Zip is an interest-free payment service allowing shoppers to buy products when they want them (in-store or online) while spreading the cost of these items over four equal fortnightly payments.
Zip partners with online retailers to allow customers to buy items there and then, while paying for the goods later down the line.
Shoppers browse their chosen online store as usual. Once they get to checkout, if Zip is available, customers can choose to pay later with Zip as their payment method, instead of using a credit or debit card. At this point, users will need to create an account and provide bank or card details in order to complete the purchase. The payment will then be spread across four equal fortnightly chunks.
You can check out our full list of Zip retailers and find out where you can buy now and pay later.
I Saw It First
Up to 70% off dresses
Looking for a new dress that gets all the likes? Shop the wide range of dresses to find the perfect going out dress, flattering wrap dress or blazer dresses that are a vibe! T&Cs apply.
PrettyLittleThing
Save up to 70% off everything!
Shop at PLT now and score up to 70% off thousands of fashion items! What are you waiting for? Grab something new today! T&Cs apply.
LOOKFANTASTIC
Save 15% on your order at LOOKFANTASTIC!
Shop now and use this discount code at the checkout to get 15% off at LOOKFANTASTIC! T&Cs apply.
Zip costs absoutely nothing to use, so long as you pay on time (every fortnight). If you fail to cover a scheduled payment, you will be charged a £4 late fee and a further £4 for every week the payment is outstanding.
Each late fee charge has a cap of £20 but if you keep failing to clear your balance, your details may be passed on to a collections agency and your credit score negatively impacted.
In short, yes. Zip considers a number of factors as part of its assessment process. When you apply for a Zip account, identity checks and a “soft” credit check are undertaken to verify your details and confirm you can make repayments. Credit checks are performed by third-party companies Equifax and illion.
Absolutely. Zip’s website is SSL secure and does not store your full debit card details. All payments are handled by Payment Express, a secure PCI compliant UK-based payment gateway.
Click through to checkout at your chosen store and if that retailer offers Zip, you’ll be able to choose it as your payment method. As you are guided through this mini application, you are also creating your Zip account.
On the off chance that you encounter a problem with Zip, we suggest taking a look at the list of frequently asked questions on the site. Can’t find your query on there? Give Zip a call on 020 3319 6601, or email the team at uk@care.zip.co.
Zip is a good alternative to the likes of Klarna and Clearpay in the UK and around the world, although it is yet to partner with many well-known high-street retailers.
While Zip gets extra brownie points for offering its pay later services both in-store and online, unlike some other providers, it’s not yet partnered with many of the major high-street retailers that seasoned shoppers would expect. Having said that, we suspect this is likely to change soon and Zip’s transparency when it comes to late fees and credit checks make it a safe service to use… if you keep on top of your instalments.
Find out how a group personal pension works and how you can use a workplace pension scheme to build your wealth.
Saving enough money to guarantee yourself a comfortable retirement can be complicated. If you’re thinking of investing, a SIPP can be a viable option.
Learn more about how ethical credit cards work and whether they are right for you.
The guide discuses the pros and cons of junior SIPPs, and why kick-starting your child’s pension early can reap substantial rewards.
If you’re self-employed, paying into a private pension is a great way to save for retirement, thanks to the tax benefits.
The state pension and private pensions are separate but complementary ways to save for retirement.
The main differences between SIPPs and standard personal pensions are investment choice and price.
We outline your SIPP withdrawal options and whether you should opt for an annuity, flexible drawdown or take your whole pot in 1 go.
Tax relief and employer contributions mean that saving into a workplace pension is an invaluable way to bolster your retirement income.
Learn more about the Crypto.com platform in our complete review.
