ZIP 1.45% $1.70 zip co limited..

I told you good time to buy, page-3462

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    A great way to score some extra CC points is to pay your tax bill with zip pay and then pay zip pay balance with CC. .

    most CC wont reward points for payments to the ATO (but you can get those points paying via zip pay)

    note,
    as you are a share holder you'd probably want to avoid using your CC to pay your zip account.

    Credit card companies charge merchants betwern 0.5% up to 1.5% of the transaction value.

    meaning if your purchases are from a non partnered merchant and you avoid zips monthly fee by paying out the balance using your CC your whole zip transaction will be a cost to the company.

    example

    pay tax bill for $2000 via zip pay (bpay)

    pay that balance using CC

    points earned value @ 2% = $40


    CC fee to zip for transaction $10 - $30

    this will have no merchant fee revenue for zip meaning this is a losing transaction for zip.



    (example only based on my experience of my own transactions)
 
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