Every time you use Zip to split a purchase into 4 equal payments*, whether through the Zip App or a Zip Exclusive Partner's online store, you are provided the option to "Pay with Zip" at checkout.
When placing your order using Zip, you will be asked to enter how much you plan on spending for your order. The amount you enter here, called your "Purchase Request", determines the funds loaded onto your one-time Zip Virtual Visa Card and must be equal to or greater than your order total (including shipping and taxes).
Upon completing your Zip order, this one-time Zip Virtual Card will be charged the cost of your order, and Zip will charge your personal card the first installment - 25% of your order total - displaying your remaining three payments and their charge dates, which are each two weeks apart, including a finance charge.
For more information on how to place an order using the Zip App, please visit this article.
*See payment terms. A higher initial payment may be required for some consumers. CA resident loans made or arranged pursuant to a California Finance Lenders Law license. For a $200 purchase, you’d make four $51.50 payments every two weeks starting today for a 52.18% annual percentage rate and a total of payments of $206. A $6 installment fee is charged at commencement - you pay $1.50 of this fee as a prepaid finance charge when you make your initial payment today. The remaining $4.50 is included in your future payments. Minimum purchase of $35 required. Estimation of installment payment and annual percentage rate excludes potential tax and shipping costs. Installment fees are $4 for purchases from $35 to $99.99, $5 for purchases from $100 to $199.99, and $6 for purchases $200 and above. Zip Pay Anywhere financing through Zip issued by WebBank, except for Zip originated loans in CO, NV, MA, and MD. All loans subject to credit approval.