What is happening to Zip Biz?
Zip is committed to providing SME’s access to a seamless end-to-end product to accept payments, pay expenses and fund growth.
After a successful pilot Zip will continue to improve upon its SME offering. This will see the current Zip Biz product replaced in February with Zip Business Trade +, a new product allowing for higher credit limits (up to $150,000) and shorter application times.
As of 22 December 2020, Zip will discontinue its support for new Zip Biz applications with customers re-directed to apply for Zip Business Trade (credit limits up to $3,000) with the option to upgrade to Trade + when it launches in February. To apply for Zip Business Trade, customers can go to https://zip.co/business/trade
Existing Zip Biz customers can continue to use their account to make payments until further notice, whilst Zip Merchants accepting payments will see no change to the checkout experience.
Ann: ZIP CEMENTS ITSELF AS A TRUE GLOBAL BNPL LEADER, page-529
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