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The Australian hardware giant has announced they will offer customers Zip Pay, sending customers into a frenzy.

Bunnings confirmed the news to Daily Mail Australia on Friday morning, saying it comes in an bid to ‘improve customers’ experience’.

According to Finder, the partnership will see both of Zip’s interest-free products, Zip Pay and Zip Money, offered at the hardware chain by early December 2018, ‘allowing customers to access lines of credit between $250 and $30,000′.

Zip Pay, like its industry counterpart Afterpay allows customers flexibility to purchase now and pay later on a weekly, fortnightly or monthly basis.

However the government wants to see some massive changes to the service and has called for stricter regulations to prevent families getting into big debt. Read more here

Afterpay – love it or hate it?

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  • I prefer first to safe and then to buy.

    Reply

  • I have never heard of this before.

    Reply

  • Curious why my comment was removed? I asked if this was a sponsored post. Its just a question.
    Legallly you are supposed to declare if it is.


    • weird, its showing up now. It wasnt before.

    Reply

  • Oh my word this is AMAZING!! We just bought a house that needs a little work, I can’t wait until this comes into effect!

    Reply

  • Nooooo!! I have never heard of Zip Pay, but After Pay is everywhere. If I can’t afford something on the spot, I wait until I do. I feel we’re just encouraging more debt or purchases people can’t afford.

    Reply

  • I have never used Zip Pay before, I have no idea how it works.

    Reply

  • Are these sponsored posts out of curiosity?
    Nothing wrong with that but there seem to be A LOT of coles myer related ones so Im curious

    Reply

  • Holy moly $30,000 seems very excessive to me. I avoid these payment options like that plague, I prefer to save and buy outright. Smart move by burnings, they’re going to have a spike in sales once this kicks in

    Reply

  • It would help some people out but not good to get into too much debt where you would get stressed about having to pay so much money back

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  • It’s great help but not great if your bad at managing your own money and left with debts

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  • I don’t like it. I work in the banking industry and see far to many people getting into debt, trying to pay things off they can’t afford and it spiraling out of control.

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  • i work in retail and have seen people going into debt over unnessary items, i agree that there should be stricter governance over “lines of credit” like afterpay and zi pay.

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  • This is just insane…. i can’t even imagine who would be in a frenzy over this!

    Reply

  • Why buy something if you cannot afford it, I just save up, learn to plan ahead. Who gets a line of credit of $30,000, that is crazy.

    Reply

  • I have used Afterpay for somethings. This has been for items that were needed quickly but not more then $150 and most times will pay it off as quickly as possible. Thinking the upper end of this must be for business.

    Reply

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