ZipPay is a widely used method in Australia. It works like a credit card but it’s even better. ZipPay allows customers to pay for goods and services when they don’t have enough of their own money and repay later. In other words, you borrow some money and pay it back in weekly, fortnightly, or monthly installments. It’s easy and convenient, especially for gamblers.
However, not every online gambling transaction will be accepted by ZipPay. The company supports responsible financial behavior. Simply put, if you aren’t capable of returning the money you borrowed, the service will block your casino transaction. This is why ZipPay is less used by gamblers than its sister product ZipMoney.
ZipMoney is a slightly different thing. But it’s available only to customers who have proved their reliability and who repay regularly. Below, we will tell you more about each Zip method. But for now, you can already choose an online casino to spend your Zip money at.
There are a lot of advantages to using Zip products. But the main reason Australians prefer ZipPay and ZipMoney is that the money is available at any minute. So they don’t need to wait for the upcoming payday to afford something they need right now.
ZipPay and ZipMoney have some drawbacks too. Find them later in this article.
Zip offers a single-use virtual card for both ZipPay and ZipMoney. In other words, it will expire after you use it for purchases.
Zip payments are not a difficult process. It will be more difficult to find a casino that you want to play than actually deposit. Here’s how it works:
Not all online gambling platforms will be partnered with Zip since Zip supports responsible spending, which is why you won’t be able to pay through the Zip mobile app.
Zip offers a mobile app for faster and more convenient purchases.
Both products are quite similar. However, they differ in numbers. ZipPay allows spending no more than $2,000 when using a single-use card. For many, this amount is more than enough to gamble all day long.
Generally, ZipPay doesn’t credit wild amounts. Its credit limits range from $350 to $1,000. This is why if you need a larger credit, you need to apply for ZipMoney which gives up to $5,000.
There is a monthly fee of $7.95 for using any Zip account. However, if you pay your statement in full before the due date, the fee will be waived.
Zip assures you that there aren’t any interest fees. And it is true for ZipPay. But ZipMoney has only a 3-month interest-free period for any transaction.
This is also all the information you need to know about fees. No other costs can be applied by Zip. However, your casino operator may have some rules for Zip payments, and you shouldn’t forget about it.
Neither ZipPay nor ZipMoney is available for cash-outs. So you will have to choose an alternative payment system for withdrawals. Check out web wallets such as Neteller, ecoPayz, Skrill, Much Better, and others. Most casino sites also offer bank transfers, though it’s the slowest method of withdrawal.
Nevertheless, you should remember that your Zip repayments will be directly debited from the account you provided for Zip. So if you provide your bank account, for example, as your debit payment account, you can withdraw casino winnings via bank transfer, which will be used for repayments.
ZipPay is a very useful and simple way to deposit money into your casino account. It offers flexible payments and a no-fee experience. However, mind that some casino payments can be blocked by Zip, especially if you cannot play responsibly.
Though to some extent, ZipPay or ZipMoney can help you gamble under control. To avoid penalties and monthly fees, you need to pay the money back on time.
All in all, there are two major drawbacks to using Zip products for gambling. The first is that it can’t be used for withdrawals. But fortunately, players can find other great payment solutions to cash out their winnings. And the second drawback is the availability at online casinos. Not all Australian pokie sites accept ZipPay, which is why it can be troublesome to find a perfect casino. Use our casino reviews to find the best online gambling platform in Australia. We review casino sites from our expert point of view and recommend only trusted sites.
Posted Thursday, January 12, 2023