Buy now pay later schemes that offer interest-free financing with no credit checks are rapidly gaining popularity in Australia. Below is a listing of the top 10 options and stores in Australia.
- Zebit was founded to provide a better financial alternative for consumers. At this store, consumers have the power to buy what they need and pay for the items over time without interest. No credit score is required for an individual to transact on the Zebit platform.
- Lombard Finance, another of the great buy now pay later options, is part of the ASX listed FlexiGroup Limited Group. This company gives 0% interest for a minimum of 6 months on purchases of $250 or more. You can apply to open an account online or in the store, and once approved, you get 24-hour online access to your account!
- Certegy’s Ezi-Pay payment plan is available at thousands of businesses and retailers across Australia. You can apply as you shop, make interest-free payments for items purchased, and benefit from continuing credit retail payment plans.
- PayRight was founded in 2016 with the vision of changing the way customers paid for their goods and services. Customers benefit from the quick and easy interest-free payment plans, as well as the convenience of being able to apply in-store, in-clinic or on the go.
- Once offers the customer a simple, straightforward and innovative means of lifestyle financing. With the Once Agile Card and the Once 55 Day Card, you can shop at any participating retailer and get up to a 48 months interest free payment period for your purchases.
- Open Pay, another of Australia’s great buy now pay later platforms, gives you the option of creating a personalized payment plan for any item you purchase. Also, after signing up, you can download the app and use it for tracking your purchases and payments.
- With Oxipay, you can choose between 8 weekly payments of 4 fortnightly payments for any item you purchase. Signup is fast and free and can be done online or at the hundreds of merchants that accept this payment option. Oxipay is most certainly the smarter way to pay!
- ZipPay is ideal for smaller purchases, offering flexible payment plans to suit the individual’s lifestyle. Once you open an account and download the app, you can receive approval for up to $1000 in a few minutes! ZipPay is available at leading stores across Australia.
- ZipMoney is the larger version of zipPay, tailored towards for larger purchases. Customers choose between weekly, fortnightly, monthly and one-off payments. There is also a three-month window during which customers make payments interest free.
- Afterpay is the most widely available buy now pay later option in Australia and is found in most of the top retail outlets. Once you register and your account is approved, you can buy whatever you need and pay for it in four equal, interest-free installments. There is even an Afterpay app available!
With all the great options listed above, it is no wonder that the buy now pay later craze is growing at such a fast pace in Australia!
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