approved, you can use your account immediately to purchase wherever you see Zip at checkout. We pay the retailer on your behalf and your purchase can be dispatched or taken home straight away. You simply pay us back over time at a frequency to suit your business.

How can I manage my repayments?

We know flexibility is important, so our product is designed to put you in charge. Simply log into your account to set up your weekly, fortnightly or monthly repayment schedule. Once set up, payments will be taken automatically from your selected payment method, however, you can also make additional one-off payments at any time.

When do I need to pay back by?

On the 1st of each month, we’ll send you a statement with any purchases made in the month prior. You then have until the end of the month to pay back your balance. Alternatively, you can elect to Part Pay your balance and take as long as you need to pay back, as long as you meet the minimum monthly repayment of 1/4 of the statement balance.

What are the fees?

There are no fees if you pay your statement balance in full. If you elect to Part Pay, a 2.5% fee will be added to your account. However, if you don’t meet the minimum monthly repayment of 1/4 of the statement balance, an additional 1.5% late payment fee may also apply. 

How do I reuse my account?

You can re-use your account wherever you see Zip online or in-store. Simply select Zip at checkout, sign in to your account to confirm your purchase and it will be added to your balance. You can add as many purchases as you like to your account (up to your account limit), then simply choose how much to pay back each month.

For more information about Zip check out these articles:

  • What's the difference between Zip Pay and Zip Money?
  • What are the fees and charges with Zip Biz?
  • What is the application process for a Zip Biz account?