What is the difference between Zip Pay and Afterpay?

Zip Pay and Afterpay are two new payment options that are increasingly being used by people to buy goods and services both in Australia and around the world. They conveniently allow you to buy what you need now and to pay for it later, without the need for a credit card. 

But significantly, neither Zip Pay or Afterpay charge interest on the amount you spend, unlike credit cards (or any other form of credit). 

How Zip Pay works

You can apply for a Zip Pay account online that has a credit limit of $350, $500 or $1,000. Once your account is approved, you can buy goods and services up to the value of your credit limit, either online or in-store at retailers who accept Zip Pay.

Once you’ve made your purchase using Zip Pay, you can choose between weekly, fortnightly or monthly repayments. The minimum monthly repayment is $40, and you can set up a direct debit from your bank account for a regular repayment amount above that amount if you wish. 

Are there any charges for using Zip Pay?

No interest is charged on the amount you spend on Zip Pay, but there is a $7.95 monthly fee if you haven’t repaid the amount you owe in full within a month of your purchase. 

There is also a late fee of $7.95 if you fail to make your minimum Zip Pay monthly repayment within 21 days of the due date. 

Read more about ZipPay here.

How Afterpay works

Like Zip Pay, Afterpay provides you with interest-free credit. If you use Afterpay to buy goods or services, you need to make four equal monthly repayments for the amount you spend over eight weeks (in other words, four equal repayments each fortnight). 

However, it’s important to understand that if you purchase an item that is valued at over $500 using Afterpay, you’ll need to make your first repayment immediately, followed by three equal fortnightly repayments.

You can apply for an Afterpay account online and you need to link either a Visa or Mastercard (debit or credit card) to it. Any repayments you need to make will be automatically processed each fortnight, but you’ll be prompted with a reminder before each direct debit occurs.

Are there any charges for using Afterpay ?

There are no charges for using Afterpay if you make your repayments on time. 

However, if your scheduled direct debit Afterpay repayment is unsuccessful, you’ll be charged a $10 late fee. You’ll also be charged a further $7 if you fail to make your scheduled repayment within 7 days.  

Using Zip Pay and Afterpay with us

At Watch Straps Australia, we offer both Zip Pay and Afterpay options for your convenience. 

We have a huge range of stylish yet inexpensive men’s and women’s watch straps available in a variety of sizes.

There are plenty of leather or nylon design options to suit most types of watches.  

Find the perfect strap to complement your watch online now at Watch Straps Australia! 

Posted on 15 May 2021 by Brad Farleigh

Comments (1)


I was about to buy a strap with free shipping and noticed the $10 tool for removing the pins so I added it to the basket. Why do you then charge shipping for such a tiny thing that could be easily put in with the strap ? I bailed out at that point. Kind Regards, Fred howard


Watch Straps Australia Response

Hi Fred, sorry - you should be able to buy the tool and a strap and the shipping should still be free. It will show two options though: "Express shipping" (which is $14.99), and "free standard shipping". Can you double check in the 'shipping' section on your cart and see if there are both options, and if not please send a screenshot to [email protected] so I can investigate? Thanks and sorry for the hassle, Brad

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