Zip partners experience up to 30% growth in sales, up to 70% increase in order value and up to 80% increase in repurchase rate. Zip is the perfect tool to increase sales at no risk to our partnered brands since the merchant gets paid the full amount upfront.
With Zip, your customers will be able to split their purchases in-store and/or online purchases into 4 equal instalment payments. They will pay 25% at checkout, and then 25% every two weeks, paying the order off over a period of 6 weeks, and making it easier for them to make larger purchases. For example, a $450 purchase would cost $112.50/payment over 4 instalment payments.
We don’t lock customers into contracts or charge them unexpected fees; we simply ask that they make their repayments on time - and they do. Only 1 in 100 customers miss a payment in any given month.
Orders may be subject to platform fees and/or late fees. Please see this section here.
We take all the risk, both credit and fraud. Once a transaction is approved, you are guaranteed the payment and Zip will deal with the rest.