Starting 31st July 2023, the late fee for Zip Pay in 4 will increase from $8 to $10 on new orders. If you miss a payment, you will see the new late fee of $10 added. This means for orders made from 12:00 AM NZST 31st July 2023, the new late fee amount of $10 will apply to any payments not received on or before their due date. The maximum limit for late fees per order will remain at $40.
Purchases made before 31st July will not be impacted by this change.
Orders with payments made on time will continue to not incur late fees.
We won’t charge any fees or interest if you pay early or on time. If you do miss a scheduled payment, an $10 default fee is added to your account, and your spending will be paused until your overdue payments have been made. A further $10 fee is applied for every week the payment is unpaid.
Our fees are capped at $40 per order, but we really encourage you to get your payments up to date before this point. Being late on payments means that your details may be passed onto a collections agency and have your credit score negatively impacted.