Over the years, merchants have been able to beat off competition from competitors by offering consumers attractive sales terms that are supported by appropriate payment methods. One of these payment methods is the “Buy Now Pay Later” method which is becoming more popular, especially among online shoppers. This payment method now serves as an alternative to traditional credit cards and has helped improve the relationship between merchants and customers.
Zappos does not accept Affirm as a payment option. It however accepts Zip, formerly known as Quadpay, as a payment option.
Taking Out A Loan At Zip
Founded in 2017 by Brad Lindenberg, Zip, formerly known as Quadpay, is one of the leading companies that offer the “buy now pay later” service to customers. Just like every other buy now pay later service, Zip helps customers to make payments for costly products in the most affordable and flexible way. For merchants, it helps them to drive sales, reach a wider audience and improve their relationship with customers. Just like some other buy now pay later service, Zip allows customers to make payments for products over a period of time. These payments are divided into four installments, an initial down payment and three other payments every two weeks afterward.
Before you take out a loan at Zip, you have to be a resident of the United States, you must have reached at least the age othef 18, you must possess a valid and verifiable mobile number and you must be able to make purchases with a U.S. credit or debit card. However, your application to take out a lo KKKan will be rejected if you don’t have up to 25% of your purchase amount available at the time of the transaction, if you have more than one order that have not been paid off fully and if you want to make a transaction that exceeds certain spending limits.
Other Stores That Accept Zip
There are a list of other online stores that accept Zip as a payment method. They include but not limited to:
Cap Beauty
DedCool
Caraa
Honey Bum
Fanatics
Fashion Nova
Buscemi
Bee & Kin
Calpak
Chan Luu
Chewy
HBX
GameStop
Herbivore Botanicals
eBags
Carbon 38
Athleta
Abunda
Aera
Allen Edmonds
Hoka One One
KOIO
Mayvenn
Missoma
Sanuk
Solay Sleep
Nomatic
Soludos
Winky Lux
Yummie
United By Blue
Staud
How Affirm Works
Loan Approval:- When Zip approves a loan, a customer is expected to pay an initial 25% of the price of goods purchased. He/she will then make payments in three installments every two weeks afterwards. The payment in the three other installments are usually collected from a customer’s credit/debit card account.
Interest Rate:- Zip offers interest-free repayment on small loan amounts. It offers 0% APR (Annual Percentage Rate) for a limited time.
Payment Of Late Fee:- Although Zip does not charge customers with interest, they do charge them with late payment fee when they don’t meet the repayment obligation in full by the due date.
Reward Point:- Zip does not reward customers with credit points. Customers can only earn points on their linked credit card. Refunds:- To get a refund for a product covered by a Zip purchase, a customer has to communicate directly with the merchant that product was purchased from. Zip will be notified as soon as the merchant processes the purchase. It will then refund the amount the customer has already paid and cancel any applicable future payment.
Benefit Of Shopping With Zip
Aside from the fact that it helps customers to make payments for costly products in the most affordable and flexible way, and merchants to reach a wider audience and drive sales, Zip also comes with a host of other benefits. Some of them include:
Zip gives customers easy access to a staggered payment plan and instantly approves financing for their purchases. There is no hard credit check for customers when they use Zip as a payment option. Customers don’t have to worry about damaging their credit score when they don’t pay on time. Zip does not charge customers with interest fees, account fees or commission. Zip supports automated repayments and sends customers emails and text messages to remind them of their payments so they don’t forget and get penalized with late payment fees.
- Why is my application being rejected by Zip?
It might be because you are providing inaccurate information or because you didn’t make your previous payment on time.
- Will I be penalized if I miss my payment?
Yes, you will be charged with a late fee. It might also reduce your chances of getting a loan next time.
- How can I fund my Zip account?
You can fund your Zip account by signing up for one and linking your credit/debit card to it.
- Does Zappos accept Klarna?
No. Zappos does not accept Klarna as a payment option.
