I don't know enough about the US model particulars to be fair - but no, if I was charged $4 for every transaction I wouldn't use it for everything. But if I was struggling financially and I could buy a new $1000 fridge on it and only pay $4 and pay it off over a couple months with no interest then I'd do that for sure.
But I have signed up for Zip Pay in Australia a couple months ago to get a better understanding of the Zip product as an investor, and I have enjoyed using that. I want them to build up their rewards program to make it more enticing, but I can see the appeal for people that might be struggling financially because it allows them to spread it out without getting slogged with heaps of interest.
Getting a credit card is super dangerous for people that are bad financially in my opinion - they often have much higher credit limits (e.g. $6,000) and then you are never assessed again essentially, and the interest you can rack up on that is crazy.
I love the fee-waiver payment structure with Zip Pay that ensures I never pay any fees. And I really like the ability to easily generate a single use card to use for online shopping - gives me a lot of peace of mind from a fraud perspective when buying from sites I'm not super familiar with.
I personally prefer credit cards for my personal situation because I collect Qantas points, and because the Zip Pay limit they gave me was only $350, but I can see how it can be a good option for people in a weaker financial position.
- Forums
- ASX - By Stock
- ZIP
- $2 PARTY
$2 PARTY, page-9495
-
-
- There are more pages in this discussion • 2,298 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ZIP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.34 |
Change
0.245(11.7%) |
Mkt cap ! $2.848B |
Open | High | Low | Value | Volume |
$2.20 | $2.34 | $2.17 | $39.78M | 17.73M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 115365 | $2.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.34 | 463786 | 29 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 113779 | 2.330 |
23 | 190438 | 2.320 |
19 | 209917 | 2.310 |
19 | 175101 | 2.300 |
23 | 187812 | 2.290 |
Price($) | Vol. | No. |
---|---|---|
2.340 | 431651 | 24 |
2.350 | 559219 | 46 |
2.360 | 208591 | 27 |
2.370 | 338808 | 18 |
2.380 | 103316 | 11 |
Last trade - 13.01pm 28/08/2024 (20 minute delay) ? |
Featured News
ZIP (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
SPONSORED BY The Market Online