Zip Biz is a reusable account that lets your business buy now and pay later. You can shop online and instore up to your account limit, then set flexible repayments to suit you. There’s no deposit and every purchase comes with up to 60 days without interest or fees. Need more time to pay? No problem. Simply enable our Part Pay option to pay in a way that offers you an extension.
How does it work?
Apply and get a decision in minutes. Once approved, you can use your account anywhere Zip is accepted. You’ll have up to 60 days to pay interest free.
How do repayments work?
Payment is due 30 days after receiving your monthly statement. If you pay off your balance within this period, your account will not attract any interest or fees. However, if you need more time, you can enable our Part Pay feature. This extends the balance due date by one month and requires you to pay a portion of the due amount with a 2.5% fee being applied to the leftover balance.
You can make extra payments at any time, and there are no penalties for paying off your transactions early. Finally, if there’s nothing owing on your account, there’s nothing to pay and no fees. Your account simply remains active until you’re ready to make a purchase.
Am I eligible for Zip Biz?
To be eligible to apply for a Zip Biz account, you need to have:
An active ABN or ACN
6+ months in business
More than $5,000 in monthly revenue
We’ll then apply our lending criteria to each application.
How do refunds work?
Start by speaking to the retailer where you made the purchase. If they agree, they’ll process the refunded amount and then it will appear back in your Zip account. If a refund puts your Zip account in credit, you can contact us to have the amount refunded to your bank account. Or, simply use it for your next purchase.