Best Buy Now, Pay Later Services

‘Buy Now, Pay Later’ services are the new financial programs that are quickly taking the place of credit cards for many consumers. They are essentially a lay-by service that allows you to make purchases online or in-store and receive the product without paying the full price upfront. Instead, you can pay in regularly scheduled instalments over a certain amount of time. They can take the stress out of busy spending periods, like Christmas, and in some cases can even be used to pay bills.


Unlike credit or debit cards, signing up is a quick and easy process that you can do online, and often doesn’t require many conditions other than being over the age of 18. Each company offers slightly different variations of the same concept, varying in account credit limits, flexibility of payment schedules, service fees and late fees. It’s important to know all the terms and conditions that come with each service so you don’t get hit with any unexpected fees.

‘Buy Now Pay Later’ services can be useful to help manage your finances and spread out the weight of purchases you would normally make. If you manage your finances well, they can be a good interest-free alternative to credit cards and help you avoid credit card debt. However, it’s also important to consider the risks of these services. People are more likely to buy more than they usually would and overspend because they have the option of breaking up the payment. It can also have an impact on your financial future, with excessive purchases and late payments affecting credit scores and the ability to secure loans in the future.

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7 listings

  • Award Winner 2020


4.3 from 1,282 reviews
  • Free to use - Zero Interest and No Establishment Fees

  • Seamless integration within stores with a large number of merchants offering AfterPay

  • Automatic payment plan of 4 equal instalments each fortnight

  • Credit check not required; doesn't affect your credit score

  • $10 Late Fee for missing an automatic payment

  • $7 Fee on top of $10 Late Fee if you fail to repay the missed instalment within 7 days of the due date

  • May affect your ability to secure a loan as lenders consider Afterpay a line of credit

Zip Pay

Zip Pay

4.0 from 1,271 reviews
  • Interest-free repayments and no establishment fees for ZipPay (maximum $1,000 account limit)

  • 3 month interest-free period for ZipMoney (minimum $1,000 account limit)

  • Flexible payment plans - set up weekly, fortnightly or monthly repayments to suit your schedule

  • $6 Monthly Account Fee if you have a balance

  • $5 ZipPay / $15 ZipMoney Late Fee if you've made no repayments within 21 days of the due date

  • 1.5% payment processing fee if you use Zip to pay bills

  • Minimum $40 monthly repayment required

  • Conducts credit checks during applicatiopn; will affect your credit score if you default on payments



3.6 from 400 reviews
  • Openpay Plans are interest-free

  • Flexible payment plans - set up payments to suit your schedule

  • Establishment Fee, Plan Management Fee and Redraw Fee may apply to some plans

  • Default Fee of up to $9.50

  • Referral Fee of $19.50 iif you have failed to pay a missed instalment 8 days after you due date

  • May conduct credit checks during application; may affect your credit score if you default on payments



2.2 from 484 reviews
  • No fees and Zero Interest if you choose 5 fortnightly instalments to pay for 'Little Things' up to $2,000

  • Zero Interest & 6 - 60 months time period to repay 'Big Things' up to $30,000

  • $8 Monthly Fee if you choose 10 fortnightly instalments to pay for 'Little Things'

  • $8 Monthly Fee & $35-90 Establishment Fee for 'Big Things'

  • $6 Late Payment Fee

Make It Mine

Make It Mine

2.2 from 41 reviews
  • Choose from 3 different payment plan options (Rental, No Interest or Layby)

  • $14.40 Missed Payment Fee

  • Further Fees from $3.50 - $15 apply if a second direct debit attempt is unsuccesful

  • Other fees, such as an Establishment Fee or Delivery Fee may apply



1.7 from 19 reviews
  • Automatic 10-week instalments, interest free

  • Fast and easy sign up process

  • $10 Late Fee

  • Conducts credit checks during application; may affect your credit score if you default on payments



5.0 from 1 review
  • Automatic 6-week instalments, interest free

  • No sign up fees or establishment fees

  • $10 Default Fee

  • Further $10 Default Fee if you fail to pay the missed instalment within 7 days of the due date

  • Conducts credit checks during application; may affect your credit score if you default on payments