ZIP 2.70% $2.16 zip co limited..

2.24% Bad Debt. How do you calculate?, page-31

  1. 1,517 Posts.
    lightbulb Created with Sketch. 322
    there is a key difference here

    zip charges a $6 fee per month if you have an outstanding balance

    if you treat zip like a credit card (which is what young people are doing unbeknownst to them) then you will constantly have an outstanding balance

    this is not a late fee and it amounts to effectively interest paid by the customer on top of the commission from merchants
 
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