What is Zip Money?

Zip Money is a simple and convenient payment solution that allows you to buy now and pay later! On approval, you’ll receive a personalised Zip Money account that you can use online or in-store at Fantastic Furniture (or at any other Zip Money retailer). Simply make your minimum repayments each month to enjoy the interest free terms outlined in your contract. Zip Money is sure to take the strain off your purse strings!

How does it work?

ZipPay_How To

Important - Please note

To qualify for Zip Money you must meet the following criteria.

  • 18 years of age and over.
  • Australian citizen or resident.
  • Have your own email address and phone number.
  • Employed or regular income.
  • Have access to online banking

What do I need?

To apply for a Zip Money account online, you’ll need to select your desired credit limit and provide your residential, employment and financial information. Next, verify your identity through SMS, and have your email address and mobile phone number handy. Once complete, your application will go through a quick assessment (this takes about 3 minutes) to determine approval.

The important stuff.

Zip Money offers credit limits between $1000 and $8,000 to approved applicants only. Depending on your credit limit, you may be charged a one-off establishment fee (refer to table below) outlined to you on application. All purchases carry an interest-free period, as outlined in your contract, after which your outstanding balance will accumulate interest at the standard annual rate.

Regular repayments are taken automatically via direct debit – you can set these to suit your lifestyle, provided you meet the monthly minimum highlighted in your contract (refer to table below). Please note that payments will only be accepted from debit cards via your bank account. You can make additional payments whenever you like through your debit card or BPay. Just keep in mind your scheduled payment will still also take place!

Credit Limit
Est. Fee Minimum Monthly
$1000 $0 3% or $40
$2000 $25 3% or $40
$3000 $49 3% or $80
$4000 $75 3% or $80
$8000 $99 3% or $200

What if I’m naughty and miss a payment?

Zip Money repayments are taken automatically via direct debit. However, if a payment fails, Zip Money will send you a notification so you can make the payment manually or reschedule it to be processed in a few days’ time. Remember, a single $6 service fee will be added to your account for any month you have an outstanding balance.