I myself would also not do it, but I do understand others who might. What suits you is great for you, what suits others is great for them. If they completely shun Credit Cards or even if they don’t then Zippay or their kind of service may indeed be a very valid choice, as is layby for some and loans are for others. We all have differing needs and that is what makes life such an interesting place to be.
This was not ZipMoney which even though it is run by the same company is not the service Zippay. ZipMoney is only interest free for a limited time period of 3 months though some extended periods can be offered as promotional ones and a $6 fee is charged every month there is a balance owing. It is also only for amounts over $1,000 I believe. On the other hand Zippay is interest free but does charge a $6 fee if there is a balance owing after each month and there are penalties if payments are missed. So for some the choice of 4 weeks to pay back with no interest or fees is a great choice.
What the complaint that started this thread was about is that a merchant in what seems to be a breach of Zippay’s condition ie that no Zippay merchant cost of service is to be passed onto the customer and those details were not disclosed until the payment was being processed and that the cost was passed on in what seems disregard of their Zippay Merchant contract is the problem.
Zip pay’s Repayment explanation from their site:
How do Zip Pay repayments work?
We’ve made repayments simple and flexible. Here’s how it all works:
We give you one account for all of your purchases, with only one repayment schedule to manage!
When is my first payment due?
Once you’ve made your first purchase, we’ll send you a statement at the start of the next month, outlining any purchases you made.
We set your default autopay amount to be $40 per month (or less if the amount you owe is less than $40). We’ll send you a statement outlining all purchases on the 1st of the next month.
How is the repayment made?
This will come from your linked debit card and run until your purchases are paid off.
You can change your repayment schedule at any time - choose from weekly, fortnightly or monthly payments. You can also set your own payment amount, as long as you cover the monthly minimum of $40 (or less if the amount you owe is under $40).
You can make additional payments at any time, and there are no early repayment penalties. Just be aware that additional payments won’t stop or replace your scheduled payments unless you manually change your payment schedule.
When is my payment due?
We’ll send you a statement at the start of each month. This will provide a summary of any purchases you made during the month prior and how much you owe in total. You’ll then have until the end of the month to pay off your balance in full to avoid paying any fees.
If you’d prefer to take extra time to pay off your balance, it’s no problem - you’ll just need to pay the monthly minimum of $40, and a $6 monthly account fee will be added to your balance for the following month.
For example: If you make two purchases in January, you’ll receive a statement on February 1st showing how much you owe for these two purchases. You’ll then have until February 28th to pay this amount without being charged the $6 monthly account fee."