If you're looking at making a large purchase from your home, garage gym or studio space, you can now spread the cost of your investment (upto £800) across with 4 equal fortnightly payments and all interest-free.
Paying with Zip online is easy. Shop online via our website, just as you normally would. When you get to the payment page (after adding your delivery details), select Zip as a payment method. If it’s your first time using Zip, you’ll need to enter some personal details (just name, date of birth and address) so that Zip can do a quick automatic ID check and credit assessment. Their system does this in real-time and if it’s all approved, and you agree on the instalment schedule, they will take the first instalment. Once accepted, the we will send the goods to you as we would with any other payment method - Easy at that!
Nope, Zip are not like traditional finance companies. As long as you pay your scheduled payments on time you will only pay the price advertised online and not a penny more. But if you miss a scheduled payment, and don’t process a payment before midnight on the day it is due, they do charge an £4 default fee and a further £4 for every week it is outstanding. So make sure you have money in your account in advance of your payments coming out. Zip email you in advance every time as a reminder.
The first time you use Zip, they'll need some details from you (just name, date of birth and address) so that they can do a quick automatic ID check and credit assessment. The system does this instantaneously and if it’s all approved, you agree the payment schedule and they take the first payment.
Your credit/spending limit is set based on a number of factors, but this primarily comes from your Credit Score. Over time, your spending limit can increase if you've shown good repayment history with Zip (so keep up with your payments!), or if your Credit Score information is updated. If you miss or default on your Zip payments, then your limit will decrease so make sure you pay on time. To learn more about your Credit Score and credit history, get in touch with TransUnion. (https://www.callcredit.co.uk/consumer-solutions/your-credit-report)
Typically our maximum spending limit given is £800, and exact credit allocated is based on individual credit assessments. If you purchase regularly using Zip and always make your repayments on time your spending limit may increase. Our minimum order value is £50
To shop using Zip, you need: - To be over the age of 18 - To have a UK issued Visa or Mastercard (both debit and credit are good) - Be living in the UK - A good credit history (our automated system will review this when you sign up)
Given that Zip are giving you access to finance, their system assesses a number of factors to work out your spending limit (primarily a Credit Check) so if you don't meet the minimum requirements, you may be declined. This is so that Zip know you are committed to make their repayments on time. To learn more about your Credit Score and credit history, get in touch with TransUnion. (https://www.callcredit.co.uk/consumer-solutions/your-credit-report).
Payments are automatically scheduled to be taken fortnightly. You’ll pay 25% upfront, then 25% fortnightly for the next 6 weeks. Zip try to take payment during the day. If this fails, or if you'd like to make a payment earlier, you can log in to your Zip account (https://www.zip.co.uk/login/) and manually make a payment. Be sure to pay before midnight to avoid a late payment fee of £4.(https://www.callcredit.co.uk/consumer-solutions/your-credit-report).
You can change a card by logging into your Zip account (https://www.zip.co.uk/login/), visiting the My Profile page, and then clicking the ‘Add New Card’ button. Once you’ve added a new card and activated it by making a manual payment it will become your active card for that order. Zip will no longer try and take payment from previous cards after a new card becomes active.
You can change a card by logging into your Zip account (https://www.zip.co.uk/login/), visiting the My Profile page, and then clicking the ‘Add New Card’ button. Once you’ve added a new card and activated it by making a manual payment it will become your active card. They will no longer try and take payment from previous cards after a new card becomes active.
If you have missed a payment you can manually pay it by just logging into your account at https://www.zip.co.uk/login/ then going to ”Payments” where you will see a “Pay Now” button. Make sure you pay it by midnight the day it’s due to avoid a late payment fee of £4.
We understand that circumstances can change, and things can pop up. Send an email to - firstname.lastname@example.org and Zip will see what they can do!